Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THERE IS A CONTRACT OF SERVICES BETWEEN THE ORGANIZATION AND PAI MANAGEMENT CORPORATION (PAI). THE MANAGEMENT FEE PAID TO PAI PROVIDES COMPENSATION FOR ITS DELIVERY OF A CONTRACTED SCOPE OF SERVICES TO THE ORGANIZATION WHICH INCLUDES A COMPOSITE OF PERSONNEL, INFRASTRUCTURE, AND TECHNOLOGY. THESE FEES INCLUDE COMPENSATION FOR THE SERVICES OF NORMAN WALLIS, PHD, A PAI MANAGEMENT CORPORATION EMPLOYEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS ONE CLASS OF VOTING MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH VOTING MEMBERS HAS THE RIGHT TO VOTE, TO BE APPOINTED TO COMMISSIONS AND COMMITTEES, AND TO HOLD ELECTIVE OFFICE. |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES TO BYLAWS ARE SUBJECT TO APPROVAL BY VOTE OF MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY OUTSIDE CERTIFIED PUBLIC ACCOUNTING FIRM AND SUBMITTED TO EXECUTIVE DIRECTOR AND SENIOR FINANCIAL MANAGEMENT FOR REVIEW AND APPROVAL PRIOR TO FILING. AN ELECTRONIC VERSION OF THE RETURN IS MADE AVAILABLE TO THE BOARD OF CHANCELLORS PRIOR TO SUBMISSION TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICTS OF INTEREST REQUIRED TO BE REPORTED TO BOARD OF CHANCELLORS AND MONITORED AS NEEDED BY EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION OF ACRO'S EXECUTIVE DIRECTOR IS PAID BY PAI MANAGEMENT CORPORATION THROUGH A MANAGEMENT SERVICE CONTRACT (IN LIEU OF FULL TIME PROFESSIONAL STAFF) UNDER WHICH PAI PROVIDES A SCOPE OF MANAGEMENT, TECHNOLOGY AN ACCOUNTING SERVICES WHICH IS AGREED UPON AND APPROVED ON A YEARLY BASIS BY THE BOARD OF CHANCELLORS. ACRO OPERATES UNDER A MANAGEMENT SERVICES CONTRACT WITH PAI MANAGEMENT CORPORATION IN LIEU OF FULL TIME PROFESSIONAL STAFF. |
| FORM 990, PART VI, SECTION C, LINE 19 | ACRO DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLISTS OF INTEREST POLICY OR FINANCIALS STATEMENTS OPEN TO THE PUBLIC. IT IS NOT REQUIRED BY TO DO SO BY LAW. IT DOES COMPLY WITH ALL PUBLIC DISCLOSURE REQURIEMENTS FOR IT FEDERAL TAX FILINGS. |
| Software ID: | |
| Software Version: |