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 1 | THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE ELECTED OFFICERS OF THE ORGANIZATION, THE CHAIR, VICE-CHAIR AND PAST-CHAIR. THE COMMITTEE SHALL MEET REGULARLY AS OUTLINED IN THE BOARD POLICY. THE EXECUTIVE COMMITTEE SHALL ACT FOR THE BOARD OF DIRECTORS IN THE INTERIM BETWEEN MEETINGS OF THE BOARD BY A TWO-THIRDS VOTE. ALL DIRECTORS SHALL BE SENT ELECTRONIC NOTICE OF AN EXECUTIVE COMMITTEE VOTE WITHIN FIVE (5) BUSINESS DAYS OF SUCH VOTE, ALONG WITH THE OPPORTUNITY TO NOTIFY THE CHIEF EXECUTIVE OFFICER ELECTRONICALLY WITHIN A DATE SPECIFIED IN SUCH NOTICE (SAID DATE NOT TO BE LESS THAN FIVE (5) BUSINESS DAYS AFTER THE DATE OF SUCH NOTICE) IF THEY WISH THE EXECUTIVE COMMITTEE VOTE TO BE SUBJECT TO RATIFICATION BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN CORPORATION. UNDER THE TERMS OF THIS CONTRACT, SIO MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVER STAFF SALARIES AND OTHER OVERHEAD EXPENSES. SMITHBUCKLIN'S PERFORMANCE UNDER THIS AGREEMENT IS MONITORED BY THE BOARD OF SIO. THE FEES INCURRED BY SIO DURING THE YEAR ENDED DECEMBER 31, 2018 WERE $502,982 WHICH WERE BROKEN DOWN AS FOLLOWS: EXECUTIVE MANAGEMENT $60,000, MEMBERSHIP AND OPERATIONS SERVICES - $126,141, FINANCIAL MANAGEMENT AND ACCOUNTING SERVICES - $15,000, EVENT SERVICES - $69,775, MARKETING AND COMMUNICATION SERVICES - $86,565; CREATIVE AND DESIGN SERVICES - $19,773, EDUCATION AND LEARNING SERVICES - $73,284; INFORMATION TECHNOLOGY SERVICES - $22,165; VALUE-ADDED SERVICES - $30,279. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE STAFF OF THE MANAGEMENT COMPANY, INCLUDING THE EXECUTIVE DIRECTOR, AND A COPY IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS OF AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. |
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