Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Full Members - a member company which transports, stores or handles bulk oil as cargo and is entitled to voting privileges in Chadux.Associate Members - a member company that does not fit the definition of a full member and is not entitled to voting privileged. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Class or Classes: Full members. Nature of their rights: Voting privileges |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Class or Classes: Full members. Decisions requiring their approval:Sale,dissolution of corporation. Nature of voting rights: Full members approve budget and elect directors, officers. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The form 990 is reviewed by the president before being filed. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Wood and Associates was hired to evaluate positions, except the CEO (general manager) position, and determine compensation ranges. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Wood and Associates was hired to evaluate positions, except the CEO (general manager) position, and determine compensation ranges. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Conflict of interest is part of employee manual and available upon request.Bylaws and financial statements issued to Board annually and available to full members upon request; bylaws issued to full members and associate members annually at full member meetings. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Prior Period Adjustments = $1167934 |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |