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 | AFWA RETAINS THE SERVICES OF A MANAGEMENT FIRM, ASSOCIATIONS INTERNATIONAL, TO PROVIDE MANANGEMENT, OFFICE SERVICES, OFFICE SPACE, AND EQUIPMENT. |
| FORM 990, PART VI, SECTION A, LINE 6 | AFWA IS A MEMBER ORGANIZATION. AFWA MEMBERSHIP TAKES SEVEN FORMS: (1)REGULAR, WHO ARE PROFESSIONALS ACTIVELY ENGAGED IN ACCOUNTING FOR TWO OR MORE YEARS, OR HOLD A VALID CPA CERTIFICATE, IT'S EQUIVALENT, OR OTHER ACCOUNTING OR FINANCIAL CERTIFICATIONS WITH SIMILAR EDUCATION OR EXPERIENCE REQUIREMENTS AS DETERMINED BY THE BOARD OF DIRECTORS, OR HOLD A BACHELOR'S DEGREE WITH A MAJOR IN ACCOUNTING OR ITS EQUIVALENT, (2) ASSOCIATE, WHO ARE ACTIVELY ENGAGED IN ACCOUNTING OR FINANCE WITH LESS THAN TWO YEARS' EXPERIENCE, (3) AFFILIATE, WHO ARE PROFESSIONALS NOT ACTIVELY ENGAGED IN ACCOUNTING AND HAVE A SUBSTANTIAL INTEREST IN ACCOUNTING, (4) STUDENT, WHO ARE REGULARLY ENROLLED STUDENTS, ATTENDING AT LEAST HALF-TIME, IN POST-SECONDARY EDUCATIONAL INSTITUTIONS, MAJORING IN ACCOUNTING, FINANCE, OR ITS EQUIVALENT, (5) RETIRED, WHO ARE PROFESSIONALS AGE SIXTY-FIVE OR OLDER AND A REGULAR OR ASSOCIATE MEMBER FOR THE SHORTER OF FIVE CONSECUTIVE YEARS OR THE LIFE OF THE CHAPTER, OR RETIRED FROM ALL GAINFUL EMPLOYMENT DUE TO DISABILLTY, OR AGE FIFTY-FIVE OR OLDER AND RETIRED FROM ALL GAINFUL EMPLOYMENT AS A REGULAR OR ASSOCIATE MEMBER FOR THE SHORTER OF TEN CONSECUTIVE YEARS OR THE LIFE OF THE CHAPTER, (6) HONORARY, WHO ARE OUTSTANDING WOMEN WHOSE PROFESSIONAL ACHIEVEMENTS EXEMPLIFY THE STANDARDS ENCOURAGED BY THE MISSION STATEMENT OF THE ORGANIZATION, AND ARE APPROVED BY A TWO-THIRDS VOTE AT THE ANNUAL MEETING, AND (7) EMERITUS, WHO ARE A REGULAR MEMBER WHO IS AT LEAST 70 YEARS OLD AND A MEMBER FOR AT LEAST 30 YEARS. REGULAR MEMBERS HAVE FULL RIGHTS MEMBERSHIP. ASSOCIATE, AFFILIATE, AND STUDENT MEMBERS SHALL VOTE, BUT MAY NOT HOLD ELECTIVE OFFICE EXCEPT AT THE CHAPTER LEVEL, IF AUTHORIZED IN THE CHAPTER BYLAWS. RETIRED MEMBERS SHALL RETAIN THE RIGHTS PREVIOUSLY HELD AS A REGULAR OR ASSOCIATE MEMBER. HONORARY MEMBERS WHO WERE MEMBERS UPON ELECTION TO HONORARY MEMBERSHIP SHALL RETAIN THEIR FORMER RIGHTS AND PRIVILEGES IN THE ORGANIZATION. EMERITUS MEMBERS DO NOT PAY NATIONAL DUES AND SHALL RETAIN THE RIGHTS PREVIOUSLY HELD AS A REGULAR MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | AFWA HAS A NOMINATING COMMITTEE COMPRISED OF MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | BYLAWS MAY BE PROPOSED BY THE BOARD OF DIRECTORS OR BY A CHAPTER. BYLAWS MAY BE AMENDED BY A TWO-THIRDS VOTE AT ANY MEETING, PROVIDED NOTICE OF THE PROPOSED AMENDMENT HAS BEEN SENT TO EACH CHAPTER AT LEAST FORTY-FIVE DAYS PRIOR TO THE MEETING. BYLAWS MAY ALSO BE AMENDED BY A TWO-THIRDS VOTE VIA MAIL BALLOT, PROVIDED VOTES HAVE BEEN RECEIVED FROM THREE-FOURTHS OF THE CHAPTERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR AND OFFICER IS REQUIRED TO ANNUALLY ACKNOWLEDGE A COPY OF THE CONFLICT OF INTEREST POLICY, WHICH REQUIRES EACH PERSON TO DISCLOSE ANY RELATIONSHIP, POSITION, OR CIRCUMSTANCE IN WHICH SHE/HE BELIEVES COULD CONTRIBUTE TO A CONFLICT FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLLCT OF INTEREST EXISTS AND, IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT AFWA'S BEST INTEREST. |
| FORM 990, PART VI, SECTION C, LINE 19 | AFWA MAKES ITS FORM 1024 AVAILABLE UPON REQUEST. AFWA MAKES AVAILABLE A PUBLIC DISCLOSURE COPY OF ITS FEDERAL FORM 990 ON ITS WEBSITE AND UPON REQUEST. AFWA ALSO MAKES ITS GOVERNING DOCUMENTS AND CERTAIN POLICIES (INCLUDING CONFLICT OF INTEREST POLICY) AVAILABLE UPON REQUEST AT THE DISCRETION OF MANAGMENT. FINANCIAL STATEMENTS, AS PART OF AFWA'S ANNUAL REPORTS, ARE MADE AVAILABLE ON AFWA'S WEBSITE. |
| PART XII, LN 2C | PROCESS HAS NOT CHANGED SINCE PRIOR YEAR. |
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