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 | THE ASSOCIATION HAS MEMBERS. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | THE MEMBERSHIP SUBMITS NOMINATIONS AND HOLDS ELECTIONS ANNUALLY. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | THE MEMBERS APPROVE THE ACTIONS OF THE BOARD OF DIRECTORS AND OFFICERS ANNUALLY. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | FORM 990 IS NOT REVIEWED BY THE BOARD. IT IS REVIEWED BY THE PRESIDENT BEFORE FILING. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | RECORDS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| Other Changes In Net Assets Or Fund Balances - Other Decreases | NET TRANSFER TO PAC ACCOUNT = -$3262 |
| Form 990, Part XII, Line 2: Change of Oversight or Selection Process | THE BOARD OF DIRECTORS REVIEWS THE AUDITED FINANCIAL STATEMENTS AND SELECTS THE INDEPENDENT AUDITOR. |
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | BENEFIT CORPORATION LAW. THE PURPOSE OF THIS CORPORATION IS TO ENGAGE IN ANY LAWFUL ACT OR ACTIVITY, OTHER THAN CREDIT UNION BUSINESS, FOR WHICH A COPORATION MAY BE ORGANIZED UNDER SUCH LAW. THE SPECIFIC PURPOSES OF THIS CORPORATION ARE TO PROMOTE THE PROGRESS AND DEVELOPMENT OF THE AGRICULTURAL PROCESSING INDUSTRY IN GENERAL AND IN PARTICULAR FOCUS ON ENVIRONMENTAL AND SAFETY ISSUES AFFECTING THE AGRICULTURAL PROCESSING INDUSTRY. |
| FORM 990, PART XII, LINE 1: | THE ASSOCIATION'S POLICY IS TO PREPARE ITS FINANCIAL STATEMENTS ON A MODIFIED CASH BASIS OF ACCOUNTING; CONSEQUENTLY, REVENUES ARE RECOGNIZED WHEN RECEIVED RATHER THAN EARNED, AND EXPENSES ARE RECOGNIZED WHEN CASH IS DISBURSED RATHER THAN WHEN THE OBLIGATION IS INCURRED. THE SIGNIFICANT MODIFICATIONS TO THE CASH BASIS INCLUDE RECORDING AQUISITIONS OF PROPERTY AND EQUIPMENT AS ASSETS A DEPRECIATING RATHER THAN EXPENSING THE ASSETS ACQUIRED AND RECORDING NOTES PAYABLE AS LIABILITIES RATHER THAN AS EXPENDITURES WHEN PAYMENTS ARE MADE. |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |