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 6 | THE ORGANIZATION HAS REALTOR MEMBERS OF TWO LEVELS AND AFFILIATE MEMBERS. PRIMARY MEMBERS HOLD MEMBERSHIPS IN R-BAR, PAR, AND NAR. SECONDARY MEMBERS HOLD MEMBERSHIP AT ANOTHER LOCAL ASSOCIATION, PAR AND NAR, BUT ALSO DESIRE TO BELONG TO R-BAR AS A SECOND LOCAL ASSOCIATION. AFFILIATE MEMBERSHIPS ARE FOR LOCAL COMPANIES THAT ARE REAL ESTATE RELATED, SUCH AS LENDERS, HOME INSPECTION COMPANIES, TITLE COMPANIES, ETC. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTOR POSITIONS ARE STAGGERED THREE YEAR TERMS; EACH YEAR THE NUMBER OF DIRECTORS NOMINATED VARIES. THE NOMINATING COMMITTEE CONDUCTS INTERVIEWS OF ALL APPLICANTS AND REPORTS THEIR SLATE OF PROPOSED OFFICERS TO THE MEMBERSHIP FOR APPROVAL. IF THE PROPOSED SLATE GOES UNCHALLENGED BY THE MEMBERSHIP, THEN THE SLATE IS PASSED. |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL BYLAW CHANGES AND ANY ADDITIONAL NOMINATIONS FROM THE MEMBERSHIP FOR A DIRECTOR POSITION OR PRESIDENT ELECT ARE VOTED ON BY THE MEMBERSHIP AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. ALL DIRECTORS RECEIVE THE RETURN FOR REVIEW PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | MEMBERS OF THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS SIGN AN ANNUAL CONFLICT OF INTEREST POLICY. FAMILY MEMBERS ARE EXPRESSLY MENTIONED AS POTENTIAL SOURCES OF CONFLICT. LEGAL COUNSEL ASSISTS IN THE MONITORING OF CONFLICTS OF INTEREST. WHEN A CONFLICT OF INTEREST ARISES, THE PARTIES TO WHICH THE ISSUES RELATE ARE REMOVED FROM THE DISCUSSIONS, HOWEVER, THEY MAY SPREAK BRIEFLY ON THE MATTER AND ANSWER QUESTIONS DEEMED PERTINENT TO THE DECISION-MAKING PROCESS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE CEO'S COMPENSATION REVIEW IS PERFORMED ANNUALLY BY THE PRESIDENT, PAST-PRESIDENT AND PRESIDENT-ELECT OF THE BOARD. RECOMMENDATIONS ARE BASED ON THE ORGANIZATION'S PERFORMANCE, THE ASAE (AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES) CEO COMPENSATION SURVEY, GUIDESTAR SURVEYS (BASED ON ASSOCIATION SIZE AND REVENUE), AND THE CEO NATIONAL ASSOCIATION OF REALTORS EVALUATION FORM. THE RECOMMENDATIONS GO TO THE FULL BOARD OF DIRECTORS AND ARE RECORDED IN THE MINUTES. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION WHOSE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | SHOWING TIME EXPENSES 82,445. |
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