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 | THE ORGANIZATION HAS ENGAGED THE SERVICES OF STRINGFELLOW MANAGEMENT, INC. TO MANAGE ITS AFFAIRS BEGINNING MARCH 20, 2018. IAWA WILL RETAIN THE SERVICES THROUGH DECEMBER 31, 2019. THE AGREEMENT WILL AUTOMATICALLY RENEW WITH THE SAME TERMS AND CONDITIONS EACH TWELVE MONTH PERIOD THEREAFTER UNLESS ONE OF THE PARTIES NOTIFIES THE OTHER IN WRITING NOT LESS THAN 90 DAYS IN ADVANCE OF THE EXPIRATION OF THE INITIAL TERM, OR BY OCTOBER 2, 2019. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS TWO CLASSES OF MEMBERS. GENERAL MEMBERS CONSISTS OF PERSONS WHO HAVE SIGNIFIED INTEREST IN CARRYING OUT THE PURPOSES OF THE ORGANIZATION. FOUNDING MEMBERS ARE THOSE WOMEN WHO ACTIVELY PARTICIPATED IN DEVELOPING IAWA OR WHO ATTENDED THE FIRST IAWA CONFERENCE HELD IN CHICAGO, ILLINOIS IN NOVEMBER, 1989. ALL MEMBERS IN GOOD STANDING SHALL BE ENTITLED TO VOTE ON MATTERS PLACED BEFORE THEM BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | A NOMINATING COMMITTEE COMPOSED OF THE PRESIDENT, VICE PRESIDENT, AND IMMEDIATE PAST TWO PRESIDENTS SHALL NOMINATE PROSPECTIVE DIRECTORS. THE AFFIRMATIVE VOTE OF A MAJORITY OF DIRECTORS IS REQUIRED FOR SELECTION OF NEW DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON, INCLUDING ANY DIRECTOR, PRINCIPAL, OR OFFICER MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. IN DETERMINING WHETHER A SET OF CIRCUMSTANCES GIVES RISE TO A DUTY TO DISCLOSE, THE INTERESTED PERSON SHOULD DISCLOSE IN ALL SITUATIONS IN WHICH A FINANCIAL INTEREST EXISTS, AND IN ALL SITUATIONS IN WHICH THE APPEARANCE OF A FINANCIAL INTEREST OR CONFLICT OF INTEREST EXISTS. IF A CONFLICT EXISTS: 1. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. 2. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. 3. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER IAWA CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. 4. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN IAWA'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION, ARRANGEMENT, ACTION OR OUTCOME. 5. NO DECISION OF THE GOVERNING BOARD OR COMMITTEE SHALL RELIEVE AN INTERESTED PERSON OF THE DUTY TO ACT IN THE BEST INTERESTS OF THE ASSOCIATION IN THE CONDUCT OF THEIR ACTIVITIES ON BEHALF OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMETNS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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