Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| 990 Pt VI Sec B Ln 11a | Form 990, Section VI, Part B, Line 11a - GOVERNING BODY & MANAGEMENT Form 990 is reviewed by directors and/or Executive Officers. |
| 990 Pt VI Sec B Ln 15a | Form 990, Section VI, Part B, Line 15a - POLICIES Salary of the President and total compensation for all employees are set and reviewed by the Board. |
| Form 990 Pt XII Ln 2c | Form 990, Part XII, FINANCIAL STATEMENTS & REPORTING, Line 2c The Board of Directors as a whole authorizes the President to select an independent accounting firm and approves annual operating budgets upon review of prior period results. |
| 990 Pt VI Sec B Ln 12c | Form 990, Section VI, Part B, Line 12c - POLICIES Compliance is monitored by AAPC in-house legal counsel. |
| 990 Pt VI Sec B Ln 19 | Form 990, Section VI, Part B, Line 19 - POLICIES Copies are made available upon request. |
| 990 Page 1 MISSION | To promote the unique and significant economic contributions of U.S. based auto companies to the American economy and work to maintain and improve market access for automotive exports in foreign markets. |
| 990 Part V Ln 3b | Unrelated Business Taxable Income - Total income is solely comprised of dues payments from members and interest income on excess cash deposits. |
| 990 Pt IX Ln 24e | Statement of Functional Expenses- All Other Expenses 52,224 Automobile Expense - salary inclusion 30,277 Dues and Subscriptions 5,840 Auto Standards Workshops 3,561 Federal Tax Paid on Excess Employee Benefits _______ 91,902 Other expenses Part IX, Line 24e |
| Part V - IRS Filings/Tax Compliance | Form 990-T was filed in 2018 to report employee transit benefits. On Dec. 20, 2019, the Taxpayer Certainty and Disaster Relief Act of 2019 (P.L. 116-94) repealed IRC Section 512(a)(7) retroactively, as if it had never been enacted. For those tax-exempt organizations that already paid the parking tax between Jan. 1, 2018, and the present, the IRS confirmed that such organizations may file an amended Form 990-T to claim a refund or credit of the tax. |
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