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 | ALC WAS MANAGED BY THE ASSOCIATION MANAGEMENT COMPANY OF MANAGEMENT SOLUTIONS PLUS. ALC MAINTAINED ITS OFFICES AT MSP'S HEADQUATERS AT 9707 KEY WEST AVE #100, ROCKVILLE, MD 20850. ALL REGULAR ALC STAFF MEMBERS WERE EMPLOYEES OF MSP AND WERE PROVIDED TO ALC ON AN AS-NEEDED BASIS. ALC AND MSP HAD A LETTER OF AGREEMENT THAT DEFINED THE RESPONSIBILITIES OF THE MANAGEMENT FIRM. A MANAGEMENT FEE WAS NEGOTIATED THAT COVERED THE COST OF THE ALC CHIEF EXECUTIVE OFFICER, SUPPORT STAFF, OFFICE EQUIPMENT AND OFFICE SPACE. |
| FORM 990, PART VI, SECTION A, LINE 6 | ALC'S BYLAWS PROVIDE FOR FIVE CLASSES OF MEMBERSHIP: (1) FOUNDING, (2) ACTIVE, (3) CHARTER (4) AFFILIATE AND (5) INDUSTRY PARTNERS. FOUNDING, ACTIVE AND CHARTER MEMBERS SHALL HAVE FULL VOTING RIGHTS AND THE RIGHT FOR ITS REPRESENTATIVES TO SERVE ON COMMITTEES AND AS OFFICERS AND DIRECTORS OF THE ASSOCIATION. AFFILIATE MEMBERS SHALL HAVE NO VOTING PRIVILEGES BUT SHALL HAVE THE RIGHT FOR ITS REPRESENTATIVES TO SERVE ON COMMITTEES AND AS OFFICERS AND DIRECTORS OF THE ASSOCIATION. INDUSTRY PARTNERS SHALL HAVE NO VOTING PRIVILIEGES. ALL MEMBERS SHALL HAVE RIGHTS AND BENEFITS AS MAY BE ESTABLISHED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF THE ASSOCIATION, BY MAJORITY VOTE OF THOSE MEMBERS PRESENT. |
| FORM 990, PART VI, SECTION A, LINE 7B | EACH FOUNDING, ACTIVE AND CHARTER MEMBER IN GOOD STANDING IS ENTITLED TO ONE VOTE. VOTES MUST BE CAST IN PERSON, BY THOSE MEMBERS IN ATTENDANCE. PROXY VOTES ARE NOT PERMITTED. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE 990 IS GIVEN TO THE EXECUTIVE DIRECTOR FOR REVIEW BEFORE FILING. HE/SHE REVIEWS IT WITH THE TREASURER AND MAKES IT AVAILABLE TO ALL DIRECTORS BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD MONITORS CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR IS EMPLOYED BY THE MANAGEMENT COMPANY FOR THE ASSOCIATION. THE FEES TO THE MANAGEMENT COMPANY ARE ESTABLISHED ANNUALY AFTER A THOROUGH BUDGET PROCESS IS CONDUCTED AND APPROVED BY THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 18 | FORM 990 AND 1023 ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON WRITTEN REQUEST. |
| 990, PART XII, LINE 2C | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE YEAR. |
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