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 Association has three types of memberships: Regular, Associate and Corporate. Regular members are firms that have 51% or more hispanic ownership. Associate members are all other organizations not meeting the criteria for Regular membership, however, the board deems to be a good business relationship. A Corporate member is a single business entity. |
| Form 990, Part VI, Section A, line 7a | Voting members have the right to elect the Board of Directors. |
| Form 990, Part VI, Section A, line 7b | There are certain Board decisions that must be approved by the members. |
| Form 990, Part VI, Section B, line 11b | The Senior Staff and Executive Director review the Form 990 prior to filing. The Board approves the audits. |
| Form 990, Part VI, Section B, line 12c | The Association reviews all contracts and invoices to ensure there are no conflicts of interest. |
| Form 990, Part VI, Section B, line 15 | Compensation is determined as part of the budgeting process and consideration of competetive wage requirements. The Executive Committee discusses and reviews the Executive Director's salary and benefits, and terms of employment subject to the full Board's final appproval. |
| Form 990, Part VI, Section C, line 19 | The Association's governing documents, conflict of interest policy, and financial statements are available to the public upon request. |
| Form 990, Part IX, line 11g | Contractual Services: Program service expenses 366,417. Management and general expenses 0. Fundraising expenses 0. Total expenses 366,417. Payroll Processing : Program service expenses 3,896. Management and general expenses 161. Fundraising expenses 0. Total expenses 4,057. Consulting: Program service expenses 301,180. Management and general expenses 12,471. Fundraising expenses 0. Total expenses 313,651. |
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