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 2 | JOHN SIEPMANN AND JIM SIEPMANN HAVE A FAMILY RELATIONSHIP. DAVE RODRIGUES AND ANN RODRIGUES HAVE A FAMILY RELATIONSHIP. ROD DEMLANG AND SHELLY BASSO HAVE A FAMILY RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IN THE ASSOCIATION CONSISTS OF TEN CLASSES DIVIDED INTO THREE CATEGORIES KNOWN AS PRIMARY, SECONDARY, AND PARTNER MEMBERSHIPS. |
| FORM 990, PART VI, SECTION A, LINE 7A | AT ALL GENERAL MEMBERSHIP MEETINGS OF THE ASSOCIATION, MEMBERS HAVE THE RIGHT TO VOTE ON ALL MATTERS. BUSINESS QUESTIONS SHALL BE LIMITED TO THE PRIMARY AGENTS OF BUILDER MEMBERS AND MEMBERS OF THE ASSOCIATE ADVISORY BOARD (AAB). AGENTS OF BUILDER MEMBERS AND ELECTED MEMBERS OF THE AAB MAY VOTE FOR MEMBERS OF THE ASSOCIATION'S DIRECTORS AND OFFICERS. AGENTS FOR ASSOCIATE MEMBERS MAY VOTE FOR MEMBERS OF THE AAB. A DESIGNATED AGENT MAY DESIGNATE A PROXY TO CAST THE VOTE OF THE PRIMARY MEMBER PROVIDED WRITTEN NOTIFICATION IS PROVIDED TO THE EXECUTIVE DIRECTOR OF THE ASSOCIATION IN ADVANCE OF THE MEETING. AN AFFILIATE OR DEPENDENT MEMBER OF THE PARTNERSHIP, FIRM, OR CORPORATION CAN SERVE IN THIS ROLE. |
| FORM 990, PART VI, SECTION A, LINE 7B | SEE EXPLANATION FOR PART VI, SECTION A, LINE 6. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PREPARED FORM 990 IS REVIEWED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS, EMPLOYEES, AND MEMBERS OF THE ASSOCIATION ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST AN INTERESTED PERSON 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 BODY-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. A PERSON WHO HAS A FINANCIAL INTEREST MAY HAVE A CONFLICT OF INTEREST ONLY IF THE APPROPRIATE GOVERNING BODY OR COMMITTEE DECIDES THAT A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE MEETING OF THE GOVERNING BODY OR COMMITTEE WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING DIRECTORS OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BODY OF COMMITTEE MEETINGS, 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. THE CHAIRPERSON OF THE GOVERNING BODY OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION 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. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BODY OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'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 OR ARRANGEMENT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE ASSOCIATION'S EXECUTIVE COMMITTEE DETERMINES THE EXECUTIVE DIRECTOR'S COMPENSATION USING DATA ON COMPENSATION PAID BY COMPARABLE ASSOCIATIONS DURING THE ASSOCIATION'S BUDGETING AND REVIEW PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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