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 CORPORATION HAS FOUR MEMBERS EACH OF WHICH IS A 501(C)(3) EXEMPT ORGANIZATION. THE MEMBERS CONSIST OF THE FOLLOWING: THE UNITED WAY OF SOUTH MISSISSIPPI, INC., A MISSISSIPPI NONPROFIT CORPORATION; THE MISSISSIPPI GULF COAST CAHMBER OF COMMERCE FOUNDATION, INC.; THE GULF COAST BUSINESS COUNCIL RESEARCH FOUNDATION, INC., A MISSISSIPPI NONPROFIT CORPORATION; AND THE GULF COAST COMMUNITY FOUNDATION, INC. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS SHALL CONSIST OF THIRTEEN DIRECTORS, TWELVE THAT ARE APPOINTED BY THE MEMBERS OF THE CORPORATION AND ONE THAT IS ELECTED BY THE BOARD OF THE CORPORATION. THE MEMBERS OF THE BOARD SHALL BE APPOINTED AS FOLLOWS: (I) THE UNITED WAY OF SOUTH MISSISSIPPI, INC., A MISSISSIPPI NONPROFIT CORPORATION, SHALL APPOINT TWO DIRECTORS; (II) THE MISSISSIPPI GULF COAST CHAMBER OF COMMERCE FOUNDATION, INC., SHALL APPOINT TWO DIRECTORS; (III) THE GULF COAST BUSINESS COUNCIL RESEARCH FOUNDATION, INC., A MISSISSIPPI NONPROFIT CORPORATION, SHALL APPOINT FOUR DIRECTORS; (IV) THE GULF COAST COMMUNITY FOUNDATION, INC., SHALL APPOINT FOUR DIRECTORS; AND (V)ONE DIRECTOR SHALL BE ELECTED BY THE BOARD OF DIRECTORS AT A MEETING OF THE BOARD OF DIRECTORS (PROVIDED, HOWEVER, THAT THE DIRECTOR ELECTED AT SUCH ANNUAL MEETING SHALL NOT BE AN OFFICER, DIRECTOR, OR REPRESENTATIVE OF ANY MEMBER OF THE CORPORATION). EACH DIRECTOR ELECTED SHALL HOLD OFFICE FOR A TERM OF ONE YEAR, OR UNTIL HIS OR HER SUCCESSOR IS ELECTED AND QUALIFIED. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED IN DETAIL BY THE BOARD PRESIDENT BEFORE FILING. THE FORM 990 IS SIGNED BY THE PRESIDENT. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS THROUGH CLOSE OVERSIGHT OF FINANCIAL TRANSACTION. EACH DIRECTOR AND OFFICER IS REQUIRED TO ANNUALLY SIGN A STATEMENT AFFIRMING COMPLIANCE WITH THE POLICY. THE POLICY IS UPDATED AND REVIEWED WITH NEW BOARD MEMBERS ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION IS NOT REQUIRED TO, AND DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICTS OF INTEREST POLICY AVAILABLE TO THE PUBLIC. THE FINANCIAL STATMENTS, HOWEVER, ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | ROUNDING ADJUSTMENTS -1. |
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