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 COUNCIL OF FASHION DESIGNERS OF AMERICA (CFDA) IS A NOT-FOR-PROFIT TRADE ORGANIZATION THAT LEADS INDUSTRY WIDE INITIATIVES AND WHOSE MEMBERSHIP CONSIST OF MORE THAN 500 OF AMERICA'S FOREMOST FASHION AND ACCESORY DESIGNERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERSHIP IS BY INVITATION ONLY, AND IS OPEN TO AMERICANS DESIGNING IN THE UNITED STATES OR ABROAD, OR INTERNATIONAL DESIGNERS WHOSE BUSINESSES ARE BASED PRIMARILY IN THE UNITED STATES. EACH YEAR, THE ADMISSIONS COMMITTEE MEETS TO REVIEW CANDIDATES' APPLICATIONS, MAKING ITS RECOMMENDATIONS TO THE CFDA'S BOARD OF DIRECTORS. AN AFFIRMATIVE VOTE BY THE BOARD IS REQUIRED FOR THE ELECTION OF EACH MEMBER. THE EXECUTIVE COMMITTEE SERVES AS THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS. NOMINATIONS OF THE DIRECTORS SHALL BE RATIFIED BY THE BOARD OF DIRECTORS IN MARCH OF EACH YEAR. THE MEMBERS ARE NOTIFIED IN WRITING BY MAIL OF SUCH NOMINATIONS, AND ON THE PROPOSED SLATE AT THE SPRING BI-ANNUAL MEMBERSHIP MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | CFO, TREASURER AND PRESIDENT/CEO REVIEW THE 990 AND DRAFT COPY SENT TO FULL BOARD WHICH INCLUDES TWO OF THREE AUDIT COMMITTE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST STATEMENTS ARE COMPLETED ANNUALLY BY EACH BOARD MEMBER. AUDIT COMMITTEE DISSEMENATES CONFLICT OF INTEREST STATEMENTS TO BOD AND STAFF ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | BOARD APPROVAL, COMPENSATION TEAM (MADE-UP OF TWO BOARD MEMBERS), COMPENSATION SURVEYS & STUDIES, FORM 990'S FROM OTHER ORGANIZATIONS, INDEPENDENT COMPENSATION CONSULTANT REPORT. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST. |
| FORM 990, PAGE 11, PART XI | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE AUDIT AND FOR SELECTION OF THE INDEPENDENT ACCOUNTANT. |
| FORM 990, PAGE 5, PART V, QUESTION 2A | ALL EMPLOYEES OF THE FOUNDATION ARE LEASED.IN ADDITION ALL THE REQUIRED PAYROLL AND RELATED EMPLOYMENT RETURNS ARE FILED BY THE LEASING COMPANY. |
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