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 7A | THE PRESIDENT, FIRST VICE PRESIDENT, AND SECOND VICE PRESIDENT OF THE BOARD OF DIRECTORS SHALL BE REGULAR MEMBERS OF THE ASSOCIATION AND ELECTED BY THE BOARD OF DIRECTORS AT THE BOARD MEETING HELD THE DAY BEFORE THE ANNUAL MEETING OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY SUBSTANTIVE CHANGE TO THE BYLAWS OF THE ASSOCIATION PROPOSED BY THE BOARD OF DIRECTORS MUST BE APPROVED BY THE GENERAL MEMBERSHIP OF THE ASSOCIATION. THE ADOPTION OF SUCH PROPOSAL REQUIRES THE AFFIRMATIVE VOTE OF TWO-THIRDS OF THE VOTES CAST, BUT NOT LESS THAN 51% OF THE TOTAL ELIGIBLE ASSOCIATION VOTES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE DRAFT FORM OF THE FINANCIALS AND 990 TAX FORMS PRIOR TO AUTHORIZING THE PUBLICATION OF THE FINAL FORM. |
| FORM 990, PART VI, SECTION B, LINE 12C | PRIOR TO COMMENCEMENT OF EACH COMMITTEE AND BOARD MEETING, EACH ATTENDEE IS REQUIRED TO READ AND SIGN THE CONFLICT OF INTEREST POLICY STATEMENT, AS WELL AS THE ANTI-TRUST COMPLIANCE STATEMENT. IF THE MEETING IS HELD VIA ELECTRONIC MEANS, EACH PARTICIPANT IS ASKED TO REVIEW AND ACKNOWLEDGE THE POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | EACH COMPENSATED EMPLOYEE IS REVIEWED BY HIS/HER MANAGER USING A QUANTIFIABLE SCHEDULE OF CRITERIA SPECIFICALLY DEVELOPED FOR EACH POSITION AND A LIST OF OBJECTIVES ESTABLISHED THE PREVIOUS YEAR. A PERSONNEL COMMITTEE COMPRISED OF THE INDEPENDENT DIRECTORS OF THE BOARD FURTHER REVIEWS THE EMPLOYEE PERFORMANCE WITH THE EXECUTIVE DIRECTOR. COMPENSATION IS BASED ON ACHIEVING THE AFOREMENTIONED OBJECTIVES AND SCORES ACHIEVED IN EACH OF THE MEASURABLE CRITERIA. THE EXECUTIVE DIRECTOR RECEIVES A REVIEW BY THE PRESIDENT OF THE BOARD OF DIRECTORS AND COMPENSATION IS BASED ON COMPARISON TO OTHER EXECUTIVES IN THE NON-PROFIT SECTOR. KNOWN COMPENSATION GUIDELINES FOR ASAE AND OVERALL INDUSTRY PERFORMANCE FOR THE PAST YEAR ARE ALSO USED TO DETERMINE COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS AVAILABLE TO THE PUBLIC. |
| PART 12 LINE 2C | THERE WAS NO CHANGE IN THE PROCESS FROM THE PRIOR YEAR. |
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