Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The organization has the following membership categories: Professional, academy, services/supplier partners, emeritus membership, honorary and lifetime. Professional and Professional affiliate members in good standing are entitled to vote. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The treasurer of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed. At the first meeting of the board following the filing of the 990 with the IRS, the complete form 990 is presented to the board by the organization's lead officers with responsibility over the form 990's review, thereafter questions are taken and the form, its preparation, and its public relation impact are discussed. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The executive committee reviews the compensation for all officers by comparing their compensation to the compensation of individuals in like positions in comparable organizations using forms 990, compensation studies, and other available data. The committee then approves any changes in compensation based on this information. The organization has no employees meeting the IRS definition of a key employee. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | The organization will provide in a timely manner, copies of all governing documents including its conflict of interest policies and financial statements when requested in writing or in person. |
| Part X, Line 2 | The association and foundation are not-for-profit organizations exempt from federal and state income taxes under the provisions of the internal revenue code section 501(c)(6) and 501(c)(3), respectively. The association and foundation are not classified as private foundations. In addition, the foundation qualifies for the charitable contribution deduction under section 170(B)(1)(A)(11) and is classified as an organization other than a private foundation under section 509)(A)(2). Income determined to be unrelated business taxable income is taxable to the organization. The internal revenue code section 513(A) defines a related trade or business of an exempt organization as any trade or business which is not substantially related to the exercise of or performance of its exempt purpose. Certain advertising and conference center rental income of the association is considered unrelated business income. The Association had no federal and state of arizona unrelated business income tax for the year ended May 31, 2019. Federal and state tax returns of the association and foundation are subject to examination by the internal revenue service and state taxing authorities as defined under regulations of the taxing authorities. |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |