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 | ROBERT VALENTI AND ROBERT VALENTI, JR. ARE FAMILY MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 6 | CARA IS AN ASSOCIATION WHOSE MEMBERS INCLUDE NEW AND USED CAR DEALERS, BODY SHOPS, JOBBERS, REPAIRERS AND ASSOCIATED INDUSTRIES. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE BOARD ARE ELECTED BY THE BOARD OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | MAJOR DECISIONS REQUIRE THE APPROVAL OF THE MEMBERS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY MANAGEMENT BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ACKNOWLEDGE IN WRITING ANNUALLY THAT THEY ARE IN COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE SETS THE LEVEL OF COMPENSATION FOR THE PRESIDENT WITH THE APPROVAL OF THE BOARD BY USING COMPARABILITY DATA AND DOCUMENTS THE DELIBERATIONS AND DECISIONS. KEY EMPLOYEES' COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF CAPITAL FROM CARA HOLDINGS 287,252. PRIOR PERIOD NET ASSET ADJUSTMENT -1,126,559. |
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