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 1 | THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE FOLLOWING MEMBERS OF THE BOARD OF DIRECTORS: THE PAST CHAIR, THE CHAIR, THE CHAIR-ELECT, THE FIRST VICE-CHAIR, THE SECOND VICE-CHAIR, THE TREASURER, THE MANUFACTURERS AND SERVICES COUNCIL CHAIR, THE FEDERATED ASSOCIATION EXECUTIVE CHAIR, AND THE PRESIDENT. ALL SHALL HAVE VOTING PRIVILEGES, EXCEPT THAT THE PRESIDENT SHALL BE A NON-VOTING MEMBER. DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE LIMITED POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF NLBMDA, EXCEPT FOR (I) THE USE OF ANY RESTRICTED FUNDS AND (II) THE SETTING OF DUES AND ASSESSMENTS FOR NLBMDA MEMBERSHIP. ALL ACTIONS OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED IN WRITING WITHIN 30 DAYS TO THE BOARD OF DIRECTORS, WHICH SHALL HAVE THE POWER TO OVERRULE SAID ACTIONS. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT CONTRACT WITH SMITHBUCKLIN. UNDER THE TERMS OF THIS CONTRACT, NLBMDA MAKES PAYMENTS TO SMITHBUCKLIN WHICH COVER STAFF SALARIES AND OTHER OVERHEAD EXPENSES. THE FEES INCURRED BY NATIONAL LUMBER DURING 2019 WERE $455,558, WHICH WERE BROKEN DOWN AS FOLLOWS: EXUCUTIVE MANAGEMENT - $123,600, MEMBERSHIP AND OPERATIONS - $191,470, FINANCIAL MANAGEMENT AND ACCOUNTING SERVICES - $41,996, EVENT SERVICES - $68,595, MARKETING AND COMMUNICATIONS SERVICES - $2,917, INFORMATION TECHNOLOGY - $19,448, INFORMATION, INC. - $1,398, PROJECT PRINTING AND SUPPORT - $1,548, AND PROMOTIONAL PRODUCTS AND SUPPORT - $4,586. SMITHBUCKLIN'S PERFORMANCE UNDER THIS AGREEMENT IS MONITORED BY THE BOARD OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT COPY OF THE 990 IS REVIEWED AND APPROVED BY THE GOVERNING BODY PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | FORM 990 IS AVAILABLE UPON REQUEST AND ALSO THROUGH THE WEBSITE WWW.GUIDESTAR.ORG. |
| FORM 990, PART XII, LINE 2C EXPLANATION: | THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR INDEPENDENT AUDITOR SELECTION PROCESS DURING THE TAX YEAR. |
| Software ID: | |
| Software Version: |