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 3 | THE ORGANIZATION ENGAGES MJB MANAGEMENT, LLC, AS AN INDEPENDENT CONTRACTOR TO PROVIDE MANAGEMENT SERVICES. MJB MANAGEMENT, LLC PERFORMS DUTIES COMMONLY PERFORMED BY THE EXECUTIVE DIRECTOR AND STAFF OF A NON-PROFIT ASSOCIATION. THE ORGANIZATION'S COUNCIL OF REGENTS HAS ULTIMATE CONTROL OVER THE MANAGEMENT OF THE ORGANIZATION'S AFFAIRS. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED THE BY-LAWS, EFFECTIVE 1/1/20, WHICH INCLUDED LANGUAGE CHANGING GOVERNANCE AS FOLLOWS: THE ABVP IS GOVERNED BY A BOARD OF DIRECTORS (BOD) AND THE COUNCIL OF REGENTS (COR). THE COR IS COMPOSED OF ONE (1) REGENT FROM EACH RVS, ONE (1) REGENT-AT-LARGE FROM EACH RVS WITH AT LEAST TWO HUNDRED (200) ACTIVE DIPLOMATES IN GOOD STANDING, AND THE CHAIRS OF STANDING COMMITTEES. THE TERMS OF OFFICE BEGIN AT THE START OF THE FISCAL YEAR. THE COR DEVELOPS AND MAINTAINS POLICIES AND PROCEDURES ESTABLISHING ELIGIBILITY, CREDENTIALING, AND EXAMINATION PROCESSES FOR ABVP CERTIFICATION AND MAINTENANCE OF CERTIFICATION. THE COR REPORTS TO THE BOD. ALL COR MEMBERS WILL SIGN AND BE BOUND BY CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENTS. BOARD OF DIRECTORS (BOD). IN COMPLIANCE WITH APPLICABLE LAWS, THE BOD HAS BOTH BOARD OFFICERS (OFFICERS) AND BOARD MEMBERS (DIRECTORS). BOTH ARE RESPONSIBLE FOR DIRECTING THE OVERALL VISION AND MISSION OF THE ORGANIZATION. THE BOD OF THE ABVP IS COMPOSED OF THE FOLLOWING OFFICERS: PRESIDENT, PRESIDENT-ELECT, VICE PRESIDENT, IMMEDIATE PAST PRESIDENT, AND SECRETARY/TREASURER; AND THE FOLLOWING DIRECTORS: REGENT DIRECTOR AND COMMITTEE DIRECTOR. THE PRESIDENT SERVES AS CHAIR. THE BOD WILL OVERSEE AND MONITOR THE ABVP PROCESSES, COR ACTIVITY, COMMITTEE ACTIVITY, AND ACTIVITY WITHIN THE ABVP'S RVSS. THEY SERVE AS LIAISON BETWEEN THE ABVP MANAGEMENT STAFF AND THE ABVP VOLUNTEER LEADERSHIP. THE BOD MAY VOTE ON MATTERS THAT DO NOT INVOLVE CHANGES TO THE POLICY AND PROCEDURES MANUAL (P&P) OR BYLAWS. MATTERS INVOLVING LANGUAGE CHANGES TO THE P&P OR BYLAWS WILL BE VOTED ON JOINTLY BY THE BOD AND THE COR. ANY OFFICER OR DIRECTOR MAY ASK FOR ANY VOTE TO GO TO A JOINT VOTE OF THE BOD AND THE COR AS DEEMED NECESSARY. ALTHOUGH THE BOD MAY NOT MANAGE THE DAY-TO-DAY ACTIVITIES OF THE ORGANIZATION, THE OFFICERS AND DIRECTORS ACT AS STEWARDS AND HAVE CERTAIN FIDUCIARY RESPONSIBILITIES UNDER APPLICABLE LAW. SPECIFICALLY, THE BOD HAS THE DUTIES OF ACTING IN GOOD FAITH/OBEDIENCE, LOYALTY AND CARE. ALL BOARD MEMBERS WILL SIGN AND BE BOUND BY CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENTS. |
| FORM 990, PART VI, SECTION A, LINE 6 | ACTIVE AND EMERITUS MEMBERS OR "DIPLOMATES" IN GOOD STANDING ELECT MEMBERS OF THE GOVERNING BOARD OR COUNCIL OF REGENTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | WHEN A POSITION ON THE COUNCIL OF REGENTS BECOMES VACANT, NOMINATIONS ARE SUBMITTED BY THE MEMBERSHIP. A NOMINATION IS MADE IN WRITING BY A MINIMUM OF TWO (2) DIPLOMATES IN GOOD STANDING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE TREASURER OF THE ORGANIZATION AND THE SENIOR VICE PRESIDENT OF FINANCE OF THE MANAGEMENT AGENCY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
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