Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Officer directors etc family relationship Part VI line 2 | The AIF Board is a large board of 60 voting members who all have the common interest of creating economic growth in the area. It is inherent in the size of the community (117,000) that there will be business or family relationships. Grady and Jim Barr-family and business relationship;Scott Senter and Bill Senter-family and business relationship; Ron Butler, Marelyn Shedd, and Scott Dueser-business relationship; Joe Ed Cannon and Larry Gill-business relationship; Brian Bessent, Brad Holland, and Norm Archibald-business relationship; Bill Noonan and Jimmy Tittle-business relationship. |
| Management duties delegation Part VI line 3 | The fiduciary responsibilities of the Abilene Industrial Foundation (AIF) have been outsourced to Abilene Chamber of Commerce (ACOC). All employees of the AIF are paid by ACOC and their payroll taxes and W-2s are issued under ACOCs EIN (75-0101260). |
| Form 990 governing body review Part VI line 11 | The Executive Committee of the Board of Directors authorized the officers of the organization to review and approve the Form 990 before submission to the Internal Revenue Service. |
| Form 990 availability to public Part VI line 18 | Governing documents, conflict of interest policies, the Form 990, and financial statements of the Abilene Industrial Foundation will be provided upon request. Requests are referred to the Vice President of Administration for the Abilene Chamber of Commerce. |
| Governing documents etc available to public Part VI line 19 | Governing documents, conflict of interest policies, the Form 990, and financial statements of the Abilene Industrial Foundation will be provided upon request. Requests are referred to the Vice President of Administration for the Chamber of Commerce. |
| General explanation attachment | Part VI, Section A - Governing Body and ManagementUnder the by-laws of the AIF, the Executive Committee acts for and on behalf of the Board of Directors when the Board is not in session, but is accountable to the Board for its actions. The Executive Committee is comprised of the officers of the organization. Generally, the Board meets 10 times per year and the Executive Committee meets as needed during the year. |
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