Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | ON MARCH 11, 2020, THE WORLD HEALTH ORGANIZATION DECLARED THE OUTBREAK OF A RESPIRATORY DISEASE CAUSED BY A NEW CORONAVIRUS A PANDEMIC. FIRST IDENTIFIED IN LATE 2019 AND NOW KNOWN AS COVID-19, THE OUTBREAK HAS IMPACTED MILLIONS OF INDIVIDUALS WORLDWIDE. IN RESPONSE, MANY COUNTRIES HAVE IMPLEMENTED MEASURES TO COMBAT THE OUTBREAK THAT HAVE IMPACTED GLOBAL BUSINESS OPERATIONS. THE ASSOCIATION RESPONDED QUICKLY TO THE EMERGING PANDEMIC AND TOOK SWIFT ACTION TO MINIMIZE THE IMPACT ON THE HOUSEWARES INDUSTRY AND THE ASSOCIATION. THE MARCH 2020 TRADESHOW AND IN-PERSON EVENTS WERE CANCELED. THE ASSOCIATION TOOK IMMEDIATE ACTION TO REDUCE COSTS, MANAGE VENDOR RELATIONS, AND WORK WITH ITS CUSTOMERS TO COMMUNICATE PLANS FOR THE FUTURE. THE ASSOCIATION IS CURRENTLY PLANNING THE NEXT TRADESHOW WHICH WILL BE HELD IN MARCH, 2022. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS A GLOBAL MEMBERSHIP, COMPRISED MOSTLY OF COMPANIES THAT ARE MANUFACTURERS, SUPPLIERS OR DISTRIBUTORS OF CONSUMER HOME & HOUSEWARES PRODUCTS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ANY MEMBER IN GOOD STANDING MAY SUBMIT THEIR NAME TO BE CONSIDERED FOR THE BOARD OF DIRECTORS. CANDIDATES SUBMIT APPLICATIONS TO THE NOMINATING COMMITTEE FOR CONSIDERATION. THE NOMINATING COMMITTEE REDUCES THE LIST TO VIABLE CANDIDATES. THE VIABLE CANDIDATES ARE FURTHER EVALUATED BASED ON THEIR APPLICATION AND A PERSONAL INTERVIEW. THE SLATE OF POTENTIAL NEW BOARD MEMBERS IS THEN PRESENTED TO THE ENTIRE BOARD FOR DISCUSSION AND APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FROM 990. MANAGEMENT REVIEWS THE COMPLETED 990 & PROVIDES A FULL COPY TO THE CHAIRMAN AND TREASURER FOR REVIEW PRIOR TO FILING. THE CHAIRMAN AND TREASURER ARE PROVIDED THE OPPORTUNITY TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH THE VP OF FINANCE AND REVIEWED WITH THE CEO AND EXTERNAL AUDITORS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE REVIEWS THE CEO'S PERFORMANCE AS MEASURED BY PRE-APPROVED GOALS. AFTER REVIEWING THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS, COMPENSATION IS DETERMINED BY THE COMMITTEE USING AT LEAST THREE DIFFERENT COMPENSATION STUDIES FOR COMPARABLE POSITIONS AT NON-PROFIT ORGANIZATIONS. THE LAST COMPARISON OF COMPARABLE COMPENSATION WAS PERFORMED IN SEPTEMBER 2020. THE CEO EVALUATES THE JOB PERFORMANCE OF KEY EMPLOYEES BASED ON JOB RESPONSIBILITIES AND GOAL ACHIEVEMENT. COMPENSATION IS DETERMINED BY THE CEO AND REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. IN ESTABLISHING COMPENSATION LEVELS, THE CEO REVIEWS INDEPENDENT, COMPARABLE DATA OF OTHER NON-PROFIT ORGANIZATIONS. IN ADDITION, EVERY FIVE TO TEN YEARS AN OUTSIDE CONSULTANT PERFORMS A MARKET EVALUATION OF COMPARABLE COMPENSATION LEVELS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS & STATEMENTS AVAILABLE TO THE PUBLIC. UPON REQUEST, THE FORM 990 IS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VII, SECTION A, LINE 1: | THE FORMER PRESIDENT'S COMPENSATION THAT IS BEING REPORTED FOR CALENDAR YEAR 2019 INCLUDES DEFERRED COMPENSATION/SEVERANCE COMPENSATION OF $799,909 WHICH WAS ACCRUED RATABLY OVER 13 YEARS OF SERVICE. SEE SCHEDULE J EXPLANATION. THE 2019 COMPENSATION ALSO INCLUDES $250,000 PER A CONSULTING AGREEMENT WITH THE FORMER PRESIDENT TO ASSIST WITH THE TRANSITION OF EXECUTIVE LEADERSHIP, STRATEGIC INITIATIVES, PLANNING AND SUPPORT OF THE ASSOCIATION. |
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