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 B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND/OR TREASURER PRIOR TO SUBMITTING TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE EXECUTIVE DIRECTOR AND OTHER STAFF ARE CHARGED WITH WATCHING FOR ANY VENDOR RELATIONSHIPS OR OTHER ACTIVITIES THAT WOULD QUALIFY OR HAVE THE APPEARANCE OF QUALIFYING AS A CONFILCE OF INTEREST. SHOULD THAT OCCUR, STAFF HAS THE RESPONSIBILITY TO BRING THE SITUATION TO THE ATTENTION OF THE BOARD OF DIRECTORS. EACH DIRECTOR, AS WELL, IS CHARGED WITH THE RESPONSIBILITY OF HIS/HER OWN ACTIVITIES AS WELL AS WATCHING FOR POTENTIAL CONFLICTS OF INTEREST AMONG OTHER BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE MANAGEMENT FEE IS NEGOTIATED BETWEEN THE BOARD OF DIRECTORS AND THE ASSOCIATION MANAGEMENT COMPANY ON AN ANNUAL BASIS. FACTORS TAKEN INTO CONSIDERATION IN THE NEGOTIATION PROCESS INCLUDE AMOUNT OF STAFF TIME SPENT PROVIDING SERVICES TO THE ORGANIZATION, PROJECTED ACIVITIES AND PROJECTS FOR THE UPCOMING YEAR, AND A PERFORMANCE EVALUATION PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE STAR 990, BOARD OF DIRECTOR MEETING MINUTES, AND POLICIES ARE ON FILE AT THE HEADQUARTERS OFFICE AND AVAILABLE FOR INSPECTION AT ANY TIME. |
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