Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company | Armando Pereira is contracted through PVentures Group and is the President and manages AVCC's day to day activities. Armando directly reports to the Chairman of the Board. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | 3 classes of membership: Founder, Core and General. |
| Form 990, Part VI, Line 8: Explanation of No Contemporaneously Documentation of Meetings | No committee has the authority to act on behalf of the governing body. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The returns will be reviewed by the President and filed to IRS and FTB. The returns will then be stored in the company's archive for reference. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The President is an industry expert working through a contract reported annually on a 1099. Compensation was based on a statement of work mutually agreed and a negotiated hourly rate. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Bylaws, IPR policy, Conflict of Interest, Antitrust Compliance policy and membership agreement are all downloadable at our website. |
| Other Changes In Net Assets Or Fund Balances - Other Increases | Prior period adjustments = $517 |
| Software ID: | 20011551 |
| Software Version: | 2020v4.0 |