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: Ceased Conducting or Significant Changes To Services | In 2020, Chadux did not invest in enhanced response equipment. In previous years, it had continually updated and maintained its extensive equipment inventory to adequately prepare for any incident. This activity may be resumed in future years. |
| Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et | Directors are representative of member companies elected by memebership at large. |
| Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company | Alaska Maritime Prevention & Response Network was contracted to provide General Manager and Business Manager Support in 2020 under the supervision of the board of directors. |
| Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents | The organizational documents were amended to change from a membership-based organization to a subscription-based organization. |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | Members, and classes are differentiated by type of operations-Ships, Boats, Large Facility, Small Facility, Other. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | All classes have the same rights. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | All classes approve the annual budget increases and all voting rights are weighted depending on how much money a member pays Chadux over the past four quarters. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The form 990 is reviewed by the General Manager and General Counsel before being filed. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Yearly reviews are performed and acknowledgement is made in writing. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Wood and Associates was hired to evaluate positions, except the CEO (general manager) position, and determine compensation ranges. |
| Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees | Wood and Associates was hired to evaluate positions, except the CEO (general manager) position, and determine compensation ranges. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Conflict of interest is part of employee manual and available upon request.Bylaws and financial statements issued to Board annually and available to members upon request. |
| Part XI: Line 8: Prior Period Adjustment | In accordance with Accounting Standards Codification (ASC) Topic 330, inventory includes tangible personal property which is held for sale, in the course of production, or to be consumed in production. During fiscal year 2020 Alaska Chadux Corporation determined that its inventory balance at December 31, 2018 included $1,167,006 worth of items which did not meet the requirements to be reported as inventory under ASC topic 330. Consequently, a prior period adjustment was performed on fiscal year 2019 beginning balances to reduce inventory and net assets without donor restrictions by $1,167,006. |
| Software ID: | 20011551 |
| Software Version: | 2020v4.0 |