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 2: Description of Business or Family Relationship of Officers, Directors, Et | Scott Shelford, Mike Shelford and Rick Shelford - family relationshipJohn Boggs and Mary Boggs - family relationshipMichael Burns and Patrick Burns - family relationshipMichael Burns and Patrick Burns - business relationship |
| Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder | The Association has one class of members - regular members with voting rights. |
| Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body | Regular Members of the association are voting members with the right to vote for the election of Directors. |
| Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders | Regular Members may be required to approve significant decisions of the Board of Directors. For example, the Board of Directors will not approve any alteration, amendment or repeal of the Bylaws of the Association that would adversely impact the rights of any class of members unless they have first received approval of two-thirds of the members of such class. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | The board president and treasurer review the Form 990 before filing. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Whenever there is reason to believe that a potential conflict of interest exists between the Freezer Longline Coalition and its Board members or directors, the Board shall determine the appropriate response. The designated reviewing official has a responsibility to bring a potential conflict of interest to the attention of the Board for action at the next regular meeting of the Board or during a special meeting called specifically to review the potential conflict of interest. The Freezer Longline Coalition shall refrain from acting until such time as the proposed action, policy, or transaction has been approved by the disinterested members of the Board. Whenever there is reason to believe that a potential conflict of interest exists between the Freezer Longline Coalition and an employee, the Manager shall determine the appropriate response. The Manager shall report to the Board President the results of any review and the action taken. The President shall determine whether any further Board review or action is required.In addition, Board members and the Manager complete an Affirmation of Compliance form when they join the Board or staff and annually thereafter. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The compensation of the executive director was initially determined through negotiations between the ED and a compensation committee made up of Board members. The ED's compensation is reviewed annually as part of the budgeting process. Any bonus compensation is determined in an executive session without the ED being present. The Board has hired an independent third-party compensation consultant to advise and determine the ED's compensation package in future years. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | Governing documents, policies and financial statements are available upon request. |
| Software ID: | 20011551 |
| Software Version: | 2020v4.0 |