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 A, LINE 2 | - PATRICK OLSON & ANDREW CORTES - FAMILY RELATIONSHIP - ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION ALSO SERVE AS OFFICERS AND DIRECTORS OF AUSTIN YMBL SUNSHINE CAMP (A RELATED ORGANIZATION). |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING THE YEAR THE ORGANIZATION AMENDED ITS BYLAWS TO: - UPDATE MEMBERSHIP REQUIREMENTS; - ESTABLISH STANDING COMMITTEES AT THE DISCRETION OF THE BOARD; - REMOVE THE BUDGETARY PROCESS OF AUSTIN YMBL SUNSHINE CAMPS. |
| FORM 990, PART VI, SECTION A, LINE 6 | YOUNG MEN'S BUSINESS LEAGUE OF AUSTIN HAS MEMBERS. MEMBERS ARE REQUIRED TO PAY ANNUAL DUES, SOLICT AND COLLECT DONATIONS FOR THE AUSTIN SUNSHINE CAMPS, AND SUPPORT THE SAME. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE OUTGOING PRESIDENT, THE INCOMING PRESIDENT, AND THE IMMEDIATE PAST PRESIDENT SHALL FORM A NOMINATING COMMITTEE TO NOMINATE A PRESIDENT-ELECT. THE INCOMING PRESIDENT SHALL NOMINATE ALL OTHER OFFICERS AND NON-VOTING MEMBERS. OFFICERS AND DIRECTORS SHALL BE NOMINATED BY THE PRESIDENT-ELECT. THE MEMBERS ELIGIBLE FOR ELECTION SHALL BE THOSE NOMINATED BY THE INCOMING PRESIDENT AND APPROVED BY A TWO-THIRDS VOTE OF THE NOMINATING COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT TAX RETURN IS REVIEWED BY THE EXECUTIVE COMMITTEE WITH THE PREPARING CPA. THE FINAL TAX RETURN IS SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: - WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING - WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORM TO THE ORGANIZATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSABLE PRIVATE BENEFIT OR IN AN EXCESS BENEFIT TRANSACTION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE ORGANIZATION. |
| FORM 990, PAGE 12, PART XII, LINE 1 | MODIFIED CASH IS THE ACCOUNTING METHOD USED TO PREPARE THE FORM 990. |
| Software ID: | |
| Software Version: |