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 1 | THE EXECUTIVE COMMITTEE CONSISTS OF SEVEN (7) MEMBERS: THE BOARD CHAIR, THE VICE CHAIR, SECRETARY, TREASURER, PAST CHAIR (IMMEDIATE), AND TWO (2) AT LARGE MEMBERS. DUTIES WILL BE TO ACT ON MATTERS BROUGHT BEFORE THE EXECUTIVE COMMITTEE BY THE BOARD CHAIR AND TO MAKE POLICY RECOMMENDATIONS IN ADDITION TO SUGGESTING AGENDA ITEMS TO THE BOARD CHAIR. ACTIONS OF THIS COMMITTEE ARE SUBJECT TO RATIFICATION BY THE BOARD. IN EARLY 2020, A NEW COMMITTEE (MANAGEMENT COUNCIL) WAS ESTABLISHED TO ASSIST THE EXECUTIVE COMMITTEE WITH GOVERNANCE RESPONSIBILITIES. |
| FORM 990, PART VI, SECTION A, LINE 2 | JASON BARNEY, DIRECTOR, IS BROTHER TO DENNY BARNEY, THE PRESIDENT AND CEO OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS CORPORATE CHAMPIONS, CORPORATE PARTNERS, ASSOCIATE PARTNERS, MUNICIPAL, NONPROFIT AND INDIVIDUAL MEMBERS BASED ON A MEMBERSHIP DUES STRUCTURE; THERE ARE NO STOCKHOLDERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION'S PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE THE DRAFT IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT AND EXECUTIVE COMMITTEE AND ANY CHANGES INCORPORATED INTO THE FILING. ONCE THIS DETAILED REVIEW IS COMPLETE, THE DRAFT OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND COMMENTS PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EVP HAS ADOPTED A CODE OF ETHICS AND CONFLICT OF INTEREST POLICY TO GIVE GUIDANCE TO ITS DIRECTORS, OFFICERS, AND EMPLOYEES. EVP'S POLICY IS TO CONDUCT ITS ACTIVITIES IN ACCORDANCE WITH THE HIGHEST STANDARDS AND TO AVOID EVEN THE APPEARANCE OF IMPROPRIETY. FURTHER INFORMATION ON RESTRICTIONS, DETERMINATION AND CONFLICTS CAN BE REVIEWED IN THE FULL POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS REVIEWED ANNUALLY BY MEMBERS OF THE AUDIT/FINANCE/EXECUTIVE COMMITTEE DURING MEETING(S) TO DETERMINE BUDGET FOR THE UPCOMING YEAR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PUBLIC RELATIONS 73,226. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION HAS ADOPTED A POLICY OF PREPARING ITS FINANCIAL STATEMENTS ON THE MODIFIED CASH BASIS OF ACCOUNTING WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. UNDER THE CASH BASIS OF ACCOUNTING, ONLY CASH TRANSACTIONS ARE RECOGNIZED IN REVENUES AND EXPENSES. MODIFICATIONS TO THE CASH BASIS OF ACCOUNTING INCLUDE THE ACCOUNTING FOR IN-KIND SERVICES BETWEEN MEMBERS. THE IN-KIND SERVICES INCLUDE PRINTING AND DISTRIBUTION OF PROMOTIONAL MATERIALS AND TRAVEL SERVICES THAT THE ORGANIZATION RECORDS AS PREPAID EXPENSES AND REVENUE AT THE ESTIMATED FAIR MARKET VALUE WHEN THE MEMBERS RENEW THEIR ANNUAL MEMBERSHIP UNTIL THE TIME THAT THE SERVICES ARE USED. |
| FORM 990, PART XII, LINE 2C: | THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR. |
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