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 - BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC. STATE DIRECTOR LYNN FARRELL AND PAST PRESIDENT JUSTIN FARRELL AR MOTHER AND SON AND BOTH WORK FOR JOHN FARRELL REAL ESTATE. |
| FORM 990, PAGE 6, PART VI, LINE 3 | THE WHOLLY OWNED SUBSIDIARY, BAGNELL DAM MULTIPLE LISTING SERVICE, INC., PROVIDES ADMINISTRATIVE AND MANAGEMENT SERVICES TO THE PARENT. |
| FORM 990, PAGE 6, PART VI, LINE 6 | SIX CLASSES OF MEMBERS AS FOLLOWS: 1) REALTOR MEMBERS - WHICH INCLUDES INDIVIDUALS WHO, AS SOLE PROPRIETORS, PARTNERS, CORPORATE OFFICERS OR BRANCH OFFICE MANAGERS, ARE ACTIVELY ENGAGED IN THE REAL ESTATE PROFESSION; 2) INDIVIDUALS WHO ARE ENGAGED IN THE REAL ESTATE PROFESSION OTHER THAN AS A SOLE PROPRIETOR, PARTNER, CORPORATE OFFICER OR BRANCH MANAGER AND ARE ASSOCIATED WITH A REALTOR MEMBER; 3) CORPORATE OFFICER OF A REAL ESTATE BROKERAGE FRANCHISE ORGANIZATION WITH AT LEAST 150 FRANCHISES LOCATED IN THE USA, IT'S INSULAR POSSESSIONS AND COMMONWEALTH OF PEURTO RICO; 4) PRIMARY AND SECONDARY REALTOR MEMBERS - A PRIMARY MEMBER IS ONE FOR WHOM THE BOARD PAYS STATE AND NATIONAL DUES AND A SECONDARY MEMBER IS ONE FOR WHOM THE STATE AND NATIONAL DUES ARE REMITTED THROUGH ANOTHER BOARD; 5) DESIGNATED REALTOR MEMBER - EACH FIRM SHALL DESIGNATE IN WRITING ONE REALTOR MEMBER WHO SHALL BE RESPONSIBLE FOR ALL DUTIES AND OBLIGATIONS OF MEMBERSHIP. THE DESIGNATED REALTOR MUST BE A SOLE PROPRIETOR, PARTNER, CORPORATE OFFICER OR BRANCH MANAGER ACTING ON BEHALF OF THE FIRM'S PRINCIPAL; 6) THE CURRENT PRESIDENT OF THE MISSOURI ASSOCIATION OF REALTORS SHALL BE A MEMBER WITHOUT FURTHER PAYMENT OF DUES. THE BOARD ALSO RECOGNIZES THE FOLLOWING MEMBERSHIP CLASSIFICATIONS: INSTITUTE AFFILIATE MEMBERS - INDIVIDUALS WHO HOLD A PROFESSIONAL DESIGNATION BY AN INSTITUTE, SOCIETY OR COUNCIL AFFILIATED WITH THE NATIONAL ASSOCIATION OF REALTORS; AFFILIATE MEMBERS - REAL ESTATE OWNERS OR OTHER INDIVIDUALS WHO, WHILE NOT ENGAGED IN THE REAL ESTATE PROFESSION, HAVE INTERESTS REQUIRING INFORMATION CONCERNING REAL ESTATE; PUBLIC SERVICE MEMBERS - MEMBERS WHO ARE INTERESTED IN THE REAL ESTATE PROFESSION AS EMPLOYEES OF, OR AFFILIATION WITH, EDUCATIONAL, PUBLIC UTILITY, GOVERNMENTAL OR OTHER SIMILAR ORGANIZATIONS; HONORARY MEMBERS - INDIVIDUALS NOT INGAGED IN THE REAL ESTATE PROFESSION WHO HAVE PERFORMED NOTABLE SERVICE FOR THE REAL ESTATE PROFESSION. |
| FORM 990, PAGE 6, PART VI, LINE 7A | REALTOR MEMBERS, WHETHER PRIMARY OR SECONDARY, IN GOOD STANDING SHALL BE ENTITLED TO VOTE AND TO HOLD ELECTIVE OFFICE. ELECTION OF OFFICERS AND DIRECTORS SHALL TAKE PLACE AT THE ANNUAL MEETING. BALLOTS ARE TRANSMITTED TO EACH MEMBER ELIGIBLE TO VOTE. MEMBERS ARE TO CAST VOTES IN PERSON AT THE ANNUAL MEETING. |
| FORM 990, PAGE 6, PART VI, LINE 7B | BYLAWS MAY BE AMENDED BY A MAJORITY VOTE OF THE MEMBERS PRESENT AND QUALIFIED TO VOTE AT ANY MEETING AT WHICH A QUORUM IS PRESENT. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE RETURN IS PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND APPROVAL PRIOR TO SUBMITTING THE FORM TO THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE EXECUTIVE VICE PRESIDENT WILL DISTRIBUTE THE CONFLICT OF INTEREST POLICY AND THE DISCLOSURE OF INTEREST STATEMENT FORM TO EACH DIRECTOR, OFFICER AND KEY EMPLOYEE ON AN ANNUAL BASIS. THE EXECUTIVE VICE PRESIDENT WILL REVIEW ALL DISCLOSURE STATEMENTS TO IDENTIFY RELATIONSHIPS OR SITUATIONS THAT WARRANT INQUIRY FOR ADDITIONAL INFORMATION TO SAFEGUARD THE INTEREST OF THE ORGANIZATION AND TO MITIGATE ANY POSSIBLE CONFLICTS. ANY FINDINGS SHALL BE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR CONSULTAION BEFORE IMPLEMENTING RECOMMENDED ACTIONS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE GOVERNING DOCUMENTS ARE POSTED ON THE ASSOCIATION WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | MISCELLANEOUS 5,373 454 0 STATEWIDE PROF STANDARDS 5,720 0 0 FED INCOME TAXES 0 4,656 0 BANK CHARGES 3,837 0 0 YPN EXPENSE 2,150 0 0 REALTOR RELIEF EXPENSE 2,000 0 0 EXECUTIVE OFFICER EXPENSE 1,559 0 0 MO TAXES 0 918 0 COMMUNITY SUPPORT 855 0 0 TAXES AND LICENSES 760 0 0 DUES AND SUBSCRIPTIONS 758 0 0 TOTAL 23,012 6,028 0 |
| FORM 990, PART XI, LINE 9 | BOOK / TAX DEPRECIATION DIFFERENCE 11,048 |
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