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 2 | THE EIC ADVANCE PROGRAM BEGAN IN 2020, SEE PROGRAM DESCRIPTION ON PAGE 2 OF THE FORM 990. |
| FORM 990, PART III, LINE 3 | THE CMP CONCLAVE PROGRAM WAS TRANSITIONED INTO THE EIC ADVANCE IN 2020. |
| FORM 990, PART VI, SECTION A, LINE 1 | BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, DECISIONS REGARDING THE DAY-TO-DAY AFFAIRS OF THE CORPORATION MAY BE MADE BY AN EXECUTIVE COMMITTEE, THE MEMBERSHIP OF WHICH SHALL CONSIST OF THE CHAIR, CHAIR-ELECT, AND IMMEDIATE PAST CHAIR. THE EXECUTIVE COMMITTEE IS AUTHORIZED TO ACT FOR THE BOARD, EXCEPT THAT IT MAY NOT AMEND OR REPEAL THESE BYLAWS; ELECT OR REMOVE ANY OFFICER OR DIRECTOR; ADOPT A PLAN OF MERGER; OR AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE CORPORATION. THE EXECUTIVE COMMITTEE SHALL REPORT ITS KEY DECISIONS TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE COUNCIL ENTERED INTO AN AGREEMENT FOR MANAGEMENT SERVICES WITH SMITHBUCKLIN CORPORATION ("SMITHBUCKLIN") EFFECTIVE APRIL 1, 2017, WHICH WAS ABLE TO BE TERMINATED WITH 180 DAYS NOTICE GIVEN BY EITHER PARTY. IN 2020, THE COUNCIL NOTIFIED SMITHBUCKLIN THAT IT WOULD BE TERMINATING THE AGREEMENT, WHICH ENDED EFFECTIVELY IN NOVEMBER 2020. THE COUNCIL ENTERED INTO AN AGREEMENT FOR MANAGEMENT SERVICES WITH BOSTROM CORPORATION ("BOSTROM") EFFECTIVE NOVEMBER 22, 2020, WHICH MAY BE TERMINATED WITH 180 DAYS NOTICE GIVEN BY EITHER PARTY. UNDER THE TERMS OF THIS CONTRACT, EIC MAKES PAYMENTS TO BOSTROM WHICH COVER STAFF SALARIES AND OTHER OVERHEAD EXPENSES. THE FEES INCURRED BY EIC DURING THE YEAR ENDED DECEMBER 31, 2020 WERE $1,369,292 WHICH WERE BROKEN DOWN AS FOLLOWS: EXECUTIVE MANAGEMENT $576,710, MEMBERSHIP AND OPERATIONS $290,763, EVENT SERVICES $98,598, EDUCATION AND LEARNING SERVICES $263,736, FINANCIAL MANAGEMENT AND ACCOUNTING SERVICES $44,208, INFORMATION TECHNOLOGY SERVICES $12,553, AND MARKETING AND COMMUNICATION $82,724. SMITHBUCKLIN AND BOSTROM'S PERFORMANCE UNDER THESE AGREEMENTS IS MONITORED BY THE BOARD OF EIC. |
| FORM 990, PART VI, SECTION A, LINE 6 | EIC HAS MEMBERS WHO ARE ORGANIZATIONS THAT HAVE OBJECTIVES AND PURPOSES CONSISTENT WITH THOSE OF EIC AND MEET THE CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS AND THE BY-LAWS. |
| FORM 990, PART VI, SECTION A, LINE 7A | REPRESENTATIVES FROM THE MEMBER ORGANIZATIONS VOTE FOR NOMINATED INDIVIDUALS FOR THE GOVERNING BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS OF THE COUNCIL OR PROPERLY APPOINTED ALTERNATES SHALL HAVE THE AUTHORITY TO REPRESENT AND DECIDE ISSUES ON BEHALF OF THEIR MEMBER ORGANIZATIONS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS INITIALLY REVIEWED BY THE FINANCE DEPARTMENT. IT IS THEN SENT TO THE PRESIDENT/CEO FOR REVIEW BEFORE IT IS SIGNED AND FILED WITH THE IRS. A COPY OF THE 990 IS PROVIDED TO THE FINANCE AND AUDIT COMMITTEE BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. THE BOARD CONDUCTS PERIODIC REVIEWS OF THESE STATEMENTS TO MONITOR AND ENFORCE COMPLIANCE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COUNCIL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL FEES-EXAM COSTS 212,566. OTHER PROFESSIONAL FEES 115,627. |
| PART XII, LINE 2C: | THE COUNCIL DID NOT CHANGE ITS AUDIT OVERSIGHT PROCESS OR SELECTION OF AN INDEPENDENT AUDITOR PROCESS DURING THE TAX YEAR. |
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