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 B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA. THE FORM 990 IS THEN REVIEWED BY THE BUSINESS MANAGER AND BOARD OF DIRECTORS PRIOR TO SUBMITTING TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BUSINESS MANAGER AND OTHER STAFF ARE CHARGED WITH WATCHING FOR ANY VENDOR RELATIONSHIPS OR OTHER ACTIVITIES THAT WOULD QUALIFY AS OR HAVE THE APPEARANCE OF QUALIFYING AS A CONFLICT OF INTEREST. SHOULD THAT OCCUR, STAFF HAS THE RESPONSIBILITY TO BRING THE SITUATION TO THE ATTENTION OF THE BOARD OF DIRECTORS. EACH DIRECTOR, AS WELL, IS CHARGED WITH THE RESPONSIBILITY OF HIS/HER OWN ACTIVITIES AS WELL AS WATCHING FOR POTENTIAL CONFLICTS OF INTEREST AMONG OTHER BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE MANAGEMENT FEE IS NEGOTIATED BETWEEN THE BOARD OF DIRECTORS AND THE ASSOCIATION MANAGEMENT COMPANY ON AN ANNUAL BASIS. FACTORS TAKEN INTO CONSIDERATION IN THE NEGOTIATION PROCESS INCLUDE AMOUNT OF STAFF TIME SPENT PROVIDING SERVICES TO THE ORGANIZATION, PROJECTED ACTIVITIES AND PROJECTS FOR THE UPCOMING YEAR, AND A PERFORMANCE EVALUATION PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990, BOARD OF DIRECTOR MEETING MINUTES, AND POLICIES ARE ON FILE AT THE HEADQUARTERS OFFICE AND AVAILABLE FOR INSPECTION AT ANY TIME. |
| FORM 990, PART IX, LINE 24E | MEMBER SERVICES 40,239. AANA RISE ABOVE CAMPAIGN 23,000. INVESTMENT ADVISORY FEES 5,166. CREDIT CARD FEES 3,923. ORGANIZATIONAL MEETINGS 1,000. FRIENDS OF AVANA 1,000. MISCELLANEOUS 736. CE BROKER 250. ANNUAL REPORT FEE 61. |
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