Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Part VI, Line 6 | All members organizations as members not individuals have the same voting rights. There is no difference between various organizations that are members of ILPA. There are no stockholders as the association is a not-for-profit. |
| Part VI, Line 7a | Class of the person Nature of their Rights members voting rights |
| Part VI, Line 7b | Class of the person: Decisions that require their approval Nature of their rights: members voting on board nominees voting board of directors. |
| Part VI, Line 11b | Form 990 is prepared and reviewed by the Finance department. |
| Part VI, Line 12c | Board of Directors meetings are held four times a year and once a year evaluation of each board Director is reviewed and assessed. Executive committee would be informed of any misconduct and would need to review and evaluate the situation. At this time we had no reported wrongdoing from the board level or the employees level. |
| Part VI, Line 15 | Name of the person| The process used to establish compensation of the person who served in| The year in which this process was last undertaken| Steven Nelson Governance and compensation Committee meets to discuss the progress of CEO any severance pay when exit is being discussed annual metrics and set compensation for the following year committee presents its recommendation to the full Board of Directors for approval . Increase in compensation are based on full comparison of similarly qualifies person in functionally comparable position 2020| Managing Directors compensation for any managing directors is reviewed by CEO on annual basis and measured against annual performance metrics CEO recommends any adjustments to the compensation to the Chair of the compensation Committee for review and final decision 2020| |
| Part VI, Line 19 | All are available upon request by the membership community of the association and any financial institution or any other third party that required such documentation or information. |
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