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 DRAFT FORM 990 IS FIRST CIRCULATED TO THE FINANCE DIRECTOR AND THE SECRETARY TREASURER FOR REVIEW. A REVISED VERSION (IF REVISED) IS THEN CIRCULATED TO THE PRESIDENT AND THE CHIEF ADMINISTRATIVE OFFICER FOR REVIEW. THE NEXT ITERATION (IF REVISED A SECOND TIME) IS THEN REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. ALL TRUSTEES ARE SENT THE FINAL 990 BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF TRUSTEES AND OFFICERS ARE ASKED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN AN ACKNOWLEDGEMENT OF RECEIPT OF THE POLICY. THEY ARE ALSO THEN ASKED TO FILL OUT A DISCLOSURE STATEMENT THAT ASKS ABOUT GENERAL COMPLIANCE, OTHER AFFILIATIONS, AND BUSINESS INTEREST THAT MAY CREATE A CONFLICT. IF A POTENTIAL CONFLICT IS IDENTIFIED, THE DISINTERESTED BOARD MEMBERS REVIEW THE CIRCUMSTANCES AND DETERMINE IF A CONFLICT EXISTS OR NOT. CORRECTIVE OR DISCIPLINARY ACTION MAY BE TAKEN BY THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 15 | DATA ON KEY EMPLOYEE COMPENSATION AT COMPARABLE ORGANIZATIONS IS COLLECTED AND REVIEWED BY THE BOARD'S COMPENSATION COMMITTEE IN APPROVING THE SALARIES OF KEY EMPLOYEES AS DEFINED BY THE IRS. THE COMMITTEE REPORTS BACK TO THE FULL BOARD WITH THEIR RECOMMENDATIONS AND THE FULL BOARD OF TRUSTEES VOTES TO ACCEPT THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST, POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE FOR THE PUBLIC UPON REQUEST. |
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