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 A, LINE 3 | KYANA OUTSOURCES MANAGEMENT AND OPERATIONAL FUNCTIONS TO AMR MANAGEMENT SERVICES. A FULL SERVICE ASSOCIATION MANAGEMENT COMPANY ACCREDITED BY THE AMC INSTITUTE. |
| FORM 990, PART VI, SECTION A, LINE 6 | KYANA IS A NON-STOCK, NON-PROFIT ASSOCIATION WITH DUES PAYING MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | KYANA HOLDS AN ANNUAL ELECTION PROCESS WHEREBY MEMBERS OF THE ASSOCIATION ARE NOMINATED BY THEIR PEERS OR CAN NOMINATE THEMSELVES TO SERVE ON THE GOVERNING BOARD. NOMINEES ARE VOTED ON AND ELECTED TO THE GOVERNING BODY BY THE MEMBERSHIP AT THE ANNUAL BUSINESS MEETING OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | KYANA'S BYLAWS DEFINE DECISIONS WHICH REQUIRE APPROVAL BY MEMBERS. MEMBERS MAY APPROVE THESE DECISIONS IN PERSON AT THE ANNUAL BUSINESS MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | AN ELECTRONIC COPY OF THE FORM 990 IS PROVIDED TO EACH VOTING MEMBER OF THE GOVERNING BODY TWO WEEKS PRIOR TO THE FILING OF THE RETURN. UPON TAX PREPARER COMPLETION OF THE IRS FORM 990, THE FORM AND ACCOMPANYING SCHEDULES WILL FIRST BE REVIEWED BY THE ASSOCIATION'S MANAGEMENT COMPANY'S PRESIDENT AND CONTROLLER. A 2-WEEK OPEN TIME FRAME WILL BE PROVIDED FOR GOVERNING BODY COMMENTS OR QUESTIONS. FOLLOWING THE OPEN TIME FRAME FOR GOVERNING BODY COMMENTS OR QUESTIONS, AND FOLLOWING THE RESOLUTION OF ANY QUESTIONS OR OTHER MATTERS THAT HAVE ARISEN, THE FORM 990 AND ACCOMPANYING SCHEDULES WILL BE PROVIDED BY THE ASSOCIATION DIRECTOR TO A DESIGNATED ASSOCIATION OFFICER (TREASURER OR PRESIDENT) FOR FINAL AUTHORIZING SIGNATURE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, ALL INTERESTED PERSONS SHALL BE PROVIDED WITH A COPY OF THE CONFLICT OF INTEREST POLICY AND BE REQUIRED TO COMPLETE AND SIGN AN ACKNOWLEDGEMENT AND DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION C, LINE 19 | POSTED TO KYANA'S WEBSITE IS AN ACKNOWLEDGEMENT OF KYANA'S COMPLIANCE WITH THE IRS CODE FOR PUBLIC INSPECTION REQUIREMENTS, WITH INSTRUCTIONS FOR CONTACTING THE ORGANIZATION'S HEADQUARTERS TO REQUESET FORM 1124, FORM 990, GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS. |
| FORM 990, PART XII, LINE 1: | IN 2021, THE ORGANIZATION'S FINANCIAL STATEMENTS WERE REVIEWED BY AN INDEPENDENT ACCOUNTANT ON THE ACCRUAL BASIS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE ACCOUNTING METHOD USED TO PREPARE THE 990 WAS CHANGED FROM CASH TO ACCRUAL IN 2021 TO BE CONSISTENT WITH THE ORGANIZATION'S BOOKS AND RECORDS USED TO PREPARE THE FINANCIAL STATEMENTS. |
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