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 2 | THERE ARE THREE GROUPS OF DIRECTORS THAT WORK AT THE SAME FIRM - PAMELA SCHNEIDER, STACEY SANDERS, AND ROE MCCABE - BUSINESS RELATIONSHIP. ALLEN ROSEN AND SUSAN MIDDENDORF - BUSINESS RELATIONSHIP. ELIZABETH SMITH AND PATRICE TENBROEK - BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS TWO BASIC CLASSES OF MEMBERS - REALTORS, WHO HAVE A FULL VOTE IN ELECTING THE GOVERNING BODY, AND AFFILIATES, WHO VOTE ONLY FOR THEIR SINGLE REPRESENTATIVE ON THE GOVERNING BODY. NO MORE THAN FOUR MEMBERS WHO BELONG TO THE SAME FRANCHISE OR INDEPENDENT FIRM CAN BE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS TWO BASIC CLASSES OF MEMBERS - REALTORS, WHO HAVE A FULL VOTE IN ELECTING THE GOVERNING BODY, AND AFFILIATES, WHO VOTE ONLY FOR THEIR SINGLE REPRESENTATIVE ON THE GOVERNING BODY. NO MORE THAN FOUR MEMBERS WHO BELONG TO THE SAME FRANCHISE OR INDEPENDENT FIRM CAN BE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ORGANIZATION HAS TWO BASIC CLASSES OF MEMBERS - REALTORS, WHO HAVE A FULL VOTE IN ELECTING THE GOVERNING BODY, AND AFFILIATES, WHO VOTE ONLY FOR THEIR SINGLE REPRESENTATIVE ON THE GOVERNING BODY. NO MORE THAN FOUR MEMBERS WHO BELONG TO THE SAME FRANCHISE OR INDEPENDENT FIRM CAN BE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | COPIES OF THE FORM 990 WERE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. THE FORM WAS ALSO REVIEWED BY THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR AT THE ORGANIZATIONAL MEETING OF THE BOARD OF DIRECTORS, EACH DIRECTOR IS REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE BOARD OF DIRECTORS AND EXECUTIVE COMMITTEE REVIEW FINANCIAL DATA EACH MONTH AND ALL MAJOR FINANCIAL TRANSACTIONS TO ENSURE THE CONFLICT OF INTEREST DISCLOSURE POLICY IS BEING ENFORCED. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS DETERMINED BY THE EXECUTIVE COMMITTEE AND PUT IN WRITING VIA A CONTRACT. THE EXECUTIVE COMMITTEE USES ITS OWN BUSINESS KNOWLEDGE AND RESEARCH SKILLS TO PARTIALLY DETERMINE FAIR MARKET VALUE AND COMPENSATION AMOUNTS. IN ADDITION, A CONSULTING FIRM THAT IS AN EXPERT IN THE FIELD OF RECRUITING CHIEF EXECUTIVE OFFICERS WAS CONSULTED, ALONG WITH LEGAL COUNSEL WHEN THE CONTRACT FOR THE CURRENT CHIEF EXECUTIVE OFFICER WAS PREPARED. MEMBERS OF THE EXECUTIVE COMMITTEE ALSO GAIN KNOWLEDGE OF COMPENSATION LEVELS BY ATTENDING NATIONAL AND REGIONAL INDUSTRY CONFERENCES. THE CHIEF EXECUTIVE OFFICER DETERMINES COMPENSATION FOR KEY MANAGEMENT EMPLOYEES BASED ON BUDGETED AMOUNTS AVAILABLE (THE BUDGET IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS) AND PREVAILING MARKET CONDITIONS. THE CHIEF EXECUTIVE OFFICER ALSO ATTENDS NATIONAL AND REGIONAL CONFERENCES WITH HIS PEERS (HEADS OF SIMILAR ORGANIZATIONS) AND GAINS KNOWLEDGE OF COMPENSATION LEVELS FOR SIMILAR MANAGEMENT POSITIONS. PERIODICALLY, THE CHIEF EXECUTIVE OFFICER ALSO COMPARES COMPENSATION TO NATIONAL SURVEY DATA FOR KEY STAFF. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS OF THE ORGANIZATION ARE AVAILABLE TO THE PUBLIC UPON REQUEST AND ON THE ORGANIZATION'S WEB SITE. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | INCOME FROM WHOLLY-OWNED SUBSIDIARY 39,929. |
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