Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | ANNUAL CONFERENCE WAS HELD VIRTUALLY THIS YEAR DUE TO PANDEMIC-RELATED CONCERNS. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ASSOCIATION MADE TWO MAJOR CHANGES TO ITS BYLAWS. THERE WAS AN INCREASE IN THE NUMBER OF BOARD MEMBERS AND THERE WERE ADDITIONS TO THE MEMBERSHIP CATEGORIES DUE TO A MERGER WITH ASSOCIATION OF CREATIVE INDUSTRIES WITH NAMTA BEING THE SURVIVING ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS THAT HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THERE IS A NOMINATING COMMITTEE TO SELECT A SLATE OF DIRECTORS/OFFICERS. THIS SLATE IS PRESENTED TO THE MEMBERSHIP AT THE ANNUAL CONFERENCE AND TRADE SHOW FOR APPROVAL. HOWEVER, IF THE ANNUAL CONFERENCE AND TRADE SHOW DOES NOT OCCUR, THE SLATE IS SENT TO MEMBERS ELECTRONICALLY. |
| FORM 990, PART VI, SECTION A, LINE 7B | ANY ACTION APPROVING THE MERGER, DISSOLUTION, SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL ASSETS, OR DECLARATION OF VOLUNTARY BANKRUPTCY BY THE ASSOCIATION SHALL REQUIRE AN AFFIRMATIVE VOTE OF SEVEN OF THE MEMBERS OF THE BOARD OF DIRECTORS THEN IN OFFICE, AND ANY APPROVAL OF THE MEMBERS ENTITLED TO VOTE AS REQUIRED BY LAW. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND AUDIT COMMITTEE. WHEN THEY COMPLETE THEIR REVIEW, IT IS PRESENTED TO THE BOARD OF DIRECTORS AND APPROVED. IN ADDITION, THE BOARD RECEIVES A COPY OF THE FORM 990 IN THEIR ANNUAL BOARD PACKETS. |
| FORM 990, PART VI, SECTION B, LINE 12C | COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AT EACH MEETING OF THE BOARD OF DIRECTORS. IN THE EVENT OF A CONFLICT, THE BOARD MEMBER WOULD RECUSE THEMSELVES FROM THE DISCUSSION AND THE VOTE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS REVIEWED ANNUALLY AT THE FALL BOARD MEETING, TO BE EFFECTIVE AT THE BEGINNING OF THE NEXT FISCAL YEAR. HIS/HER PERFORMANCE IS BASED UPON THEIR EVALUATION AND THE EVALUATION OF EACH OFFICER. HIS/HER COMPENSATION IS BASED UPON LIKE ASSOCIATIONS IN NORTH CAROLINA. THE PROCESS IS DOCUMENTED BY THE PRESIDENT OF THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION'S FINANCIAL STATEMENTS, FORM 990, GOVERNING DOCUMENTS, POLICIES, AND PROCEDURES ARE AVAILABLE UPON REQUEST. THE ASSOCIATION'S STRATEGIC PLAN, PRIVACY POLICY AND BOARD OF DIRECTORS INFORMATION IS AVAILABLE ON THE ASSOCIATION'S WEBSITE. |
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