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 6 | EACH MEMBER IN MEMBERSHIP CLASSIFICATIONS ENTITLED TO VOTE SHALL HAVE ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE BY THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL FOUNDING SPONSORS WHO MAINTAIN THEIR MEMBERSHIP IN GOOD STANDING SHALL BE ENTITLED AT ALL TIMES TO HAVE AND APPOINT ONE (1) REPRESENTATIVE TO THE BOARD OF DIRECTORS; UP TO ONE-HALF (1/2), BUT NOT MORE THAN FOUR (4) PLATINUM SPONSORS SHALL BE ENTITLED TO HAVE AND APPOINT ONE (1) REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR A TERM EXPIRING AT THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. THEREAFTER, AT EACH SUBSEQUENT ANNUAL MEETING OF THE BOARD OF DIRECTORS, PLATINUM SPONSORS WHO HAVE NOT HAD A REPRESENTATIVE ON THE BOARD OF DIRECTORS DURING THE PRIOR TERM SHALL BE ENTITLED TO HAVE AND APPOINT ONE (1) REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR A TERM EXPIRING AT THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. SUBJECT TO MINOR ADJUSTMENTS BY THE BOARD OF DIRECTORS IN ORDER TO CREATE TWO (2) CLASSES OF EQUAL SIZE, THIS ROTATION SHALL BE BASED FIRST UPON DUES PAID BY THE PLATINUM SPONSOR AND THEN BY SENIORITY OF MEMBERSHIP IN THE CORPORATION AND SHALL CONTINUE SO LONG AS THE PLATINUM SPONSOR MAINTAINS ITS MEMBERSHIP IN GOOD STANDING. UP TO ONE-THIRD (1/3) BUT NOT MORE THAN FOUR (4) GOLD SPONSORS SHALL BE ENTITLED TO HAVE AND APPOINT ONE (1) REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR A TERM EXPIRING AT THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. COMMENCING AT THE SECOND ANNUAL MEETING OF THE BOARD OF DIRECTORS, UP TO ONE-THIRD (1/3) BUT NOT MORE THAN FOUR (4) GOLD SPONSORS WHO HAVE NOT HAD A REPRESENTATIVE ON THE BOARD OF DIRECTORS DURING THE PRIOR TERM SHALL BE ENTITLED TO HAVE AND APPOINT ONE (1) REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR A TERM EXPIRING AT THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. THEREAFTER, AT EACH SUBSEQUENT ANNUAL MEETING OF THE BOARD OF DIRECTORS, GOLD SPONSORS WHO HAVE NOT HAD A REPRESENTATIVE ON THE BOARD OF DIRECTORS DURING THE PRIOR TWO TERMS SHALL BE ENTITLED TO HAVE AND APPOINT ONE (1) REPRESENTATIVE TO THE BOARD OF DIRECTORS FOR A TERM EXPIRING AT THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. SUBJECT TO MINOR ADJUSTMENTS BY THE BOARD OF DIRECTORS IN ORDER TO CREATE THREE (3) CLASSES OF EQUAL SIZE, THIS ROTATION SHALL BE BASED FIRST UPON DUES PAID BY THE GOLD SPONSOR AND THEN BY SENIORITY OF MEMBERSHIP IN THE CORPORATION AND SHALL CONTINUE SO LONG AS THE GOLD SPONSOR MAINTAINS ITS MEMBERSHIP IN GOOD STANDING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CFO WILL REVIEW THE RETURN PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE QUESTIONNAIRES EACH YEAR. QUESTIONNAIRES ARE REVIEWED AND ANY POTENTIAL CONFLICTS ARE ANALYZED. TO DATE, NO CONFLICTS HAVE BEEN IDENTIFIED. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE CEO'S COMPENSATION, USES COMPARABILITY DATA, AND CONTEMPORANEOUSLY DOCUMENTS DELIBERATIONS AND DECISIONS. FORM 990, PART VI, SECTION B, LINE 15B: THE CEO REVIEWS AND APPROVES COMPENSATION OF OTHER OFFICERS AND CONTEMPORANEOUSLY DOCUMENTS DELIBERATIONS AND DECISIONS. THERE ARE NO KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C | THE FINANCE & AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT & SELECTION OF AN INDEPENDENT ACCOUNTANT. |
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