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 | NEW HORIZONS PARTNERS, LLC IS CONTRACTED TO PERFORM VARIOUS ACCOUNTING, FINANCIAL, AND CONVENTION CONSULTING DUTIES FOR THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | PASSENGER VESSEL ASSOCIATION IS A NONPROFIT ORGANIZATION CONSTITUTING VESSEL MEMBERSHIP, ASSOCIATE MEMBERSHIP, AND INDIVIDUAL MEMBERS. VESSEL MEMBERSHIP INCLUDES THOSE ORGANIZATIONS IN WHICH THE ASSOCIATION PRIMARILY SERVES OWNERS AND OPERATORS OF PASSENGER VESSEL CRAFTS. ASSOCIATE MEMBERSHIP INCLUDES THOSE COMPANIES THAT MARKET PRODUCTS AND SERVICES TO PASSENGER VESSEL OPERATORS ON BOTH A NATIONAL AND REGIONAL BASIS. INDIVIDUAL MEMBERS ARE SOLITARY PERSONS WITH VESTED INTERESTS WITHIN THE PASSENGER VESSEL INDUSTRY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ASSOCIATION'S GENERAL MEMBERSHIP HAS THE CAPABILITY TO NOMINATE MEMBERS OF THE BOARD OF DIRECTORS. WHEN THE MEMBERSHIP OF THE BOARD IS DUE TO CHANGE, THE NOMINATING COMMITTEE OF THE BOARD WILL SELECT INDIVIDUALS FOR CANDIDACY. UPON SELECTION, A FORMAL COMMUNICATION IS ADMINISTERED TO THE GENERAL MEMBERSHIP REGARDING THOSE SELECTED INDIVIDUALS AND A MEETING TIME AT THE CONVENTION IS DISCLOSED FOR THE GENERAL MEMBERS TO PARTICIPATE IN VOTING FOR BOARD DELEGATES. GENERAL MEMBERS MUST APPROVE THESE SELECTED CANDIDATES AT THIS MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE BEFORE FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE POLICY INCLUDES STAFF, OUTSIDE CONTRACTORS AND MEMBERS. THE ASSOCIATION'S RETAINED COUNSEL IS IN ATTENDANCE FOR ALL MEETINGS OF THE BOARD OF DIRECTORS TO ADVISE IF ANY CONFLICT OF INTEREST ARISES. IF A CONFLICT DOES ARISE THE POLICY REQUIRES THAT THE INDIVIDUAL REFRAIN FROM VOTING OR ACTING ON BEHALF OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION COMMITTEE REVIEWS ALL PROPOSALS AND ADJUSTMENTS TO COMPENSATION FOR THE EXECUTIVE DIRECTOR AND APPROVES THE PROPOSALS AND ADJUSTMENTS BY CONSENSUS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | CONSULTANTS 196,434. |
| PART XII, LINE 2C | NO CHANGE TO THE PROCESS WAS NOTED DURING THE YEAR. THE FINANCE COMMITTEE ASSUMED THE RESPONSIBILITY FOR OVERSIGHT OF THE COMPILED FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. |
| SUMMARY, PART B | THE FORM 990 AND RELATED 990-T WERE AMENDED TO REFLECT AN ADJUSTMENT TO THE GROSS REVENUE ALLOCATED TO ADVERTISING. |
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