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 | THE ASSOCIATION IS COMPRISED OF 571 MEMBERS REPRESENTING HOME BUILDERS WITHIN THE CITY OF ST. LOUIS, MISSOURI AND THE FOLLOWING MISSOURI COUNTIES: ST. LOUIS, ST. CHARLES, JEFFERSON, LINCOLN, FRANKLIN, WASHINGTON, AND WARREN. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE ASSOCIATION'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | CERTAIN DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO THE APPROVAL OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE ORGANIZATION'S CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE PRESIDENT. DUE TO THE TIMING OF THE ASSOCIATION'S MEETINGS, IT IS NOT ALWAYS FEASIBLE TO PROVIDE A COPY OF THE FORM 990 TO THE BOARD PRIOR TO FILING THE RETURN. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, BOARD MEMBERS ARE ASKED TO SIGN THE CONFLICT OF INTEREST POLICY AND DISCLOSE CONFLICTS. BOARD MEMBERS ARE ALSO REQUIRED TO REFRAIN FROM VOTING IF THERE IS A KNOWN CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | AN INDEPENDENT BUDGET COMMITTEE COMPRISED OF THE PAST PRESIDENT, CURRENT PRESIDENT AND THE FIRST VICE PRESIDENT, REVIEW THE PROPOSED SALARY AND BENEFITS PACKAGE FOR THE EXECUTIVE VICE PRESIDENT AS WELL AS ALL OTHER STAFF. THEY ARE PROVIDED WITH COMPARATIVE INFORMATION TO USE. THE ASAE ASSOCIATION SALARY AND BENEFITS SURVEYS ARE PRIMARILY USED FOR DETERMINING THE PAY AMOUNTS AND RANGES. ADDITIONAL PUBLICATIONS ARE USED FOR COMPARISON TO OTHER ORGANIZATIONS. THE DECISION OF THE BUDGET COMMITTEE IS DOCUMENTED IN THE MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| FORM 990, PART XII, LINE 1: | THE ORGANIZATION USES A MODIFIED CASH BASIS OF ACCOUNTING FOR PREPARATION OF THE FORM 990. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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