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 1A | AN EXECUTIVE COMMITTEE CONSISTING OF THE PRESIDENT; VICE PRESIDENT, COMMUNICATIONS AND PR; VICE PRESIDENT, MARKETING; VICE PRESIDENT, COLOR FORECASTING; VICE PRESIDENT, MEMBERSHIP; VICE PRESIDENT, EDUCATION, TREASURER; SECRETARY; IMMEDIATE PAST PRESIDENT AND EXECUTIVE DIRECTOR SHALL BE RESPONSIBLE FOR THE DAILY MANAGEMENT OF THE ASSOCIATION AND FOR THE IMPLEMENTATION OF THE POLICIES SET FORTH BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE ASSOCIATION WHEN THE BOARD IS NOT IN SESSION IN THE GENERAL MANAGEMENT OF BUSINESS AND AFFAIRS. AN ACT BY THE EXECUTIVE COMMITTEE WILL CONSTITUTE AN ACT BY THE ASSOCIATION, BUT THE BOARD OF DIRECTORS MAY FROM TIME-TO-TIME REVIEW, RATIFY OR MODIFY ACTS OF THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | CMG HAS MEMBERS WHO JOIN THE ASSOCIATION, CMG DOES NOT HAVE STOCKHOLDERS. THE MEMBERS ARE EITHER INDIVIDUAL, COMPANY, OR ACADEMIC MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY MAJORITY VOTE OF ELIGIBLE VOTING MEMBERS PRESENT AT A BUSINESS MEETING WHEN SUCH ELECTION HAS BEEN ANNOUNCED AND IS ON THE MEETING AGENDA, OR BY ELECTRONIC BALLOT BY A THIRD PARTY COMPANY. THE BOARD OF DIRECTORS ELECT THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 11B | CMG'S TREASURER AND PRESIDENT REVIEW THE FORM 990 BEFORE IT IS FILES. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ASSOCIATION REQUIRES ALL BOARD CANDIDATES TO READ AND AGREE TO THE CONFLICT-OF-INTEREST POLICY BEFORE THEY ARE ELECTED TO THE BOARD. THE EXECUTIVE COMMITTEE SENDS THE POLICY TO ALL BOARD CANDIDATES WHO ARE ELIGIBLE TO RUN FOR OFFICE AND THEY ARE REQUIRED TO SIGN THAT THEY HAVE READ AND UNDERSTOOD THE POLICY. THE POLICY REQUESTS THAT OFFICERS AND DIRECTORS DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE ASSOCIATION CONDUCTS AN ANNUAL REVIEW OF THE CONFLICT OF INTEREST POLICY AND REQUESTS EACH BOARD MEMBER TO SUBMIT A DISCLOSURE FORM WHICH IS REVIEWED AT EVERY BOARD MEETING. THE POLICY INSTRUCTS OFFICERS AND DIRECTORS TO REMOVE THEMSELVES FROM VOTING ON MATTERS IN WHICH THEY HAVE A CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | CMG'S PRESIDENT AND TREASURER ARE RESPONSIBLE FOR ESTABLISHING THE COMPENSATION PACKAGE OF THE EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. THE PROCESS INVOLVES IDENTIFYING COMPENSATION THAT IS REASONABLE AND IN LINE WITH MARKET TRENDS, AND REFLECTS THE EXECUTIVE DIRECTOR'S PERFORMANCE OVER THE YEAR BASED ON THE POSITION DESCRIPTION AND THE STRATEGIC GOALS OF THE ASSOCIATION. WHEN REVIEWING MARKET TRENDS THE PRESIDENT AND SECRETARY LOOK AT SIMILAR SIZED ASSOCIATIONS AND COMPARABLE ROLES, AS WELL AS TAKING ACCOUNT OF THE RATE OF INFLATION. SOURCES INCLUDE SALARY SURVEYS AND DATA TAKEN FROM ASSOCIATION COMPENSATION & BENEFITS STUDIES, FOR EXAMPLE THE ASAE STUDY. THE PRESIDENT AND TREASURER MEET ANNUALLY AT CMG'S INTERNATIONAL CONFERENCE AND DISCUSS THE COMPENSATION PACKAGE WHICH IS THEN DOCUMENTED IN A LETTER DESCRIBING THE ANNUAL SALARY REVIEW AND BONUS PAYMENT. A COPY OF THIS LETTER IS DISTRIBUTED TO THE EXECUTIVE COMMITTEE FOR APPROVAL AND THEN SENT TO THE EXECUTIVE DIRECTOR. A COPY IS ALSO HELD BY BOTH THE PRESIDENT AND TREASURER AS PART OF THE EXECUTIVE DIRECTOR'S PERSONNEL FILE WHICH IS HELD BY THE TREASURER. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION MAKES ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | REFUND 2,500. |
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