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 4 | THE BYLAWS WERE UPDATED TO ALIGN WITH CURRENT MINNESOTA LAWS FOR NONPROFIT ORGANIZATIONS. THESE CHANGES ALSO ADDRESS NEEDED UPDATES TO MVMA COMMITTEES, MEMBER CATEGORIES, OFFICERS, BOARD OF DIRECTORS, MEMBER MEETINGS, USE OF TECHNOLOGY FOR MEETINGS, ETC. WITH MORE STREAMLINED BYLAWS MVMA POLICY DOCUMENTS WILL BE THE VEHICLE USED TO SUPPLEMENT THE BYLAWS IN PROVIDING ADDITIONAL DETAIL AND CLARIFICATION TO THE ASSOCIATION'S COMMITTEES, MEMBER CATEGORIES, OFFICERS, BOARD OF DIRECTORS, ETC. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION OFFERS VARIOUS CLASSES OF MEMBERSHIP WHICH PROVIDES THE MEMBER WITH A PACKAGE OF BENEFITS BASED ON THE CLASS OF MEMBERSHIP THEY PURCHASE. CURRENTLY THE ASSOCIATION OFFERS ACTIVE, AFFILIATE, ACADEMIC, ASSOCIATE, SUPPORTING, GRADUATE STUDENT/INTERN/RESIDENT, GRADUATE PRACTICING, STUDENT, LIFE, AND INACTIVE MEMBER CLASSES. |
| FORM 990, PART VI, SECTION A, LINE 7A | PURSUANT TO BYLAW PROVISIONS, MEMBERS OF THE ASSOCIATION HAVE RIGHTS TO VOTE FOR ELECTION OF MEMBERS OF THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS DO HAVE GOVERNANCE RIGHTS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ASSOCIATION'S FORM 990 IS REVIEWED BY MVMA ACCOUNTANT, EXECUTIVE DIRECTOR AND THE TREASURER PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL DISCLOSURE TO THE PRESIDENT OF THE BOARD OF DIRECTORS ON A FORM LISTING INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTERESTS. DETERMINATION BY THE PRESIDENT AND THE BOARD OF DIRECTORS WHAT ACTION NEEDS BE TAKEN FOR EACH INTEREST DISCLOSED. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPENSATION APPROVAL OVERSEEN AND DECIDED BY BOARD OF DIRECTORS FOLLOWING COMPARABILTY STUDIES AND NEGOTIATION WITH EXECUTIVE DIRECTOR AND OTHER TOP MANAGEMENT POSITIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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