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 | MEMBERS ARE ELECTED AS FOLLOWS: BANKS, BY LETTER OF INTENT TO JOIN, AND ASSOCIATE MEMBERS AND FIDUCIARY TRUSTS, BY FORMAL APPLICATION, APPLY FOR MEMBERSHIP IN THE ASSOCIATION WHICH ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION. THE MEMBERS ELECT THE BOARD OF DIRECTORS AND OFFICERS AT THEIR ANNUAL MEETING. THE BOARD MEETS MONTHLY TO REVIEW THE ASSOCIATION FINANCIAL REPORTS AND DISCUSS OTHER ASSOCIATION MATTERS. BOARD MEMBERS CANNOT ELECT OTHER BOARD MEMBERS EXCEPT IN THEIR CAPACITY AS REGULAR ASSOCIATION MEMBERS AT THE ANNUAL MEETING. MEMBERS JOIN THE ASSOCIATION AS DESCRIBED IN THE ANSWER TO PART VI, LINE 6. |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULAR ASSOCIATION BUSINESS DECISIONS ARE MADE BY THE BOARD OF DIRECTORS. ANY CHANGES IN BY-LAWS OR IN ORGANIZATIONAL STRUCTURE WOULD BE APPROVED BY THE GENERAL MEMBERSHIP BY POLLING DURING THE YEAR, IF NECESSARY, OR AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | EACH BOARD MEMBER IS GIVEN A COPY OF THE FORM 990. BOARD MEMBERS REVIEW AND VOTE ON THE AUDIT REPORT, WHICH AGREES WITH ALL FIGURES IN THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | POLICY DISTRIBUTED ANNUALLY TO BOARD MEMBERS |
| FORM 990, PART VI, SECTION B, LINE 15 | A COMPENSATION COMMITTEE DETERMINES THE PRESIDENT'S SALARY AND FUTURE SALARY ADJUSTMENTS. A CONSULTANT IS RETAINED TO PROVIDE COMPARABLE DATA ON COMPARABLE POSITIONS FOR THE COMMITTEE'S USE IN ESTABLISHING THE PRESIDENT'S SALARY AND BENEFIT LEVELS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE NEW HAMPSHIRE BANKERS ASSOCIATION MAKES AVAILABLE TO THE PUBLIC ALL DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS TO THOSE REQUESTING THEM. |
| FORM 990, PART XII, LINE 2C: | THERE HAS BEEN NO CHANGE IN THE AUDIT COMMITTEE OVERSIGHT PROCESS FROM THE PRIOR YEAR. |
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