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 | MEMBERSHIP IS MADE UP OF ANY ENTITY ENGAGED IN MANUFACTURING PRINCIPALLY NEW MACHINERY FOR OR IN FURNISHING SERVICES, INGREDIENTS, FLAVORS, OR OTHER SUPPLIES TO THE FOOD PROCESSING, PACKAGING, OR OTHER RELATED SANITARY INDUSTRIES. |
| FORM 990, PART VI, SECTION A, LINE 7A | FPSA IS MADE UP OF DUES PAYING MEMBERS, THOSE MEMBERS ELECT THE BOARD OF DIRECTORS; RECEIVE ANNUAL REPORTS AND ANY OTHER BUSINESS THAT MAY COME BEFORE THE BOARD MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BYLAWS CAN ONLY BE AMENDED BY A VOTE OF 2/3 OF THE MEMBERSHIP. THIS INCLUDES MERGER AND DISSOLUTION OF THE CORPORATION. EACH MEMBER HAS ONE VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CFO WORKS CLOSELY WITH THE TAX PREPARER TO PROVIDE NECESSARY INFORMATION RELATING TO THE COMPLETION OF 990. ONCE THE FORM IS PREPARED, IT IS REVIEWED BY THE CFO. THE DRAFT IS THEN FORWARDED TO THE BOARD OF DIRECTORS, WHERE CHANGES IF DEEMED NECESSARY ARE MADE, AND THEN THE RETURN IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS PRESENTED AT EACH BOARD MEETING WITH THE MEETING'S BOARD MATERIALS AND REVIEWED. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THE REMAINING BOARD OR COMMITTEE MEMBERS THEN DECIDE IF A CONFLICT OF INTEREST EXISTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND TOP MANAGEMENT OFFICERS. THE COMMITTEE REVIEWS COMPARABILITY COMPENSATION DATA ANNUALLY AND THE FINANCIAL POSITION OF THE ASSOCIATION. THE COMPENSATION REVIEW FOR THE TOP MANAGEMENT OFFICIAL IS DOCUMENTED. THE LAST COMPENSATION REVIEW TOOK PLACE IN JANUARY 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC WHEN REQUESTED. |
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