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 OF QUEEN CITY ANGELS ARE ENTREPRENEURS LOOKING TO IMPROVE THEIR BUSINESS METHODS AND MODELS IN ORDER TO INCREASE GROWTH FOR THE GREATER CINCINNATI AREA. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF THE MEMBERS, OR AT A SPECIAL MEEING OF THE MEMBERS CALLED FOR SUCH PURPOSE. ELECTION SHALL BE BY A MAJORITY VOTE OF THE MEMBERS CONSTITUTING A QUORUM AND ENTITLED TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS TO REVIEW FORM 990: FEDERAL FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THEN SHARED WITH THE FULL BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO OBTAIN APPROPRIATE DATA AS TO COMPARABLE TRANSACTIONS AND INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. APPROPRIATE DATA AS TO COMPENSATION SHALL INCLUDE COMPENSATION DATA FROM THREE REASONABLY COMPARABLE ORGANIZATIONS IN THE GEOGRAPHIC AREA FOR SIMILAR SERVICES. APPROPRIATE DATA AS TO A PROPERTY TRANSACTION MAY INCLUDE INDEPENDENT APPRAISALS AND/OR OFFERS RECEIVED AS PART OF AN OPEN AND COMPETITIVE BIDDING PROCESS. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTERESTS, FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | FINANCIAL ANALYST 32,791. PAYROLL PROCESSING FEES 630. |
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