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 | THE EXECUTIVE COMMITTEE IS COMPRISED OF THE BOARD CHAIR, VICE-CHAIR, AND SECRETARY/TREASURER. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE CURRENT MEMBERS OF THE BOARD. THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF PPSWG BETWEEN MEETINGS OF THE BOARD OF DIRECTORS; PROVIDED, HOWEVER, THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY TO: (I) AUTHORIZE DISTRIBUTIONS; (II) APPROVE OR PROPOSE TO THE MEMBERS ANY ACTION REQUIRED TO BE APPROVED BY THE MEMBERS; (III) FILL VACANCIES ON THE BOARD OF DIRECTORS, ANY ADVISORY COMMITTEE, OR ANY TASK FORCE; OR (IV) ADOPT, AMEND, OR REPEAL THE BYLAWS OR ARTICLES OF INCORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 3 | ASSOCIATION MANAGEMENT STRATEGIES, INC. PERFORMS MANAGEMENT AND OTHER PROFESSIONAL SERVICES ON BEHALF OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 4 | ON MARCH 25, 2022, PPSWG MEMBERS APPROVED SEVERAL CHANGES TO THE PPSWG BYLAWS. THE MOST SUBSTANTIVE OF WHICH INCLUDES THE ADDITION OF PPSWG'S MISSION STATEMENT; A CHANGE TO THE DURATION OF MEMBERSHIP WHEN NO ACTION IS TAKEN BY THE MEMBER TO RENEW ITS MEMBERSHIP; AND THE AUTHORITY OF THE PPSWG BOARD OF DIRECTORS TO CHANGE THE QUALIFICATIONS AND COMPOSITION OF THE BOARD. ON DECEMBER 7, 2022, PPSWG MEMBERS APPROVED AN ADDITIONAL REVISION TO THE BYLAWS TO PROVIDE FOR TWO NON-VOTING CLASSES OF MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERSHIP IS OPEN TO ANY ELIGIBLE ENTITY THAT SUPPORTS THE PURPOSES OF PPSWG AND MEETS MEMBERSHIP CRITERIA ESTABLISHED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE DIRECTORS; THE BOARD ELECTS THE OFFICERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BYLAWS ARTICLE III SECTION 13. VOTING RIGHTS: VOTING MEMBERS SHALL BE ENTITLED TO VOTE ON ALL MATTERS SUBMITTED TO A VOTE OF THE MEMBERSHIP BY THE BOARD OF DIRECTORS OR AS REQUIRED BY THESE BYLAWS OR THE ACT. IN ADDITION TO THE FOREGOING, VOTING MEMBERS SHALL BE ENTITLED TO VOTE ON THE FOLLOWING MATTERS: (I) AMENDMENT OF THESE BYLAWS OR PPSWG'S ARTICLES OF INCORPORATION; (II) ESTABLISHMENT OF ADDITIONAL MEMBERSHIP CLASSES; (III) ANY PROPOSED INCREASE IN PPSWG MEMBERSHIP DUES WHICH WOULD INCREASE THE FINANCIAL OBLIGATION OF THE MEMBERS TO WHOM SUCH INCREASE WOULD APPLY BY TWENTY PERCENT (20%) OR MORE COMPARED TO THE PRIOR YEAR; AND (IV) SETTING OF COST ALLOCATION FOR FEES. |
| FORM 990, PART VI, SECTION B, LINE 11B | PPSWG'S INDEPENDENT ACCOUNTANT PREPARES A DRAFT OF THE FORM 990 AND REVIEWS IT WITH PPSWG'S VP, FINANCE AND EXECUTIVE DIRECTOR. THE DRAFT FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE AND OUTSIDE LEGAL COUNSEL FOR REVIEW. THE EXECUTIVE COMMITTEE GIVES FINAL APPROVAL TO THE EXECUTIVE DIRECTOR TO FILE THE FORM 990 WITH THE IRS. THE FORM 990 IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. EACH COVERED OFFICIAL SHALL DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST. THE ORGANIZATION MANAGES ALL CONFLICTS OF INTEREST PURSUANT TO ITS BOARD-APPROVED CONFLICTS OF INTEREST POLICY. EACH BOARD MEMBER IS REQUIRED TO SIGN A CONFLICT-OF-INTEREST DISCLOSURE STATEMENT ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| PART XII LINE 2C | THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF PPSWG'S FINANCIAL STATEMENTS, AS WELL AS THE SELECTION OF AN INDEPENDENT AUDITOR. |
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