Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 6, PART VI, LINE 4 | ON SEPTEMBER 28, 2022, THE ASSOCIATION'S BOARD OF DIRECTORS VOTED TO DISSOLVE THE ASSOCIATION. THE DISSOLUTION WAS EFFECTIVE UPON THE DATE THE ARTICLES OF DISSOLUTION WERE FILED, WHICH WAS MARCH 16, 2023. UNDER THE AGREEMENT IN THE ARTICLES OF DISSOLUTION, 60% OF THE ASSOCIATION'S NET ASSETS WERE DIRECTED TO IOWA TRAVEL INDUSTRY PARTNERS FOR ADVOCACY WORK AND THE OTHER 40% WAS DIRECTED TO IOWA TRAVEL INDUSTRY PARTNERS FOUNDATION FOR EDUCATION PROGRAMMING AND TOURISM INDUSTRY SCHOLARSHIPS. |
| FORM 990, PAGE 6, PART VI, LINE 6 | MEMBERSHIPS IN EITA WILL BE OFFERED TO QUALIFIED ATTRACTIONS, BUSINESSES, GOVERNMENT AGENCIES, AND INDIVIDUALS BASED ON A DUES STRUCTURE ESTABLISHED BY THE BOARD OF DIRECTORS AND APPROVED BY THE MEMBERSHIP. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE ORGANIZATION'S FORM 990 IS REVIEWED AT A MONTHLY BOARD MEETING PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | ANY BOARD MEMBER WITH A POSSIBLE CONFLICT WILL DISCLOSE TO THE BOARD OF DIRECTORS MATERIAL FACTS REGARDING THE PROPOSED TRANSACTION. THE BOARD THEN DETERMINES IF A CONFLICT EXISTS. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. THE BOARD THEN EXCERCISES DUE DILIGENCE TO DETERMINE IF WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT CAN BE OBTAINED FROM A PERSON WITHOUT A CONFLICT. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE GOVERNING BODY UTILIZES COMPARABLE DATA TO DETERMINE COMPENSATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES THEIR GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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