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 | AN EXECUTIVE COMMITTEE IS FORMED FROM THE MEMBERS OF THE GOVERNING BODY. THE EXECUTIVE COMMITTEE WILL EVALUATE AND DISCUSS CHARTER ISSUES. HOWEVER, THE EXECUTIVE COMMITTEE PRESENTS AND DISCLOSES THESE ISSUES TO THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION EMPLOYED A MANAGEMENT COMPANY, SAMUEL LIMITED CO, TO MANAGE THE DAY TO DAY AFFAIRS OF THE LOCAL NEW MEXICO CHAPTER. ONE EMPLOYEE OF THIS COMPANY, RHIANNON SAMUEL, HAS BEEN ELECTED AS AN OFFICER OF THE ORGANIZATION (EXECUTIVE DIRECTOR). THE COMPENSATION PAID THE MANAGEMENT COMPANY IS FULLY REPORTED IN PART VII, SECTION B, OF THIS FORM 990. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS ARE FROM THE GREATER ALBUQUERQUE COMMUNITY THAT ARE INVOLVED IN THE REAL ESTATE INDUSTRY. THEY RANGE FROM 230-260 MEMBERS AT ANY POINT IN TIME. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS IS APPROVED BY THE MEMBERSHIP GROUP AS A WHOLE AND THE BOARD OF DIRECTORS THEN APPOINT COMMITTEES AS DICTATED BY THE BYLAWS. |
| FORM 990, PART VI, SECTION A, LINE 7B | ALL SUBCOMMITTEES MUST REPORT TO THE EXECUTIVE COMMITTEE WHO THEN PRESENTS RECOMMENDATIONS TO THE BOARD AND THE BOARD MUST APPROVE THEM VIA MAJORITY VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TREASURER AND THE EXECUTIVE DIRECTOR REVIEW THE TAX RETURN. THE RETURN IS DELIVERED VIA EMAIL TO THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | WITH RESPECT TO VENDORS THE CHARTER REQUIRES PROPOSALS AND DISCLOSURES OF ANY RELATIONSHIP WITH THE BOARD MEMBERS. THE OVERALL BOARD MUST THEN VOTE TO PERMIT A BOARD MEMBER OR THEIR COMPANY FROM BEING A VENDOR. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE EXECUTIVE DIRECTOR IS COMPENSATED AS AN INDEPENDENT CONTRACTOR. THE COMPENSATION PACKAGE IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. STAFF ARE COMPENSATED VIA 1099-MISC AND THE ANNUAL COMPENSATION PACKAGES OF THE STAFF ARE REVIEWED BY THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | DUE, SUBSCRIPTIONS AND FEES 9,152. CONTINUING EDUCATION 7,888. BANK AND CREDIT CARDS EXPENSES 5,555. AUTO EXPENSES 2,184. SEMINAR EXPENSES 2,139. TAXES 1,498. MISC EXPENSE 551. |
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