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 2 | THERE ARE SEVERAL MEMBERS OF THE BOARD OF DIRECTORS WHO ARE MARRIED TO OTHER MEMBERS OF THE BOARD AND/OR MARRIED TO MEMBERS OF OTHER RELATED COMMITTEES. ADDITIONALLY, THERE ARE MEMBERS OF THE BOARD WHO ARE RELATED TO OTHER MEMBERS OF THE BOARD AND/OR TO MEMBERS OF RELATED COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION IS MADE UP OF REAL ESTATE PROFESSIONALS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A COPY OF THE FORM 990 WILL BE REVIEWED BY THE CEO BEFORE IT IS FILED WITH THE IRS. AT THIS TIME, THE BOARD WILL NOT REVIEW THE FORM 990 BEFORE OR AFTER IT IS FILED AS PART OF ITS BOARD ACTIVITIES. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS MUST DISCLOSE ANY CONFLICTS TO NVAR AND DEFINE THE CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION USES SALARY INFORMATION OBTAINED FROM OTHER STATE ASSOCIATIONS AND FROM THE ASAE FOUNDATION, WHICH PROVIDES COMPENSATION DATA AND TRENDS. THE CEO'S SALARY IS APPROVED AND RATIFIED BY THE BOARD. OTHER EMPLOYEES' SALARIES ARE APPROVED BY THE CEO AND BY THE BOARD IN THE BUDGET PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THEIR CONFLICT OF INTEREST POLICY IS UPDATED ON AN ANNUAL BASIS AS WELL AS IN INTERIM PERIODS IF NEW CONFLICTS ARISE. |
| FORM 990, PART XII, LINE 2C | THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
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