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 | ON DECEMBER 14, 2022 THE BOARD OF DIRECTORS UPDATED THE ORGANIZATION'S EXPENDITURE AUTHORIZATION POLICY AS IT RELATES TO BUDGET AMENDMENTS AS FOLLOWS: 1. CEO AND COO CAN APPROVE EXPENDITURES UP TO $25,000, LIMIT 8 TIMES PER YEAR WITHOUT PRIOR APPROVAL FROM THE BOARD, 2. CHAIRMAN AND VICE-CHAIR CAN APPROVE EXPENDITURES BETWEEN $25,001 AND UP TO $250,000 WITHOUT FULL BOARD APPROVAL, LIMIT OF 4 TIMES PER YEAR, AND 3. EXPENDITURES OVER $250,000 REQUIRE FULL BOARD APPROVAL. |
| FORM 990, PART VI, SECTION A, LINE 4 | DURING 2022, THE ORGANIZATION AMENDED THE BYLAWS TO CHANGE ARTICLE I, SECTION 3 AND ARTICLE III, SECTION 4 FOR ANNUAL MEETING TO BE HELD IN THE FIRST QUARTER OF EACH YEAR. IN ADDITION, THE AMENDMENT INCLUDED ADDING SECTION 6 OF ARTICLE III, TO CREATE AN ADVISORY COMMITTEE CALLED THE LEADERSHIP COUNCIL. |
| FORM 990, PART VI, SECTION A, LINE 6 | TWO CLASSES OF MEMBERS: DIRECTOR MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS WHO HAVE BEEN DULY ELECTED ACCORDING TO THE PROVISIONS OF ARTICLE III OF THE BYLAWS AND SHALL HAVE THE RIGHT TO VOTE ON THE MANAGEMENT AND AFFAIRS OF THE CORPORATION, AS PROVIDED FOR IN THE BYLAWS. ASSOCIATE MEMBERS ARE ANY INDIVIDUAL, PARTNERSHIP, TRUST, FIRM, OR CORPORATION, WHO OR WHICH SHALL PAY ANNUAL DUES TO BE SET BY THE BOARD OF DIRECTORS. AN ASSOCIATE MEMBER DOES NOT HAVE THE RIGHT TO VOTE ON THE MANAGEMENT AND AFFAIRS OF THE CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | DIRECTOR MEMBERS ARE MEMBERS OF THE BOARD OF DIRECTORS. THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AT THE ANNUAL MEETING OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CHIEF FINANCIAL OFFICER WORKS CLOSELY WITH THE INDEPENDENT AUDITOR AND TAX ADVISORS IN PREPARING AND PROVIDING SCHEDULES AND DOCUMENTATION TO COMPLETE THE FORM 990. ONCE COMPLETED THE FINAL DRAFTS ARE REVIEWED BY CEO, COO, AND INTERNAL LEGAL COUNSEL FOR APPROVAL. IF EDITS NEED TO BE MADE, THE CFO WILL WORK WITH TAX ADVISOR BEFORE FINALIZING. ONCE FINALIZED THE RETURNS ARE SIGNED BY THE CEO, FILED BY THE TAX ADVISOR, AND PROVIDED TO THE FULL BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OF DIRECTORS AND OFFICERS SIGN ANNUAL CONFLICT OF INTEREST AGREEMENTS, WHEREBY THEY MUST DISCLOSE FINANCIAL INTEREST THAT MAY CREATE, OR MAY APPEAR TO CREATE, CONFLICTS OF INTEREST. IN SUCH CIRCUMSTANCES, THE AFFECTED DIRECTOR SHALL NOT PARTICIPATE IN THE DELIBERATIONS OR VOTING BY THE BOARD AS TO THE MATTER AT ISSUE. |
| FORM 990, PART VI, SECTION B, LINE 15 | UNDER DIRECTION OF THE CEO, THE COO CARRIES OUT AN ANNUAL REVIEW PROCESS IN AUGUST. MANAGERS EVALUATE STAFF, DISCUSS REVIEWS WITH THEM AND REPORT BACK TO THE COO AND CEO. COMPENSATION ADJUSTMENTS ARE COMMUNICATED TO STAFF PRIOR TO YEAR-END, EFFECTIVE FOR THE SUBSEQUENT CALENDAR YEAR. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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