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 6 | THE ORGANIZATION HAS MEMBERS IN THE BUSINESS COMMUNITY WHO PAY DUES. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS A NOMINATING COMMITTEE THAT DETERMINES A POTENTIAL SLATE OF CANDIDATES FOR OPEN BOARD POSITIONS. THE NOMINATING COMMITTEE VOTES ON THESE CANDIDATES, WHICH DETERMINES THE CANDIDATES TO BE PRESENTED TO THE FULL BOARD FOR APPROVAL. WHEN THE BOARD OF DIRECTORS APPROVES, IT THEN BEGINS THE OPEN NOMINATION PERIOD IN WHICH THE FULL MEMBERSHIP CAN SUBMIT ADDITIONAL CANDIDATES FOR THE OPEN BOARD POSITION IF THEY GET A PETITION SIGNED BY 25 MEMBERS IN GOOD STANDING. IN THE CASE WHEN AN ADDITIONAL NOMINEE IS PRESENTED BY THE MEMBERS, A VOTING BALLOT WOULD BE SENT TO THE FULL MEMBERSHIP WITH ALL CANDIDATES FOR THE OPEN POSITION LISTED. THE NOMINATING COMMITTEE WOULD THEN RECEIVE AND COUNT THE BALLOTS, WITH THE PERSON RECEIVING THE HIGHEST NUMBER OF VOTES BEING ELECTED TO THE BOARD. IF NO ADDITIONAL CANDIDATES ARE PUT FORTH BY THE MEMBERSHIP, THEN THE NOMINATED SLATE OF CANDIDATES CHOSEN BY THE NOMINATING COMMITTEE ARE DECLARED ELECTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT COPY OF THE FORM 990 WAS EMAILED TO ALL BOARD MEMBERS FOR THEIR REVIEW BEFORE THE 990 WAS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE DIRECTORS SIGN A CONFLICT OF INTEREST FORM AT THE BEGINNING OF EACH YEAR AND RECUSE THEMSELVES FROM VOTING ON ISSUES IN WHICH THEY HAVE A CONFLICT |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS DECIDED BY THE BOARD AFTER ANALYZING THE FINANCIALS OF THE ORGANIZATION AND COMPARING SALARIES TO OTHERS IN THE LOCAL AREA. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST AT THE ORGANIZATION'S OFFICE. |
| FORM 990,PART XII, LINE 2C | THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR |
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