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 TWO CLASSES OF MEMBERS, VOTING AND NON-VOTING, WITH A TOTAL OF 2,155 MEMBERS FOR THE YEAR ENDING ON MARCH 31, 2023. ONLY VOTING MEMBERS CAN HOLD OFFICE. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS HAVE THE AUTHORITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION A, LINE 7B | VARIOUS GOVERNING DECISIONS OF THE ORGANIZATION ARE SUBJECT TO APPROVAL BY THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | COPIES OF THE RETURN ARE GIVEN TO BOARD MEMBERS FOR THEIR REVIEW AND THEN DISCUSSED AT OUR BOARD MEETING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IT IS THE DUTY OF EACH OFFICER AND DIRECTOR TO DISCLOSE TO THE BOARD OF DIRECTORS OF THE BUREAU ANY CONFLICTS OF INTEREST OF WHICH THEY ARE AWARE, INCLUDING CONFLICTS INVOLVING OTHER OFFICERS OR DIRECTORS SUBJECT TO THIS POLICY. SUCH DISCLOSURE IS TO BE MADE BEFORE THE BOARD DISCUSSES THE ISSUE, MATTER OR TRANSACTION TO WHICH THE POSSIBLE CONFLICT APPLIES. UPON SUCH DISCLOSURE, THE BOARD MAY TAKE SUCH FURTHER ACTION IT DEEMS APPROPRIATE OR AS REQUIRED BY LAW. SUCH ACTION COULD INCLUDE REQUIRING THE DIRECTOR OR OFFICER TO RECUSE HIMSELF OR HERSELF FROM DELIBERATIONS, VOTING, DECISION-MAKING OR OTHER PARTICIPATION WITH RESPECT TO THE MATTER. EACH OFFICER AND DIRECTOR MUST SIGN A COPY OF THE POLICY AND AGREE TO NOTIFY THE BOARD OF ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | OFFICERS DO NOT RECEIVE COMPENSATION. FOR KEY EMPLOYEES, WE HAVE PERSONNEL POLICIES THAT GUIDE THE BOARD. SALARIES ARE EVALUATED BY THE BOARD BASED ON INFORMATION PROVIDED TO THEM BY THE IFB REGIONAL MANAGER AND VOTED ON BY THE BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AT THE OFFICE AND AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | MISCELLANEOUS 20,897. MEMBERSHIP ACQUISTIONS 3,601. DIRECTORS EXPENSE 3,493. JANITOR SERVICE 1,620. STATE INCOME TAX 1,471. READERSHIP COSTS 732. REAL ESTATE TAXES 181. REPAIRS AND MAINTENANCE 132. |
| FORM 990, PART XII, LINE 2C | THE PROCESS FOR OVERSEEING THE AUDIT AND SELECTING AN INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR. |
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