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 | DURING THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE POWERS OF THE BOARD OF DIRECTORS OF THE CORPORATION IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, INCLUDING, WITHOUT LIMITATION, THE COMPENSATION OF THE OFFICERS OF THE CORPORATION. THE EXECUTIVE COMMITTEE DOES NOT HAVE AUTHORITY TO APPROVE INDIVIDUAL CAPITAL EXPENDITURES OR COMMITMENTS ESTIMATED TO BE MORE THAN $500,000 IN ANY ONE YEAR OR $2.5 MILLION IN THE AGGREGATE. MINUTES REFLECTING ANY ACTION TAKEN BY THE EXECUTIVE COMMITTEE SHALL BE SUBMITTED TO THE BOARD OF DIRECTORS OF THE CORPORATION AT ITS NEXT MEETING FOR ITS INFORMATION. |
| FORM 990, PART VI, SECTION A, LINE 2 | NMMA BOARD DIRECTORS AINE DENARI AND JOHN BUELOW HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER IN THEIR CAPACITY AS OFFICERS OF BRUNSWICK CORPORATION. BEN SPECIALE AND BILL BOEHMAN HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER IN THEIR CAPACITY AS OFFICERS OF YAMAHA MOTOR CORPORATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | NMMA HAS FOUR CLASSES OF MEMBERSHIP AS FOLLOWS: (1) BOAT MANUFACTURER, (2) ENGINE MANUFACTURER, (3) ACCESSORY AND COMPONENTS MANUFACTURER, AND (4) ASSOCIATE MEMBERS. THE THREE MANUFACTURING DIVISIONS ARE REPRESENTED BY AN ELECTED DIVISIONAL BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | NMMA HAS FOUR CLASSES OF MEMBERSHIP AS FOLLOWS: (1) BOAT MANUFACTURER,(2) ENGINE MANUFACTURER, (3) ACCESSORY AND COMPONENTS MANUFACTURER, AND (4) ASSOCIATE MEMBERS. THE THREE MANUFACTURING DIVISIONS ARE REPRESENTED BY AN ELECTED DIVISIONAL BOARD OF DIRECTORS. ALL MEMBERS, EXCEPT ASSOCIATE MEMBERS, ARE ENTITLED TO CAST A VOTE TO ELECT THE THREE DIVISIONAL BOARD OF DIRECTORS AND NMMA BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX RETURN IS POSTED TO A SECURE DOCUMENT PORTAL (BOARD EFFECT) AND SHARED WITH THE EXECUTIVE COMMITTEE OF THE BOARD AND THE AUDIT COMMITTEE PRIOR TO FILING. BOARD EFFECT IS NMMA'S SECURE INTERNET PORTAL FOR DISTRIBUTION OF MATERIAL TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH DIRECTOR RECEIVES AND SIGNS A FORM NOTING THEIR COMPLIANCE WITH THE POLICY, WHICH REQUIRES IMMEDIATE NOTIFICATION OF ANY CONFLICT OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | IN ADDITION TO THE ANNUAL REVIEW PROCESS THAT IS UNDERTAKEN FOR THE PRESIDENT, COMPENSATION AND BENEFIT STUDIES ARE DONE PERIODICALLY, BY AN INDEPENDENT THIRD PARTY CONSULTANT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. IT DISTRIBUTES THE CONFLICT OF INTEREST POLICY TO BOARD MEMBERS AND EMPLOYEES. AN INTERNAL FINANCIAL STATEMENT IS DISTRIBUTED TO THE BOARD MONTHLY. AN INDEPENDENTLY PREPARED FINANCIAL STATEMENT IS AVAILABLE TO ALL MEMBERS AND TO ALL OTHERS UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CURRENCY TRANSLATION ADJUSTMENT -6,225. |
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