| Return Reference | Explanation |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | This nonprofit organization is a membership-based professional organization and is recognized as a tax-exempt organization under Section 501(c)(6) of the Internal Revenue Code. The societys primary purpose is to advance the accounting profession by providing education, networking opportunities, and advocacy for its members. The organization is governed by a board of directors, which is elected by the members of the society in accordance with its bylaws. The board is responsible for the overall management and strategic direction of the organization. Members participate in meetings, serve on committees, and contribute to the development of programs and initiatives that further the societys mission. |
| Member election for additional members Part VI line 7a | The nonprofit CPA society is a membership-based organization. Per the societys bylaws, members have the right to participate in the election of the board of directors, which governs the organization. Elections are typically held at the societys annual meeting or through other formal voting processes outlined in the bylaws. All active members in good standing are entitled to vote in elections. The number of board members and the process for nominating and electing additional board members are specified in the societys governing documents. Nominations may be made by a designated nominating committee or through member submissions, depending on the procedures outlined in the bylaws. The rights and duties of members, are governed by the societys article of incorporation and bylaws. |
| Governing body decisions Part VI line 7b | The nonprofit CPA society operates under a governance structure outlined in its bylaws, which provide members certain rights related to the approval of governing body decisions. The board of directors, elected by the membership, holds primary responsibility for making decisions related to the strategic decision, financial oversight, and overall management of the organization. Members of the society retain rights to approve key decisions made by the governing body, as stipulated in the bylaws. These rights typically include:1. Election of Directors: Members elect the board of directors, who are responsible for making policy decisions and managing the organization.2. Amendments to Bylaws: Members must approve any proposed amendments to the organizations bylaws3. Major Decisions |
| Form 990 governing body review Part VI line 11 | The governing body of the nonprofit CPA society conducts a thorough review of Form 990 before its submission to the IRS. the process for review is as follows:1. Preparation and Initial Review: Form 990 is prepared by the organizations accounting staff. Once the draft is completed, it is reviewed by the executive director and the treasurer to ensure accuracy and completeness.2. Presentation to the Governing Body: After the inital review, the draft of Form 990 is provided to all members of the board of directors prior to filing.3. Discussion and Approval: During a scheduled board meeting, the Form 990 is discussed in detail. The board provides final comments and upon resolution of any issues the form is approved for filing4. Filing and Documentation:Form 990 submitted and documented |
| Conflict of interest policy compliance Part VI line 12c | The nonprofit CPA society has a written conflict of interest policy in place to ensure that all directors, officers, and key employees act in the best interest of the organization. 1. Annual Disclosure: All board members, officers, and key employees are required to complete an annual conflict of interest disclosure form. The disclosures are reviewed by the executive committee or designated staff.2. Ongoing Reporting: Throughout the year, board members and key personnel are required to disclose any potential conflicts that arise during the course of their duties. 3. Review and Recusal: In the event of a potential conflict, individual involved is required to recuse themselves from any discussion or vote related to the matter.4. Enforcement:Violations may result in disciplinary action |
| CEO executive director top management comp Part VI line 15a | The nonprofit CPA society does not compensate its top management official, directors, officers, or any other individuals for services provided to the organization. As a volunteer-based organization, all board members and officers serve without pay, contributing their time and expertise to support the societys mission. However, reasonable reimbursement for expenses incurred while conducting society business may be provided, in accordance with the organizations reimbursement policy. These reimbursements are subject to review and approval by the treasurer and board of directors. Since no compensation is provided, the organization does not engage in compensation benchmarking, salary review, or use of external consultants to determine executive pay. |
| Other officer or key employee compensation Part VI line 15b | The nonprofit CPA society does not compensate any officers, key employees, or other individuals for their services. All leadership positions within the organization are held by volunteers who contribute their time and expertise without financial remuneration. While there is no formal process for determining compensation, the society may reimburse volunteers for reasonable out-of-pocket expenses incurred while performing duties on behalf of the organization. Such reimbursements are subject to prior approval by the treasurer and are documented in accordance with the organizations policies. |
| Governing documents etc available to public Part VI line 19 | The nonprofit CPA society is committed to transparency and accountability. As part of this commitment, the society makes its governing documents readily available. Individuals may request copies of the governing documents by submitting a written request to the soceitys headquarters. |
| List of other expenses Part IX line 24e | LIST OF OTHER EXPENSESREFUNDS...................... $ 2,470FREIGHT OUT.................. $ 152HOTEL........................ $ 70,000TOUR GUIDE & ENTRANCE FEES... $143,890JOURNAL DESIGN............... $ 5,035TOTAL........................ $221,547 |
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