| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 2 | IN 2023 WE BROUGHT BACK OUR SIGNATURE TECH CONFERENCE, SLOSS TECH, WHICH LAST OCCURRED IN 2019. |
| FORM 990, PART VI, SECTION A, LINE 7A | ONE MEMBER IS DESIGNATED AS THE CHAIR OF THE NOMINATING COMMITTEE, WHO WILL RECRUIT NEW BOARD MEMBERS AS A SEAT BECOMES VACANT. THE NOMINATINING COMMITTEE SUBMITS ITS RECOMMENDATIONS OF NOMINEES AT THE LAST BOARD MEETING OF THE YEAR, AND THE GENERAL BOARD VOTES TO ACCEPT THE CANDIDATES. THERE IS A TWO YEAR TERM LIMIT FOR OFFICERS AND EXECUTIVE COMMITTEE MEMBERS. ALL GENERAL BOARD MEMBERS SERVE A 1-YEAR TERM. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE BOARD VOTES ON REMOVAL OF BOARD MEMBERS, AMMENDING/ADDING BYLAWS TO THE ORGANIZATIONAL BYLAWS. THEY VOTE TO APPROVE THE BUDGET AND ADDITIONAL EXPENSES ABOVE $10,000. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY A THIRD-PARTY ACCOUNTING FIRM AND THE PRESIDENT OF TECHBIRMINGHAM. THE FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND IS AN AGENDA ITEM AT A REGULARLY SCHEDULED BOARD MEETING, OPEN FOR ANY DISCUSSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | MONTHLY FINANCIAL STATEMENTS ARE SENT TO THE TREASURER FOR REVIEW, ONCE IT IS APPROVED BY THE TREASURER, IT IS IS SENT TO THE REST OF THE BOARD FOR REVIEW. AT ANY TIME, IF THERE IS A QUESTION ABOUT A TRANSACTION, IT IS BROUGHT TO THE ATTENTION OF THE FINANCE COMMITTEE, IF NEEDED IT WILL BE TAKEN TO THE EXECUTIVE COMMITTEE FOR FURTHER DISCUSSION. IF THERE IS A CONFLICT, THE PARTY OF INTEREST IS ASKED TO OBSTAIN FROM VOTING ON THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS LOOKS AT THE CURRENT MARKET SALARY ANALYSIS FOR EACH OF THE KEY EMPLOYEES IN THE ORGANIZATION AND MAKES RECOMMENDATIONS TO COMPENSATE THE EMPLOYEES ACCORDINGLY. A THIRD-PARTY IS ALSO HIRED TO ADMINISTER PAYROLL AND HELP THE ORGANIZATION MAINTAIN EMPLOYEE COMPLIANCE STANDARDS (BENEFITS, OVERTIME, PTO, TAX WITHHOLDINGS, ETC). |
| FORM 990, PART VI, SECTION C, LINE 19 | IF A REQUEST IS MADE, THE DOCUMENTS WOULD BE PROVIDED AFTER CONSULTATION WITH ADVISORS AND LEGAL COUNSEL. |
| FORM 990, PART IX, LINE 24E | SPEAKER FEE 31,784. MEALS 30,878. STRIPE TRANSACTION FEE 3,115. STAFF DEVELOPMENT 3,034. DUES 2,874. PHOTOGRAPHY/VIDEOGRAPHY 1,575. RENT, PARKING, & UTILITIES 1,575. BANKING FEES 449. TAXES, LICENSES, AND PERMITS 200. VOLUNTEER APPRECIATION 91. |
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