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 B, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND / OR TREASURER PRIOR TO ITS SUBMISSION TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE EXECUTIVE DIRECTOR AND OTHER STAFF ARE CHARGED WITH WATCHING FOR ANY VENDOR RELATIONSHIP OR OTHER ACTIVITIES THAT WOULD QUALIFY OR HAVE THE APPEARANCE AS A CONFLICT OF INTEREST. SHOULD THAT OCCUR, STAFF HAS THE RESPONSIBILITY TO BRING THE SITUATION TO THE ATTENTION OF THE BOARD OF DIRECTORS. EACH DIRECTOR IS CHARGED WITH THE RESPONSIBILITY OF HIS/HER OWN ACTIONS AS WELL AS WATCHING FOR POTENTIAL CONFLICTS OF INTEREST AMONG OTHER BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE MANAGEMENT FEE IS NEGOTIATED BETWEEN THE BOARD OF DIRECTORS AND THE ASSOCIATION MANAGEMENT COMPANY ON AN ANNUAL BASIS. FACTORS TAKEN INTO CONSIDERATION INTHE NEGOTIATION PROCESS INCLUDE THE AMOUNT OF TIME SPENT ON PROVIDING SERVICES TO THE ORGANIZATION, PROJECTED ACTIVITIES AND PROJECTS FOR THE UPCOMING YEAR AND A PREFORMANCE EVALUATION PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | FORMS 990, BOARD OF DIRECTOR MEETING MINUTES AND POLICIES ARE ON FILE AT THE HEADQUARTERS OFFICE AND AVAILABLE FOR INSPECTION UPON REQUEST. |
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