| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | VIRGINIA PORK COUNCIL (VPC) AND HELLEBUSH CONSULTING, LLC (HC) ENTERED INTO AN AGREEMENT WHERE HC PROVIDES VARIOUS MANAGEMENT SERVICES TO VPC. SERVICES INCLUDE, BUT ARE NOT LIMITED TO, THE DEVELOPMENT OF ANNUAL WORK PLAN, PROVIDE ANNUAL BUDGETS AND FINANCIAL REPORTING, PROVIDE EXPERTISE TO OVERSEE PROGRAMS, ETC. FEES PAID TO HC FOR MANAGEMENT SERVICES ARE $21,000 IN 2023. VPC'S EXECUTIVE DIRECTOR IS AN EMPLOYEE OF HC. THE AMOUNT OF COMPENSATION HC PAID TO THE EXECUTIVE DIRECTOR IS NOT BASED ON SERVICES PROVIDED TO VPC. NORTH CAROLINA PORK COUNCIL (NCPC) TOOK OVER MANAGEMENT IN JUNE 2023. NO MANAGEMENT FEES WILL BE PAID & CHARGED IN 2023, BUT WILL IN 2024. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE VIRGINIA PORK COUNCIL ADOPTED NEW BYLAWS ON 8/11/2023. SIGNIFICANT CHANGES TO THE BYLAWS ARE AS FOLLOWS: -MEMBERSHIP DUES; THE BOARD OF DIRECTORS SHALL HAVE THE AUTHORITY TO ESTABLISH AN ANNUAL MEMBERSHIP FEE. -ASSOCIATE MEMBER CONTRIBUTIONS- THE BOARD OF DIRECTORS MAY ESTABLISH AND AMEND THE MINIMUM CONTRIBUTIONS REQUIRED TO ESTABLISH UNIFORMLY OR BASED ON THE NATURE OF THE ASSOCIATE MEMBER. -BOARD OF DIRECTORS- THERE SHALL BE SEVEN VOTING MEMBERS OF THE BOARD OF DIRECTORS. THREE (3) REPRESENTATIVES OF INTEGRATED PRODUCERS/PACKERS/PROCESSORS, TWO (2) PRODUCERS WHO CONTRACT PRODUCTION WITH AN INTEGRATED PRODUCER, TWO (2) PRODUCERS WHO ARE NOT CONTRACT PRODUCERS OR SHOW PIG PRODUCERS. THE PRESIDENT, PRESIDENT-ELECT, AND PAST PRESIDENT OF THE COUNCIL SHALL BE VOTING, EX-OFFICIO MEMBERS OF THE BOARD. -THE BOARD OF DIRECTORS MAY DISSOLVE THE COUNCIL UPON A TWO-THIRDS VOTE OF THE DIRECTORS AT A REGULAR MEETING OR SPECIAL MEETING. -THE BOARD OF DIRECTORS SHALL HAVE GENERAL SUPERVISION AND CONTROL OF THE AFFAIRS OF THE COUNCIL AND SHALL MAKE ALL RULES AND REGULATIONS NOT INCONSISTENT WITH LOW OR WITH THESE BYLAWS FOR THE MANAGEMENT OF THE BUSINESS AND THE GUIDANCE OF THE MEMBERS, OFFICERS, EMPLOYEES, AND AGENTS OF THE COUNCIL. -THE BOARD OF DIRECTORS SHALL HAVE THE POWER TO EMPLOY AND TO SET THE COMPENSATION OF AN EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION A, LINE 6 | ANY PERSON WHO IS ACTIVELY ENGAGED IN VIRGINIA AS AN OWNER, OPERATOR, CONTRACT FEEDER, MEAT PACKER, INTEGRATOR, MANAGER OR EMPLOYEE OF AN ENTERPRISE INVOLVED IN THE PRODUCTION OF PORCINE ANIMALS WITH THE INTENT OF BEING IN ANIMAL AGRICULTURE IS ELIGIBLE TO BECOME A MEMBER. ANY PERSON WHO PAYS THE PROMOTION ASSESSMENT PURSUANT TO THE PORK PROMOTION, RESEARCH AND CONSUMER INFORMATION ORDER (7 CFR PART 1230) ARISING FROM HIS OR HER ACTIVITIES IN THE COMMONWEALTH OF VIRGINIA IS ELIGIBLE TO BE A MEMBER. NO MEMBERS OR CLASS OF MEMBERS SHALL HAVE THE RIGHT TO VOTE ON ANY MATTER AT ANY MEETING OF THE MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | AN INDEPENDENT CPA FIRM PREPARES THE FORM 990. A COPY OF THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR AND THE PRESIDENT FOR REVIEW. IT IS THEN MADE AVAILABLE TO ALL BOARD MEMBERS BEFORE FILING WITH THE IRS. MEMBERS OF THE BOARD OF DIRECTORS ARE INFORMED OF THE REVIEW, THE FILING PROCESS, AND ARE OFFERED A COPY OF FORM 990 FOR THEIR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION PROHIBITS ITS BOARD, COMMITTEE AND STAFF MEMBERS FROM ENGAGING IN ANY ACTIVITY, PRACTICE, OR CONDUCT THAT APPEARS TO BE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS RESOLVES ALL QUESTIONS REGARDING CONFLICTS. ALL MEMBERS OF THE BOARD AND ALL COMMITTEE MEMBERS ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY BY SIGNING AN ANNUAL DISCLOSURE FORM. ANY PERSON WITH AN APPARENT CONFLICT IS REQUIRED TO WITHDRAW FROM ANY DISCUSSIONS RELATING TO THE CONFLICT AND IS PROHIBITED FROM VOTING ON THAT MATTER. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE TO VIEW, UPON REQUEST, AT THE ORGANIZATION'S OFFICE. |
| FORM 990, PART XI, LINE 9: | ADJUSTMENT TO ACCURAL BASIS OF ACCOUNTING 14,172. |
| FORM 990, PART XII, LINE 1 | THE ORGANIZATION CHANGED FROM THE CASH BASIS OF ACCOUNTING TO THE ACCRUAL BASIS OF ACCOUNTING IN 2023. |
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