| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION WAS MANAGED BY TASSEY & ASSOCIATES, CONTROLLED BY JEFF TASSEY, CHAIRMAN, THROUGH SEPTEMBER, 2023, AT WHICH TIME A FULL TIME EXECUTIVE CHAIRMAN WAS HIRED. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE COALITION UPDATED ITS BYLAWS IN 2024 TO EMPOWER THE BOARD OF DIRECTORS TO DELEGATE ANY POWERS SET FORTH IN THE BYLAWS TO OFFICERS OF THE COALITION. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS TWO CLASSES OF MEMBERSHIP WITH VOTING RIGHTS |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS MEMBERS THAT ELECT, OR APPOINT, MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE COALITION DID NOT EMPOWER ANY COMMITTEES TO ACT ON BEHALF OF THE GOVERNING BODY FOR THE TAX YEAR. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION ENGAGED AN ACCOUNTING FIRM TO PREPARE THE FORM 990, WHICH IS REVIEWED BY THE EXECUTIVE CHAIRMAN, OUTSIDE COUNSEL AS WELL AS THE FULL BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION SENDS OUT THE CONFLICT OF INTEREST POLICY, ALONG WITH A CERTIFICATION, ANNUALLY. THE CERTIFICATION MUST BE SIGNED AND SUBMITTED ANNUALLY NOTING ANY CONFLICTS OF INTERESTS. DIRECTORS, OFFICERS, KEY EMPLOYEES, AND CONSULTANTS MUST ALSO DISCLOSE POTENTIAL CONFLICTS TO THE FULL BOARD WHEN THE BOARD IS CONSIDERING ANY PORPOSED TRANSACTION OR ARRANGEMENT. THE DISINTERESTED MEMBERS OF THE BOARD DETERMINE WHETHER AN ACTUAL CONFLICT EXIST. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COALITION USES COMPENSATION DATA FROM HISTORIC TRENDS IN THE ELECTRONIC PAYMENTS INDUSTRY AND WAGE DETAILS OF OMPARABLE TRADE ASSOCIATIONS TO DETERMINE COMPENSATION FOR THE EXECUTIVE CHAIRMAN. THE EXECUTIVE CHAIRMAN'S COMPENSATION WAS REVIEWED IN SEPTEMBER 2023. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | PUBLIC RELATIONS & COMMUNICATIONS 35,745,220. ECONOMIC STUDIES 4,898,049. CONSULTING 811,501. PAYROLL PROCESSING 5,908. |
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