| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE INSTITUTE CONTRACTS WITH SMITHBUCKLIN CORPORATION TO PROVIDE EXECUTIVE DIRECTOR SERVICES AND MANAGEMENT OF THE ORGANIZATION. THE AMOUNT PAID TO SMITHBUCKLIN CORPORATION FOR THE PERIOD ENDED DECEMBER 31, 2023 TOTALED $1,802,050, AND INCLUDES $339,488 FOR EXECUTIVE MANAGEMENT, MEMBERSHIP AND OPERATIONS, EVENT SERVICES, SITE SELECTION AND CONTRACTING, REGISTRATION SERVICES, MARKETING AND COMMUNICATIONS, CREATIVE AND DESIGN SERVICES, CONTENT SERVICES, EDUCATION AND LEARNING, FINANCIAL MANAGEMENT AND ACCOUNTING, INFORMATION TECHNOLOGY, SALES SERVICES, AND FULFILLMENT SERVICES. THE BOARD OF GOVERNORS OVERSEES SMITHBUCKLIN CORPORATION'S PERFORMANCE UNDER THE CONTRACT. |
| FORM 990, PART VI, SECTION A, LINE 6 | THERE SHALL BE TWO CLASSES OF VOTING MEMBERS IN THE ASSOCIATION: INDIVIDUAL AND CORPORATE. INDIVIDUAL MEMBERS SHALL HAVE THE RIGHT TO VOTE AS PROVIDED IN THE BYLAWS OF THE INSTITUTE. CORPORATE MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE. |
| FORM 990, PART VI, SECTION A, LINE 7A | ALL BUSINESS OF THE ASSOCIATION REQUIRING APPROVAL OF THE MEMBERS, INCLUDING THE ELECTION OF GOVERNORS, SHALL BE VOTED ON IN PERSON OR BY PROXY BY THE INDIVIDUAL MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS REVIEWED BY THE CEO AND SHARED WITH KEY BOARD MEMBERS PRIOR TO BEING FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH BOARD MEMBER, OFFICER, AND SENIOR STAFF MEMBER IS REQUIRED TO ANNUALLY COMPLETE AND SUBMIT A DISCLOSURE FORM DETAILING ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBER, OFFICER, OR SENIOR STAFF MEMBER ALSO MUST UPDATE THE DISCLOSURE FORM IF ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION ARISE DURING THE COURSE OF THE YEAR. MEMBERS OF THE BOARD OF GOVERNORS ARE REQUIRED TO REFRAIN FROM COMMENTS OR VOTING ON SUBJECT MATTERS IN WHICH A CONFLICT OF INTEREST HAS BEEN IDENTIFIED. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE GENERAL PUBLIC, BUT IF REQUESTS FOR COPIES OF THESE DOCUMENTS WERE TO BE RECEIVED, THE ORGANIZATION WOULD CONSIDER MAKING THEM AVAILABLE TO THE REQUESTOR. |
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