| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | DR. CHRISTOPH SCHEMIONEK IS SECONDED FROM DELEGATION OF GERMAN INDUSTRY AND COMMERCE IN WASHINGTON, DC, LLC (DGIC) THROUGH AN EXECUTIVE SERVICES AGREEMENT TO SERVE AS THE PRESIDENT AND CEO OF RGIT AND TO BECOME THE EXECUTIVE IN CHARGE OF RGIT'S OPERATIONS. ADDITIONALLY, EFFECTIVE JULY 1, 2023, THE EMPLOYMENT OF SILKE ROBERTS-SCHUMACHER WAS TRANSFERRED FROM RGIT TO DGIC. SILKE ROBERTS-SCHUMACHER IS ALSO SECONDED FROM DGIC TO RGIT THROUGH AN EXECUTIVE SERVICES AGREEMENT. DGIC BILLS RGIT FOR EXECUTIVE SERVICES BASED ON ACTUAL TIME INCURRED, INCLUSIVE OF WAGES, BENEFITS, AND PAYROLL TAXES. FOR THE YEARS ENDED DECEMBER 31, 2023, EXECUTIVE SERVICES INCLUSIVE OF BOTH THE PRESIDENT AND CEO AND TREASURER, TOTALED $132,250. |
| FORM 990, PART VI, SECTION A, LINE 8B | RGIT DOES NOT HAVE COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FEDERAL FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. ONCE IT HAS BEEN PREPARED BY THE ACCOUNTING FIRM, THE DRAFT FEDERAL FORM 990 IS REVIEWED BY THE PRESIDENT AND CEO AS WELL AS THE TREASURER PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST OCCURS WHEN A DIRECTOR, OFFICER, EMPLOYEE, AND/OR CONTRACTOR IS FACED WITH AN ACTUAL OR POTENTIAL COMPROMISE OF HIS OR HER LOYALTIES. CONFLICTS OF INTEREST MAY INVOLVE PERSONAL AS WELL AS PECUNIARY INTERESTS. FOR ANY ACTIVITY THAT CAN CREATE CONFLICT INTEREST POLICY, THE BOARD MEMBER OR EMPLOYEE SHALL IMMEDIATELY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST TO THE PRESIDENT AND CEO WHO MAY ASSESS THE APPROPRIATE COURSE OF ACTION TO FOLLOW. |
| FORM 990, PART VI, SECTION C, LINE 19 | RGIT'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. THE FEDERAL FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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