| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS CONSIST OF INDIVIDUALS INVOLVED IN THE PORK INDUSTRY AT ALL LEVELS. A SMALL MEMBERSHIP FEE IS CHARGED FOR MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7A | MEMBERS ELECT THE BOARD OF DIRECTORS. EACH YEAR SOME OF THE BOARD MEMBER POSITIONS ARE UP FOR ELECTION. MEMBER MUST APPROVE ANY CHANGES OR ADDITIONS TO THE BYLAWS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7B | BYLAW CHANGES REQUIRE MEMBERSHIP APPROVAL. ALL ACTIONS OF THE BOARD ARE VIEWED BY THE MEMBERSHIP AND QUESTIONS ARE ADDRESSED. AN OVERSIGHT COMMITTEE OVERSEES THE DECISIONS MADE BY THE BOARD AND BY THE PAID STAFF. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, AND SIGNED AND FILED AND THEN PROVIDED TO OVERALL GOVERNING BOARD UPON THEIR REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | OKLAHOMA PORK COUNCIL, INC. IS A COMPARATIVELY SMALL ORGANIZATION. ALL OF THE BOARD MEMBERS KNOW ONE ANOTHER BOTH AT A BUSINESS AND PERSONAL LEVEL. COMPLIANCE WITH THE CONFLICT OF INTEREST STATEMENT IS ACCOMPLISHED THROUGH AN INFORMAL PROCESS OF BECOMING FAMILAR AND INVOLVED IN THE LIVES OF EACH BOARD MEMBER AT A PERSONAL LEVEL. |
| FORM 990, PART VI, SECTION B, LINE 15 | DIRECTORS OF THE ORGANIZATION ARE NOT COMPENSATED. ONLY EMPLOYEES OF THE ORGANIZATION ARE COMPENSATED. EACH YEAR IN DECEMBER, THE EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR/EMPLOYEE COMPLETE A SELF EVALUATION FORM. THIS FORM IS GIVEN TO THE EXECUTIVE DIRECTOR WHO REVIEWS IT AND ADDS COMMENTS AS NEEDED. THE EVALUATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS IN AN EXECUTIVE MEETING. THE BOARD RECOMMENDS COMPENSATION ADJUSTMENTS AS THEY DEEM APPROPRIATE. THE EMPLOYEE MEETS WITH THE EXECUTIVE DIRECTOR AND TWO MEMBERS OF THE BOARD TO DISCUSS THE ADJUSTMENTS TO COMPENSATION AND ANY OTHER RECOMMENDATIONS. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE COUNCIL MAKES IT FORM 990 AVAILABLE BY REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO PRESENTED ON AN ANNUAL BASIS DURING THE ANNUAL MEETING HELD EACH YEAR. |
| FORM 990, PART XI, LINE 9: | CHANGE IN ACCOUNTING BASIS ADJUSTMENT -26,587. |
| FORM 990, PART XII, LINE 1 | BEGINNING JANUARY 1, 2023, THE COUNCIL ADOPTED A POLICY OF PREPARING ITS FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA RATHER THAN THE MODIFIED CASH BASIS OF ACCOUNTING. THE FINANCIAL STATEMENTS AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2023 ARE PRESENTED IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. A CHANGE IN ACCOUNTING BASIS ADJUSTMENT IN THE AMOUNT OF $26,587 HAS BEEN MADE TO BEGINNING NET ASSETS ON JANUARY 1, 2023 TO ACCURATELY REFLECT THE CHANGE IN ACCOUNTING BASIS. |
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