| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1A | THE BOARD OF DIRECTORS MAY, BY RESOLUTION ADOPTED BY TWO-THIRDS OF THE TOTAL NUMBER OF DIRECTORS, ESTABLISH AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THIS CORPORATION AND APPOINT TWO OR MORE DIRECTORS TO SERVE ON SUCH EXECUTIVE COMMITTEE, AT LEAST ONE OF WHOM SHALL BE THE PRESIDENT OF THE CORPORATION. ONLY PERSONS WHO ARE DIRECTORS OF THIS CORPORATION SHALL BE ELIGIBLE FOR APPOINTMENT TO THE EXECUTIVE COMMITTEE. WHEN A MEMBER OF THE EXECUTIVE COMMITTEE CEASES TO BE A DIRECTOR OF THIS CORPORATION, SUCH PERSON AUTOMATICALLY SHALL CEASE TO BE A MEMBER OF THE EXECUTIVE COMMITTEE OF THIS CORPORATION. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND THE BYLAWS OF THIS CORPORATION, WHICH POWER IS EXPRESSLY RESERVED SOLELY TO THE BOARD OF DIRECTORS OF THIS CORPORATION, WHICH POWER IS EXPRESSLY RESERVED SOLELY TO THE BOARD OF DIRECTORS OF THIS CORPORATION AS HEREINAFTER PROVIDED, THE EXECUTIVE COMMITTEE SHALL HAVE ALL OF THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS OF THIS CORPORATION IN THE MANAGEMENT OF THE PROPERTY, BUSINESS, AND AFFAIRS OF THIS CORPORATION IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, SUBJECT ALWAYS TO THE DIRECTION AND CONTROL OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BOARD OF DIRECTORS CONSISTS OF MEMBERS OF MINNESOTA REALTORS EXECUTIVE COMMITTEE |
| FORM 990, PART VI, SECTION A, LINE 8B | NO COMMITTEES ACT ON BEHALF OF THE GOVERNING BODY CURRENTLY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE HOA BOARD REVIEWED THE 990 AT THE BOARD MEETING NEAREST COMPLETION OF THE 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | OFFICERS, DIRECTORS/TRUSTEES, AND KEY EMPLOYEES MUST AFFIRM CONFLICTS OF INTEREST BEFORE EACH BOARD MEETING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ALLIANCE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
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