| Return Reference | Explanation |
|---|---|
| FORM 990, PART V, LINE 6B: | RMSW CHAPTER OF NATAS INC (RMSW) RECEIVES MEMBERSHIP DUES WHICH ARE SUBJECT TO THE SECTION 6113 DISCLOSURE REQUIREMENTS. THE ORGANIZATION WAS PREVIOUSLY UNAWARE OF THESE RULES. RMSW HAS BECOME INFORMED OF THE DISCLOSURE REQUIREMENTS AND HAS MADE THE NECESSARY CHANGES TO ITS MATERIALS BEGINNING IN 2025 IN ORDER TO COMPLY WITH SECTION 6113. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ARTICLES OF INCORPORATION WERE AMENDED ON JULY 23, 2025 TO CHANGE THE NAME OF THE ORGANIZATION TO RMSW CHAPTER OF NATAS, INC. BECAUSE THE CHANGE HAPPENED PRIOR TO THE FILING DATE OF THIS FORM 990, THE NEW NAME HAS BEEN UTILIZED ON THIS RETURN. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS FOUR CLASSES OF MEMBERS. 1) PROFESSIONAL MEMBERS ARE PERSONS WHO ARE PROFESSIONALLY ENGAGED IN THE TELEVISION AND MEDIA INDUSTRY AND ITS RELATED FIELDS WITHIN THE CHAPTER'S GEOGRAPHIC BOUNDARY. A PROFESSIONAL MEMBER SHALL BE OBLIGED TO PAY DUES AND SHALL HAVE THE RIGHT, IF IN GOOD STANDING, TO VOTE AND TO HOLD OFFICE AND SHALL BE ELIGIBLE TO SERVE ON COMMITTEES. 2) ASSOCIATE MEMBERS ARE PERSONS WHO ARE INTERESTED IN THE ADVANCEMENT OF THE ARTS AND SCIENCES OF TELEVISION AND OTHER MEDIA, BUT WHO DO NOT MEET, AT THE TIME OF APPLICATION, THE REQUIREMENTS FOR PROFESSIONAL MEMBERSHIP. ASSOCIATE MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE OR TO HOLD OFFICE, BUT THEY SHALL HAVE THE RIGHT TO SERVE ON COMMITTEES AND TO ACT IN ADVISORY CAPACITIES IF SO APPOINTED. ASSOCIATE MEMBERS ARE OBLIGED TO PAY DUES IN AN AMOUNT AT LEAST EQUAL TO THAT ESTABLISHED FOR PROFESSIONAL MEMBERS. 3) LIFE MEMBERS ARE PAST NATIONAL CHAIR/S OF THE BOARD AND PAST CHAPTER PRESIDENTS AND SUCH OTHER PERSONS AS MAY BE DESIGNATED BY AN AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE MEMBERS OF THE BOARD OF TRUSTEES. LIFE MEMBERS SHALL HAVE ALL THE RIGHTS OF PROFESSIONAL MEMBERS, BUT SHALL NOT BE OBLIGATED TO PAY DUES. 4) HONORARY MEMBERS ARE DISTINGUISHED LEADERS IN THE ELECTRONIC MEDIA AND SIMILAR INDUSTRIES. HONORARY MEMBERS SHALL NOT HAVE THE RIGHTS OF PROFESSIONAL MEMBERS, SHALL NOT BE OBLIGATED TO PAY DUES AND SHALL NOT BE INCLUDED IN A CHAPTER'S ANNUAL CENSUS. HONORARY MEMBERS SHALL NOT HAVE THE RIGHT TO VOTE OR HOLD OFFICE, BUT SHALL HAVE THE RIGHT TO SERVE ON COMMITTEES AND ACT IN ADVISORY CAPACITIES IF SO APPOINTED. |
| FORM 990, PART VI, SECTION A, LINE 7A | PROFESSIONAL AND LIFE MEMBERS HAVE THE RIGHT TO VOTE ON THE ELECTION OF BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY AN INDEPENDENT CPA AND PROVIDED TO THE TREASURER, PRESIDENT AND EXECUTIVE DIRECTOR FOR REVIEW. UPON THEIR APPROVAL, A COPY IS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT ADDRESSES THE CONSIDERATION OF POTENTIAL CONFLICTS OF INTEREST BY THE BOARD OF DIRECTORS, AND THEIR RELATIVES. AS PER THE POLICY, BOARD MEMBERS MUST MAKE DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST AND MUST ABSTAIN FROM VOTING ON ANY ACTION IN WHICH THEY MAY HAVE AN INTEREST. ON AN ANNUAL BASIS, ALL BOARD MEMBERS ARE REQUIRED TO SIGN OFF ON AN ANNUAL CONFLICT OF INTEREST FORM, EITHER STATING ANY KNOWN CONFLICTS, OR STATING THAT THERE ARE NONE. |
| FORM 990, PART VI, SECTION B, LINE 15A | IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION, THE EXECUTIVE COMMITTEE USES DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. THE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD FOR DISCUSSION AND VOTE. THE BOARD MUST REVIEW AND APPROVE THE COMPENSATION PACKAGE BY A MAJORITY VOTE. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. A VOTE WAS TAKEN SEPTEMBER 18, 2024 TO INCREASE COMPENSATION EFFECTIVE JANUARY 1, 2025 IN ORDER TO BE COMPARABLE TO SIMILAR POSITIONS ACROSS THE 19 CHAPTERS OF NATAS. |
| 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 REASONABLE REQUEST. |
| FORM 990, PART IX, LINE 24E | DUES AND SUBSCRIPTIONS 5,736. |
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