| Return Reference | Explanation |
|---|---|
| FORM 990, PART IV LINE 12 | AS OF THE DATE OF THIS FILING, THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2024, WERE BEING PREPARED. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE DAY TO DAY ACTIVITIES ARE MANAGED BY THE MEAT INSTITUTE , AN UNRELATED ORGANIZATION. THE MEAT INSTITUTE PROVIDES OFFICE SPACE, STAFF SUPPORT, MATERIALS, AND INFORMATION TECHNOLOGY TO LHCA. THE MANAGEMENT FEE FOR THE FISCAL YEAR WAS $85,000. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS "REGULAR" MEMBERS WHO ARE HIDES AND SKINS PRODUCER, PROCESSOR OR TRADING COMPANIES, AND "ASSOCIATE" MEMBERS WHO ARE SUPPLIERS OF GOODS AND SERVICES TO THE INDUSTRY. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION HAS THE FOLLOWING CLASSES OF MEMBERSHIP: A) PRODUCER MEMBER - MEMBERS WHO ARE HIDES, SKINS, OR LEATHER PRODUCER, PROCESSOR OR TRADING COMPANIES B) ASSOCIATE MEMBER - MEMBERS WHO ARE NOT PRODUCING HIDES, SKINS OR LEATHER BUT ARE CLOSELY ASSOCIATED SUPPLIERS TO THE INDUSTRY, PRIMARILY CHEMICAL SUPPLIERS C) SUPPORTING MEMBERS - SUPPLIERS OF OTHER GOODS AND SERVICES TO THE INDUSTRY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE DECISIONS OF THE BOARD OF DIRECTORS REGARDING CHANGES TO THE BYLAWS OF THE ASSOCIATION MUST BE SUBMITTED TO THE REGULAR MEMBERS FOR APPROVAL. EACH REGULAR MEMBER COMPANY RECEIVES ONE VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO SUBMISSION WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD OF DIRECTORS MEMBERS, OFFICERS AND EMPLOYEES ARE REQUIRED TO PROVIDE EVIDENCE OF ANY CONFLICTS THAT MAY ARISE IN THE COURSE OF THEIR DUTIES WITH THE ASSOCIATION. THEY ARE ALSO REQUIRED TO SIGN THE PERSONNEL MANUAL ACKNOWLEDGMENT THAT INCLUDES A STANDARDS OF BUSINESS ETHICS AND CONDUCT AND CONFLICT OF INTEREST POLICY. QUESTIONS CONCERNING CONFLICTS OF INTEREST ARE DIRECTED TO THE PRESIDENT. IN THE EVENT THAT THE PRESIDENT DETERMINES THAT A RELATIONSHIP CONSTITUTES OR MAY CONSTITUTE A CONFLICT OF INTEREST, THE PRESIDENT MAY TAKE APPROPRIATE ACTION(S), DEPENDING ON THE SERIOUSNESS OF THE CONFLICT OF INTEREST. THAT ACTION MAY INCLUDE MEETING WITH THE EMPLOYEE, IMMEDIATE DISCHARGE, REQUESTING THAT THE EMPLOYEE DIVEST PROPERTY OR OTHERWISE REMOVE HIMSELF FROM THE CONFLICT OF INTEREST SITUATION, INITIATE DISCIPLINARY PROCEDURES, OR IF THE SITUATION SO MERITS TAKING INTO CONSIDERATION THE EMPLOYEE'S RESPONSIBILITY, WAIVER OF THE CONFLICT, OR SUCH OTHER ACTION TO PROTECT THE INTEREST OF LHCA. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. THE COMPENSATION OF SUPPORT STAFF IS DETERMINED BY THE MEAT INSTITUTE AS PART OF THE MANAGEMENT AGREEMENT, IN CONJUNCTION WITH THE ADVICE OF LHCA BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | OTHER CONSULTING 2,451,240. |
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