| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ASSOCIATION HAS MEMBERS THAT PAY MEMBERSHIP DUES. THE MEMBERS CAN PARTICIPATE IN VARIOUS COMMITTEES INCLUDING THE EXECUTIVE COMMITTEE, BUSINESS LEADERSHIP COMMITTEE, AND STANDING COMMITTEES. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH VOTING MEMBER OF THE ASSOCIATION SHALL DESIGNATE IN WRITING ONE VOTING REPRESENTATIVE TO THE BOARD OF DIRECTORS WHO SHALL VOTE ON BEHALF OF SUCH MEMBER REGARDING MATTERS BROUGHT BEFORE THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS FIRST REVIEWED BY THE CPA ENGAGED TO MAINTAIN THE FINANCIAL RECORDS. THE CPA THEN REVIEWS THE 990 WITH THE PRESIDENT AND CEO. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE OFFICERS AND DIRECTORS OF THE NATURAL GAS SUPPLY ASSOCIATION (NGSA), DESIRE TO AVOID ALL CONFLICTS BETWEEN NGSA'S INTERESTS AND ANY PERSONAL INTEREST THAT AN OFFICER OR DIRECTOR MAY HAVE. TO ASSIST IN AVOIDING ANY CONFLICT OR APPEARANCE OF CONFLICT OF INTEREST, THE FOLLOWING PROCEDURES ARE ADOPTED: 1. WHEN ANY INTEREST ON THE PART OF AN OFFICER OR DIRECTOR OF NGSA POSES A POSSIBLE CONFLICT WITH THE OFFICER'S OR DIRECTOR'S RESPONSIBILITIES, THE OFFICER OR DIRECTOR SHALL: A. PROMPTLY CALL THE CONFLICT TO THE ATTENTION OF THE OTHER MEMBERS OF THE BOARD OF DIRECTORS WHO ARE PARTICIPATING IN OR VOTING ON THE MATTER WHICH POSES THE CONFLICT AND, B. ABSTAINS FROM PARTICIPATION IN OR VOTING ON SUCH MATTER. IN THE CASE OF SUCH A MATTER ARISING AT A MEETING OF THE BOARD, THE OFFICIAL MINUTES SHALL REFLECT THAT A DISCLOSURE WAS MADE AND THE DIRECTOR ABSTAINED FROM ANY PARTICIPATION IN THE MATTER. |
| FORM 990, PART VI, SECTION B, LINE 15A | COMPARABILITY DATA FROM A NUMBER OF LIKE INDUSTRY SURVEYS IS MAINTAINED AND REVIEWED BY THE PRESIDENT AND CEO AND THE EXECUTIVE COMMITTEE OF THE BOARD. ANNUAL PERFORMANCE WEIGHS HEAVILY IN THE DETERMINATION OF ANNUAL PAY ADJUSTMENTS. RECOMMENDATIONS ARE PRESENTED TO THE BOARD AT THE ANNUAL SPRING MEETING. THE BOARD OF DIRECTORS SETS THE COMPENSATION FOR THE PRESIDENT AND CEO BASED ON THE DATA COLLECTED AND ACCEPTS OR MODIFIES RECOMMENDATIONS FOR THE REMAINING STAFF. THE LAST COMPENSATION REVIEW TOOK PLACE MARCH 2023. FORM 990, PART VI, SECTION B, LINE 15B: THE BOARD OF DIRECTORS APPROVES THE OVERALL BUDGET FOR THE YEAR. WITHIN THAT BUDGET, IT IS AT THE PRESIDENT AND CEO'S DISCRETION TO SET SALARIES AND BONUSES FOR ALL EMPLOYEES EXCEPT FOR THE PRESIDENT AND CEO. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON AN AS REQUESTED BASIS. |
| FORM 990, PART XII, LINE 2C: | THERE WAS NO CHANGE IN THE REVIEW AND OVERSIGHT PROCESS DURING THE TAX YEAR. |
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