| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | ELIGIBILITY OF MEMBERS IS DETERMINED IN ACCORDANCE WITH THE REQUIREMENTS AS ESTABLISHED BY YOUNG PRESIDENTS ORGANIZATION, INC., OF WHICH THIS CORPORATION IS A SUBORDINATED LOCAL CHAPTER. THE MEMBERSHIP CONSISTS OF PERSONS WHO ARE INTERESTED IN THE CORPORATION'S PURPOSES AND ACTIVITIES AND WHO MEET ANY ADDITIONAL REQUIREMENTS, INCLUDING THE PAYMENT OF INITIATION FEES, IF ANY, AND DUES, AS DETERMINED BY THE BOARD. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE DIRECTORS BY A PLURALITY OF VOTES CAST BY THE MEMBERS ENTITLED TO VOTE AT THE ANNUAL MEETING. EACH DIRECTOR HOLDS OFFICE FOR ONE YEAR OR UNTIL A SUCCESSOR IS DULY ELECTED AND QUALIFIED OR UNTIL HIS OR HER EARLIER RESIGNATION OR REMOVAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY AN OUTSIDE AN ACCOUNTANT. ONCE THE RETURN IS PREPARED AND REVIEWED, THE COMPLETED FORM 990 IS AVAILABLE FOR REVIEW AT BOARD OF DIRECTOR MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATIONS HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS ANNUALLY MONITORS. EACH DIRECTOR SHALL DISCLOSE IN WRITING, TO THE PRESIDENT AND THE CHAIRPERSON OF ANY COMMITTEE, ANY POTENTIAL CONFLICT THAT MAY ARISE THROUGHOUT THE YEAR. AFFECTED MEMBERS MAY NOT PARTICIPATE IN DISCUSSION OR VOTE ON MATTERS WHERE CONFLICTS OF INTEREST EXIST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE ALSO AVAILABLE UPON WRITTEN REQUEST. |
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