| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | Joel Marcus and Jeff Mandler - Business relationship, Jeff Mandler and David Saliba - Business relationship, J. Kieran Jennings and Cris O'Neall - Business relationship, J. Kieran Jennings and Raymond Gray - Business relationship |
| Form 990, Part VI, Line 3 Delegation of management duties | Dowden Enterprises, Inc. dba Davis-Replogle and Associates. Management company makes arrangements for meetings of organization members and for organization's annual seminar. No officer, director, etc. of the organization is compensated by Dowden. APTC paid Davis-Replogle a fee of $49,905 for such services in 2024. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | There is only one class of membership. Memberships are held by law firms. Members are directors of the organization with voting rights on all matters relating to the organization in accordance with the organization's bylaws. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | There is only one class of membership. Members have the right to vote on the admission of new members to the organization. Members also have the right to remove existing members under certain circumstances in accordance with the organization's bylaws. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | There is only one class of membership. Memberships are held by law firms. Members approve all decisions of the organization. Each member has one vote in making decisions. Some of the decision that require the approval of the members are: (1) admission, suspension and removal of members; (2) reevaluation of membership due to a change in a member's status; (3) the amount of dues and special assessments on members; (4) amendment of the organization's bylaws. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | The prepared Form 990 is reviewed by the organization's President and Treasurer before filing with the IRS. The review is conducted within 30 days prior to the filing of the the Form 990. The Treasurer reviews all of the inputs to the prepared Form 990. |
| Form 990, Part VI, Line 19 Required documents available to the public | Documents are made available to the organization's members upon written request to the organization's President, Secretary or Treasurer. The organization's documents are not generally made available to the public. |
| FORM 990, PART VI, LINE 1A VOTING MEMBERS OF THE GOVERNING BODY | AMERICAN PROPERTY TAX COUNSEL HAD 30 VOTING DIRECTORS ON THE BOARD AT THE END OF THE YEAR. |
| FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OR STOCKHOLDERS | MEMBERSHIPS ARE HELD BY LAW FIRMS. MEMBERSHIP, AFTER THE INITIAL FORMATION, IS ISSUED ONLY TO THOSE LAW FIRMS APPROVED BY THE BOARD OF DIRECTORS. EACH MEMBER IS DEEMED TO HAVE ACCEPTED AND AGREED TO ABIDE BY THE BYLAWS AND THE RULES AND REGULATIONS ADOPTED FROM TIME TO TIME BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS OF THE GOVERNING BODY | APTC'S BYLAWS PROVIDE THAT ITS MEMBERS ELECT DIRECTORS EACH YEAR AT THE ANNUAL MEMBERSHIP MEETING. MOREOVER, A MAJORITY OF THE MEMBERS PRESENT AT A MEMBERSHIP MEETING AT WHICH A QUORUM IS PRESENT MAY REMOVE ANY DIRECTOR, WITH OR WITHOUT CAUSE, AND ELECT A NEW DIRECTOR TO SERVE THE UNEXPIRED TERM OF THE DIRECTOR REMOVED FROM OFFICE. PURSUANT TO APTC'S BYLAWS, ALL OTHER VACANCIES ON THE BOARD OF DIRECTORS ARE FILLED BY THE BOARD OF DIRECTORS, UNLESS THE NUMBER OF REMAINING DIRECTORS IS FEWER THAN THREE, IN WHICH CASE THE MEMBERS ELECT A NEW DIRECTOR TO FILL THE VACANCY. |
| FORM 990, PART VI, SECTION A, LINE 7B DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS | APTC'S BYLAWS PROVIDE THAT THE MEMBERS MUST APPROVE THE FOLLOWING BOARD ACTIONS, AS DESCRIBED BELOW: -ADMITTANCE, SUSPENSION, OR EXPULSION OF MEMBERS: 80% OF APTC'S MEMBERS MUST APPROVE OF (I) ADMITTANCE OF ANY NEW MEMBER AND (II) THE SUSPENSION, EXPULSION, OR DENIAL OF ANY OR ALL OF THE PRIVILEGES OF MEMBERSHIP, OF AN EXISTING MEMBER. - REEVALUATION OF MEMBERSHIP: IN INSTANCES WHERE A MEMBER OF FIRM'S DESIGNATED REPRESENTATIVE HAS LEFT SUCH FIRM, THE MEMBERS ARE TO DETERMINE, BY A MAJORITY VOTE, WHETHER TO RETAIN OR DISCONTINUE SUCH FIRM'S MEMBERSHIP (AFTER HAVING CONSIDERED THE RECOMMENDATION OF APTC'S EXECUTIVE COMMITTEE). - SPECIAL ASSESSMENTS: A MAJORITY OF APTC'S EMBERS MUST APPROVE OF ANY BOARD-IMPOSED SPECIAL ASSESSMENT THAT WOULD EXCEED 25% OF THE ANNUAL MEMBERSHIP DUES FOR THE CURRENT YEAR. - BYLAWS AMENDMENTS: A MAJORITY OF THE MEMBERS PRESENT AT A MEMBERSHIP MEETING AT WHICH A QUORUM IS PRESENT MUST APPROVE OF ANY BYLAWS AMENDMENTS PROPOSED BY APTC'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990 | APTC'S PRESIDENT, TREASURER AND AN INDEPENDENT ACCOUNTING FIRM WORK TOGETHER CLOSELY IN THE PREPARATION AND REVIEW OF FORM 990. BEFORE APTC'S FORM 990 IS SUBMITTED TO THE IRS, A COPY IS PROVIDED TO APTC'S EXECUTIVE COMMITTEE FOR REVIEW, COMMENTS, AND QUESTIONS. APTC'S EXECUTIVE COMMITTEE FOR PURPOSES OF REVIEW, ETC. CONSISTS OF THE TREASURER AND PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC | ALTHOUGH APTC'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO ITS MEMBERS, SUCH DOCUMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. |
| Software ID: | 24020961 |
| Software Version: | 2024v5.1 |