| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | SMART WAS MANAGED BY THE ASSOCIATION MANAGEMENT COMPANY OF MANAGEMENT SOLUTIONS PLUS, INC. SMART MAINTAINED ITS OFFICES AT MSP-AMC'S HEADQUARTERS AT 1300 PICCARD DRIVE, SUITE LL 14, ROCKVILLE, MD 20850. ALL REGULAR SMART STAFF MEMBERS ARE EMPLOYEES OF MSP-AMC AND WERE PROVIDED TO SMART ON AN AS-NEEDED BASIS. MSP-AMC AND SMART HAD A LETTER OF AGREEMENT THAT DEFINED THE RESPONSIBILITIES OF THE MANAGEMENT FIRM. A MANAGEMENT FEE WAS NEGOTIATED THAT COVERED THE COST OF THE SMART EXECUTIVE DIRECTOR, SUPPORT STAFF, OFFICE EQUIPMENT, AND OFFICE SPACE. EFFECTIVE MAY 2025, SMART IS MANAGED BY C2 ASSOCIATION STRATEGIES AT THEIR OFFICES AT 201 N UNION ST., SUITE 110, ALEXANDRIA VA 22314. |
| FORM 990, PART VI, SECTION A, LINE 6 | SMART'S BYLAWS PROVIDE FOR THREE CLASSES OF MEMBERSHIP: (1) INDUSTRY MEMBERS,(2) ASSOCIATE MEMBERS, AND (3) SECONDARY MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | INDUSTRY MEMBERS ARE VOTING MEMBERS OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT OF FORM 990 IS REVIEWED BY THE TREASURER OF THE BOARD, PRIOR TO FILING. A COPY OF THE FINAL FORM 990 IS EMAILED TO ALL BOARD MEMBERS UPON FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION C, LINE 19 | AVAILABLE UPON REQUEST MADE TO ASSOCIATION HEADQUARTERS. |
| FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC | SUSAN DECOURCEY - 1300 PICCARD DR, STE LL 14, ROCKVILLE, MD 20850. |
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