| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 6 | ALL TURKEY PRODUCERS MARKETING OVER 5,000 TURKEYS PER YEAR ARE MEMBERS BY PAYING INTO OUR STATE CHECK-OFF PROGRAM. ALLIED COMPANIES MAY PURCHASE MEMBERSHIP AT THE FOLLOWING LEVELS: DIAMOND - $1,500 GOLD - $1,000 SILVER - $500 WITH MEMBERSHIP, THEY HAVE ACCESS TO OUR MAILING LIST OF PRODUCERS, RECOGNITION IN THE "TURKEY TALK" PUBLICATION AND RECEIVE A SUBSCRIPTION TO "TURKEY TALK." |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THIS CORPORATION SHALL CONSIST OF ALL MEMBERS IN GOOD STANDING OF THE FEDERATION WHO HAVE PAID THEIR DUES THROUGH THE EMT CHECK-OFF OR ALLIED MEMBERSHIP IN THE FEDERATION AS SHOWN BY THE BOOKS OF SAID FEDERATION, AND EACH ACTIVE MEMBER SHALL HAVE THE POWER TO VOTE AT THE ANNUAL MEETING AND FOR ELECTED DIRECTORS OF THE CORPORATION. THE STATE SHALL BE DIVIDED INTO THREE DISTRICTS: WEST, CENTRAL AND EAST. EACH DISTRICT SHALL BE REPRESENTED ON THE BOARD OF DIRECTORS BY TWO (2) DIRECTORS WHO MUST HOLD RESIDENCE AND MAINTAIN THEIR PLACE OF BUSINESS IN ONE OF THE THREE PRESCRIBED DISTRICTS. THESE DIRECTORS ARE TO BE NOMINATED AND ELECTED BY THE ACTIVE MEMBERS IN EACH DISTRICT AND BE ELCTED BY A VOTE CONDUCTED BY MAIL PRIOR TO THE ANNUAL MEETING. THERE SHALL BE THREE (3) DIRECTORS AT LARGE. THEY SHALL BE ELECTED BY A VOTE OF ALL THE ACTIVE MEMBERS (WEST, CENTRAL AND EAST DISTRICTS AND ALLIED MEMBERS) CONDUCTED BY MAIL PRIOR TO THE ANNUAL MEETING. THERE SHALL BE TWO (2) ALLIED DIRECTORS. THEY SHALL BE ELECTED BY A VOTE OF ALL THE ACTIVE MEMBERS (WEST, CENTRAL AND EAST DISTRICTS AND ALLIED MEMBERS) CONDUCTED BY MAIL PRIOR TO THE ANNUAL MEETING. THERE SHALL BE TWO (2) APPOINTED DIRECTORS FROM TYSON FOODS COMPANY AND TWO (2) APPOINTED DIRECTORS FROM WEST LIBERTY FOODS. ALL BOARD MEMBERS SHALL BE ELECTED OR APPOINTED FOR A TERM OF THREE (3) YEARS AND SHALL ONLY SERVE THREE CONSECUTIVE TERMS (9 YEARS) UNLESS, AT THE EXPIRATION OF HIS/HER THIRD CONSECUTIVE TERM, HE/SHE SHALL BE SERVING AS VICE PRESIDENT HE/SHE SHALL BE ELIGIBLE FOR A FOURTH TERM. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE ONLY DECISIONS OF THE GOVERNING BODY SUBJECT TO THE APPROVAL OF ITS MEMBERS ARE BY-LAW CHANGES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 TAX RETURN FOR THE IOWA TURKEY FEDERATION IS REVIEWED BY THE EXECUTIVE DIRECTOR, THE PRESIDENT AND VICE-PRESIDENT OF THE BOARD OF DIRECTORS. UPON APPROVAL, THE TAX RETURN IS SIGNED AND SUBMITTED TO THE IRS. A COPY OF THE TAX RETURN IS ALSO MADE AVAILABLE TO THE ENTIRE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE GIVEN A WRITTEN POLICY IN THEIR BOARD NOTEBOOK. THIS NOTEBOOK IS REVIEWED WITH NEW BOARD MEMBERS BY THE EXECUTIVE DIRECTOR. ON AN ANNUAL BASIS, BOARD MEMBERS DISCLOSE POTENTIAL CONFLICTS OF INTEREST OF THEMSELVES AND THEIR FAMILIES AND IT IS NOTED IN THE MINUTES. MINUTES OF MEETINGS WHERE THERE IS A POTENTIAL CONFLICT WILL DISCLOSE THE CONFLICT AND THE MEMBER'S ABSTINENCE FROM VOTING. |
| FORM 990, PART VI, SECTION B, LINE 15 | LINE 15A AND 15B: THE EXECUTIVE BOARD CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE. A CLOSED SESSION OF THE BOARD IS HELD TO DISCUSS STAFF COMPENSATION. FROM THOSE DISCUSSIONS, EMPLOYEE COMPENSATION IS SUBMITTED TO THE ANNUAL BUDGET. THIS BUDGET IS THEN APPROVED BY THE BOARD AT THEIR ANNUAL MEETING IN NOVEMBER OR DECEMBER. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL OF OUR GOVERNANCE POLICIES ARE AVAILABLE UPON REQUEST AND ARE KEPT ON FILE IN THE BOOKKEEPER'S OFFICE AND DIGITALLY ON COMPUTER. |
| FORM 990, PART XI, LINE 9: | PAC RECEIPTS 8,995. PAC DISBURSEMENTS -1,023. |
| PART IX LINE 25 | SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION IOWA TURKEY FEDERATION INC. PO BOX 825 535 E LINCOLN WAY AMES IA 50010-0825 EMPLOYER IDENTIFICATION NUMBER: 42-0815721 FOR THE YEAR ENDING DECEMBER 31, 2024 IOWA TURKEY FEDERATION INC. IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). |
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