| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 2, PART III, LINE 4D | ALL OTHER EDUCATIONAL AND PROMOTIONAL ACTIVITIES FOR THE VACATION RENTAL MANAGEMENT INDUSTRY. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA, THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND/OR TREASURER PRIOR TO SUBMITTING TO THE IRS. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE EXECUTIVE DIRECTOR AND OTHER STAFF ARE CHARGED WITH WATCHING FOR ANY VENDOR RELATIONSHIPS OR OTHER ACTIVITIES THAT WOULD QUALIFY OR HAVE THE APPEARANCE OF QUALIFYING AS A CONFLICT OF INTEREST. SHOULD THAT OCCUR, STAFF HAS THE RESPONSIBILITY TO BRING THE SITUATION TO THE ATTENTION OF THE BOARD OF DIRECTORS. EACH DIRECTOR, AS WELL, IS CHARGED WITH THE RESPONSIBILITY OF HIS/HER OWN ACTIVITIES AS WELL AS WATCHING FOR POTENTIAL CONFLICTS OF INTEREST AMONG OTHER BOARD MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE MANAGEMENT FEE IS NEGOTIATED BETWEEN THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FACTORS TAKEN INTO CONSIDERATION IN THE NEGOTIATION PROCESS INCLUDE THE AMOUNT OF TIME SPENT PROVIDING SERVICES TO THE ORGANIZATION, PROJECTED ACTIVITIES FOR THE UPCOMING YEAR, AND A PERFORMANCE EVALUATION PROCESS. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE FVRMA FORM 990, MINUTES TO THE MEETINGS OF THE BOARD OF DIRECTORS, AND POLICIES ARE ON FILE AT THE HEADQUARTERS OFFICE AND ARE AVAILABLE FOR INSPECTION AT ANY TIME, UPON REQUEST. |
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