| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION'S MEMBERSHIP CONSISTS OF APPROXIMATELY 396 WAREHOUSING AND LOGISTICS ORGANIZAIONS AND APPROXIMATELY 129 ASSOCIATE AND RELATED MEMBERS. EACH WAREHOUSE OR ASSOCIATE MEMBER, INCLUDING THOSE CONSISTING OF MORE THAN ON BUSINESS ENTITY UNDER THE SAME OWNERSHIP, AND/OR MANAGEMENTS, AND/OR CONTROL SHALL BE ENTITLED TO ONE VOTE (I.E. ONE MEMBERHSIP - ONE VOTE). HONORARY AND PROFESSIONAL MEMBERS SHALL NOT HAVE A VOTE NOR SHALL THEY BE ELECTED TO OFFICE. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL CONVENTION MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | CHANGES OF THE BYLAWS REQUIRE THE APPROVAL OF THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TAX RETURN IS SUBMITTED TO THE ELECTED TREASURER, EXECUTIVE COMMITTEE, AND BOARD OF DIRECTORS ALONG WITH THE COMPLETED, CERTIFIED AUDIT. THE TREASURER REPORTS ON THIS ACTION AT THE SUBSQUENT MEETING OF THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE IWLA CONFLICT OF INTEREST POLICY FORM IS DISTRIBUTED TO EACH BOARD MEMBER. THE SIGNED STATEMENTS ARE COLLECTED AND REVIEWED BY THE PRESIDENT AND CEO, SHOULD ANY CONFLICT BE DISCLOSED, THE PRESIDENT NOTIFIES THE BOARD MEMBER TO RECUSE HIMSELF FROM ANY ACTION WHERE THEY HAVE A CONFLICT. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE PRESIDENT AND CEO IS RECOMMENDED BY THE EXECUTIVE COMMITTEE AND VOTED ON BY THE FULL BOARD AT THE ANNUAL MEETING OF THE BOARD OF DIRECTORS. AS PART OF THIS PROCESS, THE PRESIDENT AND CEO MUST SUBMIT A LIST OF THE OBJECTIVES ATTAINED AND/OR NOT ATTAINED FROM THE GOALS SET BY THE BOARD AND INCLUDED IN THE PRESIDENT AND CEO'S PERSONAL FILE. COMPARABLE SALARIES ARE ALSO CONSULTED. THE COMPENSATION OF THE VICE PRESIDENT IS ESTABLISHED BY THE PRESIDENT AND CEO AFTER HAVING A RANGE SET BY THE EXECUTIVE COMMITTEE THAT IS BASED UPON COMPARABLE SALARIES. |
| FORM 990, PART VI, SECTION C, LINE 19 | ALL OF OUR GOVERNING DOCUMENTS, ARTICLES OF INCORPORATION, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW AT THE CORPORATE OFFICES IN DES PLAINES, ILLINOIS. |
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