| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | THE COUNCIL PROVIDES TECHNICAL INFORMATION TO HELICOPTER OPERATORS LOCATED PRIMARILY IN NEW YORK, NEW JERSEY AND CONNECTICUT. THE COUNCIL HAS FOUR REGULAR MEETINGS AND ADDITIONAL SEMINARS. THE CONTENT OF THE MEETINGS IS ENTIRELY EDUCATIONAL AND INCLUDES SPEAKERS FROM THE INDUSTRY WHO DISCUSS TECHNICAL ISSUES AFFECTING THE PILOTS. THE COUNCIL ALSO PUBLISHES A HELIPORT DIRECTORY FOR THE MAJOR NEW YORK AIRPORTS. THE COUNCIL ALSO COORDINATES THE EFFORTS OF ITS MEMBERS TO IMPROVE ACCESS TO LOCAL AIRPORTS BY HIRING CONSULTANTS AND ATTORNEYS TO REPRESENT THE INTEREST OF THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION ESTABLISHED FINANCIAL PROTOCOLS. THESE PROTOCOLS ADDRESS BUDGETING, REVENUE RECOGNITION, EXPENSE MANAGEMENT AND REPORTING, FINANCIAL REPORTING, CASH FLOW MANAGEMENT, AUDIT AND COMPLIANCE, FINANCIAL CONTROLS, INVESTMENT MANAGEMENT, EXPENSE REIMBURSEMENT, AND TRAINING AND AWARENESS. BY ADOPTING THESE FINANCIAL PROTOCOLS, THE ORGANIATION WILL ENHNACE THE INTEGRITY, EFFICIENCY, AND ACCOUNTABILITY OF ITS FINANCIAL OPERATIONS. ANNUAL REVIEW AND TIMELY UPDATES TO THESE PROTOCOLS WILL ENSURE THEY REMIAN EFFECTIVE AND COMPLIANCE WITH APPLICABLE LAWS AND STANDARDS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS HAVE THE ABILITY TO ELECT ONE OR MORE MEMBERS TO THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE TREASURER REVIEWS THE COMPLETED FORM 990 WITH THE CHAIRMAN OF THE BOARD TO ENSURE ACCURACY AND COMPLETENESS BEFORE THE RETURN IS FINALIZED AND FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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