| Return Reference | Explanation |
|---|---|
| Pt VI, Line 6 | The associations membership is made up of self storage owners and operators in Texas. |
| Pt VI, Line 7a | All members vote to elect the Board of Directors. Three new directors are elected each year. Additionally, vendor members elect one representative annually to the Board of Directors. |
| Pt VI, Line 7b | The decisions of the Board of Directors are subject to approval of the members only if the change would affect the associations articles of incorporation. |
| Pt VI, Line 11b | Both the Executive and Finance Committees, as well as any Board members, will complete an initial review with the preparing CPA and make a recommendation to the Board whether or not to approve the return. The entire Board subsequently reviews the return and will vote for approval at a Board meeting before filing. |
| Pt VI, Line 12c | The Executive Director reviews the conflict of interest policy with Directors at the annual planning session. All Directors sign an acknowledgement that they have read and understand the policy. If issues arise before the Board that involve a Director, that Director is asked to abstain from discussion and leave the room during voting. |
| Pt VI, Line 15a | The Executive and Finance Committees review comparable compensation data and make a recommendation to the full Board regarding compensation of the Executive Director. There are no other key staff members or paid officers, but the Finance Committee reviews total proposed compensation for all exempt staff before presenting the annual budget for approval by the Board. The Executive Director determines the salary for each employee. |
| Pt VI, Line 15b | The Finance Committee reviews total proposed compensation for all exempt staff before presenting the annual budget for approval by the Board. The Executive Director determines the salary for each employee including key employees. There are no paid officers. |
| Pt VI, Line 19 | Governing documents, conflict of interest policy, and financial statements are available for review in person or mailed copies upon request. |
| Software ID: | 25022686 |
| Software Version: |