| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | LIZ WILLIAMS OF PRECISION ASSOCIATION MANAGEMENT (ASSOCIATION MANAGEMENT COMPANY) SERVES AS EXECUTIVE DIRECTOR (NON-VOTING POSITION). THE ORGANIZATION REMITS MANAGEMENT FEES TO PRECISION ASSOCIATION MANAGEMENT FOR THESE SERVICES. PLEASE REFER TO PART VII, SECTION A, LINE 1A OF THIS RETURN. THE ORGANIZATION PAID MANAGEMENT FEES TO PRECISION ASSOCIATION MANAGEMENT FOR THESE SERVICES IN THE AMOUNT OF $118,874 FOR THE FISCAL YEAR ENDED APRIL 30, 2026. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORMS 990 AND 990T ARE GIVEN TO THE EXECUTIVE DIRECTOR WHO PASSES THE TAX FORMS TO THE EXECUTIVE BOARD FOR REVIEW. THE GOVERNING BODY REVIEWS THE FINANCIAL STATEMENTS SINCE AN AUDIT IS NOT REQUIRED BY THE ASSOCIATION. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTOR'S HANDBOOK CONTAINS CONFLICT OF INTEREST POLICY. THIS HANDBOOK IS ADMINISTERED TO ALL DIRECTORS IN THE ASSOCIATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SDA EXECUTIVE COMMITTEE AND FINANCE COMMITTEES REVIEW AND APPROVE COMPENSATION LEVELS FOR THE ONE PAID OFFICER (EXECUTIVE DIRECTOR) IN THE ASSOCIATION AND ARE MADE AWARE OF ASAE AND TSAE COMPENSATION COMPARABILITY GUIDELINES DURING THE BUDGET APPROVAL PROCESS. COMPENSATION FOR THE ASSOCIATION IS REVIEWED AND APPROVED BY THE EXECUTIVE AND FINANCE COMMITTEES. THE COMMITTEES ARE MADE AWARE OF THE ASAE AND TSAE COMPENSATION COMPARABILITY GUIDELINES FOR THE ASSOCIATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE DIRECTOR'S HANDBOOK CONTAINS A CONFLICT OF INTEREST POLICY. THIS HANDBOOK IS REQUIRED TO BE PROVIDED AND ADMINISTERED TO ALL DIRECTORS IN THE ASSOCIATION. |
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