SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
VIRGINIA PENINSULA ASSOCIATION OF REALTORS INC
 
Employer identification number

54-0647947
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 6 ALL NEW MEMBERS MUST APPLY FOR MEMBERSHIP AND PAY A FEE EACH YEAR TO MAINTAIN MEMBERSHIP. VPAR HAS REALTORS AND REAL ESTATE AGENCIES FROM THE VIRGINIA PENINSULA AND SURROUNDING COMMUNITIES AS MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF VPAR MAY PARTICIPATE IN THE ANNUAL ELECTION OF BOARD MEMBERS. MEMBERS ARE NOTIFIED WHEN THE VOTING WILL BE HELD AND ARE REQUIRED TO COME IN PERSON TO THE VPAR OFFICE TO VOTE.
FORM 990, PART VI, SECTION A, LINE 7B VPAR IS A MEMBERSHIP ORGANIZATION AND, WHILE THE BOARD OF DIRECTORS IS AUTHORIZED TO MANAGE THE AFFAIRS OF THE ORGANIZATION, CERTAIN DECISIONS OF THE BOARD REQUIRE FULL MEMBERSHIP APPROVAL (E.G. - AMENDMENT OF THE ARTICLES OF INCORPORATION OR BY-LAWS).
FORM 990, PART VI, SECTION B, LINE 11 VPAR'S FORM 990 IS REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND THE BOARD TREASURER AND A COPY PROVIDED TO EVERY MEMBER OF THE BOARD BEFORE IT IS SIGNED AND FILED.
FORM 990, PART VI, SECTION B, LINE 15A VPAR'S BOARD OF DIRECTORS ESTABLISH THE SALARY OF THE CHIEF EXECUTIVE OFFICER BASED ON SALARY DATA OF OTHER ORGANIZATIONS LIKE VPAR ACROSS THE COUNTRY. THE CHIEF EXECUTIVE OFFICER ESTABLISHES ALL OTHER SALARIES WITHIN THE PARAMETERS OF THE ANNUAL BUDGET APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19 VPAR MAKES THEIR GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO ALL MEMBERS AND, UPON REQUEST AND ESTABLISHING A REASONABLE NEED, TO ANYONE ELSE WHO MAY REQUEST THEM.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


Software ID:  
Software Version: