Return Reference | Explanation |
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FORM 990 PART VI SECTION B Q.11B - GOVERNING BODY AND MANAGEMENT | BDO PREPARES THE 990 BASED UPON INFORMATION PROVIDED BY LOS ANGELES TOURISM MARKETING DISTRICT CORPORATION AND THIS 990 IS REVIEWED BY THE CFO WHO ENSURES IT IS CORRECT. HE IS AUTHORIZED BY THE BOARD OF DIRECTORS TO APPROVE AND FILE THE RETURN. |
FORM 990 PART VI SECTION B Q.12C - POLICIES | Officers, directors, trustees and key employees are required annually to complete a questionnaire of any interests that could give rise to conflicts. They are also required during the year to notify the organization of any new conflict of interest. |
FORM 990 PART VI SECTION C Q.19 - DISCLOSURE | FORM 990, THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
FORM 990 PART VI SECTION A Q.3 - MANAGEMENT COMPANY | LOS ANGELES TOURISM MARKETING DISTRICT CORPORATION (THE "CORPORATION") CONTRACTED WITH LOS ANGELES TOURISM AND CONVENTION BOARD (THE "BOARD"), A RELATED PARTY, TO PROVIDE ALL MARKETING AND ADMINISTRATION SERVICES FOR A PERIOD OF FIVE YEARS, ENDING ON MARCH 31, 2016. THE BOARD PROVIDES ALL CASH RECEIPT AND DISBURSEMENT FUNCTIONS ASSOCIATED WITH THE OPERATION OF THE CORPORATION. SEVERAL OFFICERS AND KEY EMPLOYEES OF THE BOARD PROVIDE MANAGEMENT SERVICES TO THE CORPORATION UNDER THE TERMS OF A MANAGEMENT SERVICE CONTRACT. THESE PERSONS ARE NOT OFFICERS, DIRECTORS, KEY EMPLOYEES, MANAGEMENT OFFICIALS OR TOP FINANCIAL OFFICALS OF THE CORPORATION. ADDITIONALLY, THEY DO NOT EARN A SALARY DIRECTLY FROM THE CORPORATION. THE BOARD IS REIMBURSED FOR THE EXPENSES INCURRED AS A RESULT OF PROVIDING SERVICES TO THE CORPORATION. |
FORM 990 SCHEDULE D, PART X, LINE 2 - FIN 48 FOOTNOTE | Under FASB ASC 740, Income taxes, the Company is required to recognize a liability for each uncertain tax position at the amount estimated to be required to settle the issues. As of June 30, 2015 and 2014, there were no liabilities recorded for uncertain tax positions. |
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