FORM 990, PART VI, SECTION A, LINE 6 |
EACH NEW MEMBER IS OFFERED THE OPTION TO PURCHASE STOCK IN THE NON-PRIVATE ORGANIZATION WHEN THEY FIRST JOIN THE ORGANIZATION. MEMBERS THAT OWN STOCK ARE THE ONLY MEMBERS ALLOWED TO VOTE. |
FORM 990, PART VI, SECTION A, LINE 7A |
THE VOTING MEMBERS VOTE AND ELECT THE BOARD OF DIRECTORS EACH YEAR. BOARD MEMBERS ARE ELECTED TO SERVE A THREE YEAR TERM. A NEW SET OF DIRECTORS IS ELECTED EACH YEAR. |
FORM 990, PART VI, SECTION A, LINE 7B |
ALL MAJOR BOARD DECISIONS ARE SUBJECT TO APPROVAL OF THE VOTING MEMBERS. |
FORM 990, PART VI, SECTION B, LINE 11B |
FORM 990 IS AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY. IT IS REVIEWED BY THE ORGANIZATION'S TREASURER AND PRESIDENT BEFORE FILING. |
FORM 990, PART VI, SECTION B, LINE 15 |
THE BOARD OF DIRECTORS REVIEW, APPROVE AND SIGN ALL MAJOR EMPLOYEE CONTRACTS. COMPENSATION IS DETERMINED BY THE BOARD BY COMPARING REGIONAL AND LOCAL INDUSTRY DATA. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE RULES AND REGULATIONS OF THE ORGANIZATION ARE AVAILBLE ON THE ORGANIZATION'S WEBSITE. EACH NEW MEMBER THAT JOINS THE ORGANIZATION IS GIVEN A COPY. A COPY OF THE CONSTITUTION AND BY-LAWS ARE AVAILABLE IN THE MAIN OFFICE UPON REQUEST. ALL NEW BOARD MEMBERS ALSO RECEIVE A COPY OF THE CONSTITUTION AND BY-LAWS. A COPY OF THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE TO ANY MEMBER UPON REQUEST. |
FORM 990, PART XI, LINE 9: |
NET REDEMPTION OF MEMBER'S CAPITAL STOCK -2,800. NET REDEMPTION OF MEMBER'S CONTRIBUTED CAPITAL -5,600. |
PART XII, LINE 2C |
NO CHANGE FROM THE PRIOR YEAR. |