TY 2020 Form 990 Schedule O

efile Public Visual Render ObjectId: 202112159349301246 - Submission: 2021-08-03 TIN: 22-2238037

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.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2020

Open to Public
Inspection

Name of the organization

SOCIETY OF WINE EDUCATORS INC

Employer identification number

22-2238037

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION'S MEMBERSHIP IS COMPRISED OF INDIVIDUALS AND ENTITIES INTERESTED IN THE FIELD OF WINE EDUCATION.
FORM 990, PART VI, SECTION A, LINE 7A	THE ORGANIZATION'S MEMBERSHIP VOTES YEARLY ON A LIST OF NOMINEES. INDIVIDUALS WITH THE HIGHEST NUMBERS OF VOTES ARE ELECTED TO THE BOARD OF DIRECTORS FOR 2 YEAR TERMS.
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION'S FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS WITH ASSISTANCE FROM THE ORGANIZATION'S EXECUTIVE MANAGEMENT. A DRAFT OF THE FORM WAS REVIEWED BY THE ORGANIZATION'S ACCOUNTANT. THE FINAL FORM 990 WAS DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12C	NO LATER THAN THE FIRST DAY OF JANUARY OF EACH YEAR, EACH DIRECTOR AND OFFICER ACKNOWLEDGES HIS OR HER FAMILIARITY WITH THIS POLICY AND DISCLOSES IN WRITING TO THE PRESIDENT OF THE BOARD ANY EXISTING FINANCIAL, CO-INVESTMENT OR OTHER MATERIAL INTERESTS SUBJECT TO THIS POLICY BY COMPLETING A CONFLICT OF INTEREST DISCLOSURE STATEMENT. EACH DIRECTOR AND EACH OFFICER OF THE CORPORATION PROMPTLY DISCLOSES ANY DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST WHICH HE OR SHE HAS OR REASONABLY EXPECTS TO HAVE IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE CORPORATION PRIOR TO THE START OF ANY NEGOTIATIONS WITH RESPECT TO SUCH MATTER. A DIRECT OR INDIRECT FINANCIAL INTEREST REQUIRED TO BE DISCLOSED UNDER THIS POLICY IS DISCLOSED IN WRITING TO THE PRESIDENT OF THE BOARD OF DIRECTORS. SUCH DISCLOSURE INCLUDES ALL MATERIAL FACTS AND SUPPLIES ANY REASONS WHY THE ARRANGEMENT MIGHT OR MIGHT NOT BE IN THE BEST INTEREST OF THE CORPORATION. THE PRESIDENT REFERS THE ISSUE TO THE FULL BOARD OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION (THE "BOARD OR COMMITTEE"). THE DIRECTOR OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST IN A PROPOSED OR EXISTING ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BOARD OR COMMITTEE, BUT AFTER SUCH PRESENTATION, HE OR SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. AS PART OF ANY PRESENTATION, THE DIRECTOR OR OFFICER PROVIDES TO THE BOARD OR COMMITTEE ANY REASONS WHY THE ARRANGEMENT MIGHT OR MIGHT NOT BE IN THE BEST INTEREST OF THE CORPORATION. THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT. IF A MORE ADVANTAGEOUS CONTRACT, TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY MAJORITY VOTE OF THE DISINTERESTED MEMBERS OF THE BOARD OR COMMITTEE WHETHER THE ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE TO THE CORPORATION AND MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR OR OFFICER HAS FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST OR A CO-INVESTMENT INTEREST SUBJECT TO THIS POLICY, IT INFORMS THE DIRECTOR OR OFFICER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE DIRECTOR OR OFFICER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF SUCH INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE DIRECTOR OR OFFICER HAS IN FACT FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST OR CO-INVESTMENT INTEREST SUBJECT TO THIS POLICY, IT TAKES APPROPRIATE CORRECTIVE ACTION.
FORM 990, PART VI, SECTION B, LINE 15	THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE TREASURER AND THE PRESIDENT OF THE BOARD OF DIRECTORS. THE GENERAL MANAGER DETERMINES THE COMPENSATION OF THE ORGANIZATION'S OTHER EMPLOYEES. THE LAST COMPENSATION REVIEW TOOK PLACE DECEMBER 2020.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE ORGANIZATION'S MEMBERSHIP IS COMPRISED OF INDIVIDUALS AND ENTITIES INTERESTED IN THE FIELD OF WINE EDUCATION.

FORM 990, PART VI, SECTION A, LINE 7A

THE ORGANIZATION'S MEMBERSHIP VOTES YEARLY ON A LIST OF NOMINEES. INDIVIDUALS WITH THE HIGHEST NUMBERS OF VOTES ARE ELECTED TO THE BOARD OF DIRECTORS FOR 2 YEAR TERMS.

FORM 990, PART VI, SECTION B, LINE 11B

THE ORGANIZATION'S FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS WITH ASSISTANCE FROM THE ORGANIZATION'S EXECUTIVE MANAGEMENT. A DRAFT OF THE FORM WAS REVIEWED BY THE ORGANIZATION'S ACCOUNTANT. THE FINAL FORM 990 WAS DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE FILING.

FORM 990, PART VI, SECTION B, LINE 12C

NO LATER THAN THE FIRST DAY OF JANUARY OF EACH YEAR, EACH DIRECTOR AND OFFICER ACKNOWLEDGES HIS OR HER FAMILIARITY WITH THIS POLICY AND DISCLOSES IN WRITING TO THE PRESIDENT OF THE BOARD ANY EXISTING FINANCIAL, CO-INVESTMENT OR OTHER MATERIAL INTERESTS SUBJECT TO THIS POLICY BY COMPLETING A CONFLICT OF INTEREST DISCLOSURE STATEMENT. EACH DIRECTOR AND EACH OFFICER OF THE CORPORATION PROMPTLY DISCLOSES ANY DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST WHICH HE OR SHE HAS OR REASONABLY EXPECTS TO HAVE IN ANY PROPOSED OR EXISTING ARRANGEMENT WITH THE CORPORATION PRIOR TO THE START OF ANY NEGOTIATIONS WITH RESPECT TO SUCH MATTER. A DIRECT OR INDIRECT FINANCIAL INTEREST REQUIRED TO BE DISCLOSED UNDER THIS POLICY IS DISCLOSED IN WRITING TO THE PRESIDENT OF THE BOARD OF DIRECTORS. SUCH DISCLOSURE INCLUDES ALL MATERIAL FACTS AND SUPPLIES ANY REASONS WHY THE ARRANGEMENT MIGHT OR MIGHT NOT BE IN THE BEST INTEREST OF THE CORPORATION. THE PRESIDENT REFERS THE ISSUE TO THE FULL BOARD OR OTHER BOARD COMMITTEE HAVING DECISION-MAKING AUTHORITY OVER THE SUBSTANTIVE MATTER IN QUESTION (THE "BOARD OR COMMITTEE"). THE DIRECTOR OR OFFICER WHO DISCLOSES A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST IN A PROPOSED OR EXISTING ARRANGEMENT MAY MAKE A PRESENTATION AND RESPOND TO QUESTIONS BY THE BOARD OR COMMITTEE, BUT AFTER SUCH PRESENTATION, HE OR SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND VOTE ON, THE ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. AS PART OF ANY PRESENTATION, THE DIRECTOR OR OFFICER PROVIDES TO THE BOARD OR COMMITTEE ANY REASONS WHY THE ARRANGEMENT MIGHT OR MIGHT NOT BE IN THE BEST INTEREST OF THE CORPORATION. THE BOARD OR COMMITTEE DETERMINES WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT. IF A MORE ADVANTAGEOUS CONTRACT, TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE DETERMINES BY MAJORITY VOTE OF THE DISINTERESTED MEMBERS OF THE BOARD OR COMMITTEE WHETHER THE ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND WHETHER IT IS FAIR AND REASONABLE TO THE CORPORATION AND MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR OR OFFICER HAS FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST OR A CO-INVESTMENT INTEREST SUBJECT TO THIS POLICY, IT INFORMS THE DIRECTOR OR OFFICER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE DIRECTOR OR OFFICER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE RESPONSE OF SUCH INDIVIDUAL AND MAKING SUCH FURTHER INVESTIGATION AS MAY BE WARRANTED IN THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THAT THE DIRECTOR OR OFFICER HAS IN FACT FAILED TO DISCLOSE A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST OR CO-INVESTMENT INTEREST SUBJECT TO THIS POLICY, IT TAKES APPROPRIATE CORRECTIVE ACTION.

FORM 990, PART VI, SECTION B, LINE 15

THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE TREASURER AND THE PRESIDENT OF THE BOARD OF DIRECTORS. THE GENERAL MANAGER DETERMINES THE COMPENSATION OF THE ORGANIZATION'S OTHER EMPLOYEES. THE LAST COMPENSATION REVIEW TOOK PLACE DECEMBER 2020.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2020

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