TY 2019 Form 990 Schedule O

efile Public Visual Render ObjectId: 202131199349300403 - Submission: 2021-04-29 TIN: 57-6033601

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

2019

Open to Public
Inspection

Name of the organization

SOUTH CAROLINA ECONOMIC DEVELOPERS'
ASSOCIATION

Employer identification number

57-6033601

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 3	THE MANAGEMENT FUNCTION IS PERFORMED VIA CAPITAL CONSULTANTS, INC.
FORM 990, PART VI, SECTION A, LINE 6	THERE ARE 2 TYPES OF MEMBERSHIP - REGULAR MEMBERS AND RETIRED MEMBERS. MEMBERS NOMINATE MEMBERS FOR THE BOARD AND THE NOMINATING COMMITTEE PUT TOGETHER A SLATE OF OFFICERS FOR THE BOARD AND ULTIMATELY THE MEMBERSHIP OF SCEDA APPROVES. THE GOVERNANCE DECISIONS ARE VOTED UPON BY THE MEMBERSHIP AT THE ANNUAL CONFERENCE IN MAY.
FORM 990, PART VI, SECTION A, LINE 7A	MEMBERS NOMINATE MEMBERS FOR THE BOARD AND THE NOMINATING COMMITTEE PUTS TOGETHER A SLATE OF OFFICERS FOR THE BOARD AND ULTIMATELY THE MEMBERSHIP OF SCEDA APPROVES. THE GOVERNANCE DECISIONS ARE VOTED UPON BY THE MEMBERSHIP AT THE ANNUAL CONFERENCE IN MAY.
FORM 990, PART VI, SECTION A, LINE 7B	THE GOVERNANCE DECISIONS ARE VOTED UPON BY THE MEMBERSHIP AT THE ANNUAL CONFERENCE IN MAY.
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE 990 IS AVALIABLE TO THE BOARD FOR REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD MAINTAINS A CONFLICTS OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS BY ALL DIRECTORS. IF AN ISSUE IS TO BE DECIDED BY THE BOARD THAT INVOLVED A POTENTIAL CONFLICT OF INTEREST FOR A BOARD MEMBER, IT IS THE RESPONSIBILITY OF THAT BOARD MEMBER TO RECUSE THEMSELVES FROM ALL DISCUSSIONS AND/OR VOTE ON THE MATTER.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVALIABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:	SCEDA TREASURER, PRESIDENT AND ASSOCIATION EXECUTIVE REVIEW THE DRAFT AND THE FINANCIAL AUDIT IS PRESENTED TO THE FULL SCEDA BOARD.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 3

THE MANAGEMENT FUNCTION IS PERFORMED VIA CAPITAL CONSULTANTS, INC.

FORM 990, PART VI, SECTION A, LINE 6

THERE ARE 2 TYPES OF MEMBERSHIP - REGULAR MEMBERS AND RETIRED MEMBERS. MEMBERS NOMINATE MEMBERS FOR THE BOARD AND THE NOMINATING COMMITTEE PUT TOGETHER A SLATE OF OFFICERS FOR THE BOARD AND ULTIMATELY THE MEMBERSHIP OF SCEDA APPROVES. THE GOVERNANCE DECISIONS ARE VOTED UPON BY THE MEMBERSHIP AT THE ANNUAL CONFERENCE IN MAY.

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

MEMBERS NOMINATE MEMBERS FOR THE BOARD AND THE NOMINATING COMMITTEE PUTS TOGETHER A SLATE OF OFFICERS FOR THE BOARD AND ULTIMATELY THE MEMBERSHIP OF SCEDA APPROVES. THE GOVERNANCE DECISIONS ARE VOTED UPON BY THE MEMBERSHIP AT THE ANNUAL CONFERENCE IN MAY.

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

THE GOVERNANCE DECISIONS ARE VOTED UPON BY THE MEMBERSHIP AT THE ANNUAL CONFERENCE IN MAY.

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

A COPY OF THE 990 IS AVALIABLE TO THE BOARD FOR REVIEW PRIOR TO FILING.

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

THE BOARD MAINTAINS A CONFLICTS OF INTEREST POLICY WHICH IS REVIEWED AND SIGNED ON AN ANNUAL BASIS BY ALL DIRECTORS. IF AN ISSUE IS TO BE DECIDED BY THE BOARD THAT INVOLVED A POTENTIAL CONFLICT OF INTEREST FOR A BOARD MEMBER, IT IS THE RESPONSIBILITY OF THAT BOARD MEMBER TO RECUSE THEMSELVES FROM ALL DISCUSSIONS AND/OR VOTE ON THE MATTER.

FORM 990, PART VI, SECTION C, LINE 19

GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVALIABLE UPON REQUEST.

FORM 990, PART XII, LINE 2C:

SCEDA TREASURER, PRESIDENT AND ASSOCIATION EXECUTIVE REVIEW THE DRAFT AND THE FINANCIAL AUDIT IS PRESENTED TO THE FULL SCEDA BOARD.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

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