FORM 990, PART VI, SECTION A, LINE 6 |
THE ASSOCIATION IS A MEMBERSHIP ORGANIZATION COMPRISED OF APPROXIMATELY 200 REPRESENTATIVES INVOLVED IN THE TRADE OF FRAGRANCES AND FRAGRANCE INGREDIENTS. |
FORM 990, PART VI, SECTION A, LINE 7A |
OFFICERS AND DIRECTORS SHALL BE ELECTED AT EACH ANNUAL MEETING OF THE MEMBERS. |
FORM 990, PART VI, SECTION A, LINE 7B |
EACH ACTIVE MEMBER SHALL BE ENTITLED TO ONE VOTE UPON EACH MATTER SUBMITTED TO A VOTE AT A MEETING OF MEMBERS. MEMBERS APPROVE THE BOARD-PREPARED ANNUAL BUDGET AND ANNUAL DUES SCHEDULE AT THE MEETING. |
FORM 990, PART VI, SECTION B, LINE 11B |
THIS FORM 990 IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. THE CHAIRMAN, TREASURER AND PRESIDENT ARE THE PRIMARY REVIEWERS. A DRAFT COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS ELECTRONICALLY BEFORE THE 990 IS FILED WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE BOARD MEMBERS OF THE ASSOCIATION ARE FAMILIAR WITH THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE, IN WRITING, TO THE BOARD, ANY INTEREST THAT MIGHT CONFLICT WITH THE ASSOCIATION OR THAT POLICY AT LEAST ANNUALLY OR WHEN SUCH A SITUATION ARISES. NEW BOARD MEMBERS ARE THOROUGHLY BRIEFED ON THE POLICY AND CONTINUING MEMBERS ARE REGULARLY REMINDED. |
FORM 990, PART VI, SECTION B, LINE 15A |
THE EXECUTIVE COMMITTEE WAS PROVIDED WITH STATISTICAL SALARY BENCHMARKING DATA FOR SALARIES OF THE ASSOCIATION'S PRESIDENT AND KEY STAFF. |
FORM 990, PART VI, SECTION C, LINE 18 |
THE ASSOCIATION COMPLIES WITH IRC SECTION 6104 AND MAKES ITS FORM 1024 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE ASSOCIATIONS'S GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE. |
FORM 990, PART XI, LINE 9: |
PPP LOAN FORGIVEN IN 2022 -150,000. |
FORM 990, PART XII, LINE 2C: |
THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE YEAR. |