SCHEDULE O
(Form 990)

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.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2023
Open to Public
Inspection
Name of the organization
Charleston Apartment Association
 
Employer identification number

57-0987777
Return Reference Explanation
Officer directors etc family relationship Part VI line 2 Due to the organization having members from the rental market and the board members made up of said members there will be from time to time a business relationship between board members outside of the organization that does not interfere with the workings of the organization.
Members or stockholder classes and rights Part VI line 6 Membership is open to any person, firm, partnership, corproation, or other entity interested in the apartment industry, which meets the requirements as set forth within the bylaws under Article IV, Paragraph 4.04 and who shall otherwise qualify. Membership is divided into the following classifications:Owner/Operator MembershipAssociate MembershipHonorary Life MembersDirect Members
Member election for additional members Part VI line 7a The officers of the corporation shall be chosen by the General Membership. The officers shall be a President, Vice President, Secretary, and Treasurer. No person may hold more than one office at a time. All officers are automatically members of the Board. All officers must have previously served on the Board.Board of Directors:The business affairs and property of the corporation shall be managed and controlled by the Board of Directors. Directors must be residents of the state of South Carolina. Directors shall serve for a period of one, two (2) year term or until their successors are duly elected. No Director may serve more than four (4) consecutive terms on the Executive Board with the exception of the Immediate Past President.
Form 990 governing body review Part VI line 11 All business decisions are determined by a meeting of the Board of Directors, five (5) of the directors present in person and then in office, shall be necessary and sufficient to constitute a quorum for the transaction of business, and the act of a majority of the directors present at any meeting at which there is a quorum, shall be the act of the Board of Directors. This includes the review of Form 990 at the next Board Meeting prior to filing of the tax return.
Other officer or key employee compensation Part VI line 15b All business decisions are determined by a meeting of the Board of Directors, five (5) of the directors present in person and then in office, shall be necessary and sufficient to constitute a quorum for the transaction of business, and the act of a majority of the directors present at any meeting at which there is a quorum, shall be the act of the Board of Directors. This includes determining the compensation for the Account Executive, the only compensated position within the organization.
Governing documents etc available to public Part VI line 19 The governing documents, financial statements and any other documents available for public inspection will be provided upon request.
List of other expenses Part IX line 24e See Overflow Statement
General explanation attachment Pursuit of professional advancement of the apartment industry thoroughout the tri-county area of Charleston, SC. Offers members a chance to grow professionally and personally through educational opportunities, legislative participation, networking opportunities and charitable endeavors. Form 990-EZ, Part III, Line 31 - All other Accomplishment Costs of conferences, meetings, educational seminars.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2023


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