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FORM 990, PART VI, SECTION B, LINE 11B | MANAGEMENT WILL PRESENT A COPY OF THE FORM 990 TO THE FINANCE AND EXECUTIVE COMMITTEES OF THE BOARD FOR DISCUSSION, REVIEW, AND APPROVAL. THE COMMITTEE WILL PRESENT A REVIEWED COPY TO THE FULL BOARD PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, THE OFFICERS AND THE BOARD OF DIRECTOR ARE REQUIRED TO REVIEW THE POLICIES OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MAY VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. BOARD MEMBERS ARE NOT COMPENSATED AND BOARD MEMBERS MUST SUSTAIN FROM VOTING ON ANY BUSINESS TRANSACTION THAT ARISE BETWEEN A BOARD MEMBER'S PLACE OF BUSINESS AND THE ORGANIZATION. BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY TO ENSURE EACH BOARD MEMBER IS AWARE OF THE POLICY AND TO OUTLINE ANY NEWLY DEVELOPED CONFLICTS FROM YEAR TO YEAR. |
FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS USES FORM 990 OF OTHER SIMILAR ORGANIZATIONS AND A COMPENSATION SURVEY WHEN DETERMINING THE EXECUTIVE DIRECTORS COMPENSATION. THE DELIBERATION AND DECISION IS DOCUMENTED IN THE BOARD MINUTES. THE EXECUTIVE DIRECTOR IS THE ONLY EMPLOYEE MEETING THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE. |
FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS TO ANYONE WHO REQUESTS A COPY OF ANY SUCH DOCUMENT. ALL REQUESTS SHOULD BE MADE AT THE ORGANIZATION'S OFFICES IN LUBBOCK, TX. |
FORM 990, PART XII, LINE 2C | THE BOARD OF DIRECTORS HAVE ASSIGNED MEMBERS TO A FINANCE COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
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