The Plumb Club Association

“Organization made reasonable effort to disclose any business and family relationships. To its knowledge there are no business relationship to disclose, however, due to the nature of the board members' activities, many may serve on multiple non-profit boards together, therefore, the organization is checking part vi, question 2 yes.”

“The plumb club association is a trade association. Therefore there are no shareholders, only members. Members are a unique coalition of leading, responsible and important suppliers spanning all facets of the jewelry, diamond and watch industries.”

“The members elect the board of directors.”

“The members elect the board of directors, review and approve revisions or amendments to their by-laws.”

“A draft of the form 990 is distributed to the executive committee for review prior to being submitted to the irs. The draft form 990 is distributed early enough to provide each committee member with a reasonable amount of time for review and submission of questions or comments prior to the filing deadline. The final form 990 is distributed to each board member prior to being filed with the irs. The draft and final form 990 may be distributed in person, by regular mail, email, or fax.”

“A conflict of interest policy questionnaire is sent to all board members on an annual basis who must sign a statement which affirms that they have received a copy of the conflict of interest policy, read and understand the policy and agree to comply with the policy. Directors review all questionnaires and agree to immediately notify president and executive director when conflicts arise.”

“The compensation of the executive director was reviewed by the board of directors and approved.”

“The organization makes its governing documents and financial statements prepared by management available by request.”

“The tax return has been prepared using the cash basis method of accounting. The box marked as accrual basis was inadvertently marked in error in prior years. There were no changes to the accounting method in the current year or adjustments required as the return has been consistenly prepared on cash basis.”