Space Coast Association of Realtors Inc

“The association has members.”

“An annual election is held every september. Candidates for the board submit a resume which is posted with the ballot. Members vote electronically.”

“Recommendations of the board that are subject to membership approval are submitted to the membership, clearly stating what the members are voting on. Each member is entitled to one vote. A quorum of 10% is required to conduct the vote. Unless otherwise stated in the bylaws, a simple majority of the votes cast is required for the recommendation to be approved.”

“The executive officer receives the form 990 from the outside accounting firm, reviews the information and signs the form giving the tax return preparer the authorization to file the tax return electronically. A copy of the form 990 is kept in the office for review.”

“At the beginning of each board of directors' meeting, the president reads a conflict of interest statement. At that time each director with a known conflict would disclose that conflict and the directors would vote whether it is an actual conflict or not. If it is determined to be a conflict of interest, that director would not participate in any discussion relative to the conflict.”

“Every three years the board of directors reviews the employment contract of the ceo. During that process the salary of the ceo is reviewed and based on historical job performance and salary statistics from the american society of association executives and/or salary statistics from the national association of realtors and/or florida association of realtors. On an annual basis the budget and finance committee recommends to the board of directors cost of living adjustments to the ceo salary pursuant to the employment contract. All salary adjustments are reviewed and approved by the budget and finance committee and the board of directors. The ceo reviews officer and key employee performance annually.”

“The governing documents are on the association's website. The previous 3 years' irs form 990 are available in a binder for inspection upon request. Public inspection of other financial statements are available by written request of the party, subject to advice of cpa and attorney.”