Electronics Representatives Association

“Organization members are businesses who are independent sales firms of electronic components and products, participating electronics distributors and electronics manufacturers. The firms become members by paying annual dues. They are members as long, and only as long as they pay dues. There are no shareholders.”

“Members can join as long as they establish that they are in the business of electronics. Members elect the Board of Directors based upon their geographic area, and the Board, in turn, elects the officers.”

“Members vote on changes to the by-laws. They also vote to elect board members.”

“Local chapters are independent organizations with their own officers and board of directors. they file their own tax forms and are financially independent. They are required to maintain by-laws consistent with the nationalorganization. In some cases, at the request of the local chapters, the national organization has performed some administrative functions such as billing and collecting their annual dues. Reasonable fees are charged to the chapters for this service.”

“A review is conducted by the Chief Financial officer and the CEO. A review is not conducted by the entire executive committee.”

“The executive committee and the board of directors are not paid and are not employees of ERA, but they may be reimbursed for travel expenses. The executive committee determines the pay of the CEO. While the CEO is a member of the executive committee, he does not have a vote, and is excluded from any conference regarding his pay. The pay of other positions is determined by the CEO.”

“Governing documents are available at the organization office for inspection upon request.”

“The forms 990 and 990T are prepared by a CPA and submitted to the Chief operating officer for review before filing. While an audit is not conducted, questions are asked of the ERA staff in preparing the forms.”