Iowa Automobile Dealers Association

“The iowa automobile dealers association has members which are dues-paying, franchised automobile dealers licensed in the state of iowa.”

“Regular members, consisting of dues-paying, franchised automobile dealers licensed in the state of iowa elect the members of the governing body.”

“Each regular member shall be entitled to one vote on each matter submitted to a vote of the members.”

“A draft copy of the form 990 is distributed to each member of the board of directors for review and approval not less than 7 days before the filing of the form. This review includes an overview of the form and discussions related to key sections. Affirmative responses of a majority of the board is required prior to filing and any member of the board of directors may call a meeting of the full board regarding the form 990 review and approval. The board of directors has the authority to oversee the completion and filing of the form 990. Copies of the final form 990 are made available to all of the board of directors.”

“All persons covered by iowa automobile dealers association conflict of interest policy shall annually sign a statement that affirms that he or she has (a) received a copy of the policy, (b) read and understood the policy, and (c) agreed to comply with the policy. This policy shall be reviewed annually for the information and guidance of directors, officers and employees and new directors, officers and employees shall be advised of the policy. The iada entities will conduct periodic reviews of their activities, including any transactions with interested parties, to ensure that their activities in the aggregate promote and further their respective purpose.”

“An annual independent review is conducted by the board's executive committee, which follows the requirements set forth in the irs rebuttable presumption of reasonableness in determining compensation for the president. In addition, the executive committee utilizes surveys and studies from asae (american society of association executives) and atae (automotive trade association executives), isae (iowa society of association executives) to serve as benchmarks.”

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“IADA Services, Inc. files Forms W-2, W-3 and required federal employment tax returns on behalf of Iowa Automobile Dealers Association. Compensation reported in Part VII, Section A, Column D is the allocation of reportable compensation to this organization from IADA Services, Inc.”

“Change in iada services, inc. Investment - 413802;”