Iowa-Nebraska Farm Equipment Association Inc

“The association has two kinds of members, regular and associate. An individual, partnership or corporation regularly engaged in the retail farm, industrial, construction or lawn and garden equipment business in the states of iowa and nebraska, and in adjacent states, carrying a stock of farm industrial, construction, or lawn and garden equipment repair parts, and maintaining a service department commensurate with the demands of the community in which the business is located shall be eligible for regular membership upon payment of dues. Any individual or entity affliated with the manufacturing or distribution of merchandise usually handled by regular members or provides services for regular members and who is willing to cooperate with the association shall be eligible for associate or corporate associate membership upon payment of dues.”

“The past chairman shall send a nominating ballot to the members of each state in which an election is to occur. Upon return of the ballots from the members, the past chairman shall then mail an election ballot to each member in the voting state. The results of the election shall be announced at the next annual meeting.”

“A copy of the 990 is provided to the board members for review. It is then discussed at the fall board meeting where a resolution to approve the 990 is completed.”

“Iowa-nebraska farm equipment association's officers and directors will annually disclose or update to the chairman of the board of directors their interests that could give rise to conflicts of interest. The chairman will determine whether to (1) take no action; (2) assure full disclosure to the board of directors and other individuals covered by this policy; (3) ask the person to recuse from participation in related discussions; or (4) ask the person to resign from his or her position. The president/ceo will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts.”

“Compensation process for top official executive compensation is reviewed annually by the executive committee, who are independent for compensation purposes, and comparisons are made with data from outside surveys and studies.”

“The association makes its documents available to the members and the public upon request. The association will review the documents with the member requesting them. The general public may come to the association's office and review the documents. These documents are available for the same period of time as described in internal revenue code section 6104(d) for other public disclosure documents.”

“The organization's employees receive w-2's issued by a related organization, farm equipment dealer service inc. For their work which is performed for both entities. Farm equipment dealer service, inc. Also files all required w-2's for the employees. The amounts reflected on part ix lines 5-10 are being reported as if the organization had filed w-2's under their own ein.”

“INCOME FROM SUBSIDIARY - 35278; Total - 35278;”