St Louis Apartment Association

“Director shawna lipp and director mason lipp have a family relationship.”

“Effective july 14, 2014, the organization's board of directors ratified and revised the by-laws to add another voting member to the executive board and change the structure and powers of the executive committee.”

“The organization has three classes of members: -owner/developer/manager members shall be any corporation, partnership, firm or person who owns develops or manages rental housing. Property owners, property developers, property managers, and licensed real estate brokers shall be entitled to all rights and privileges equally. -supplier members shall be vendors of goods and/or services to rental housing owners. -individual/sustaining members shall be supporters of the association but shall have limited rights. Any number of employees of members may be registered to receive full privileges to participate in cam, caps, camt, nalp or other educational programs, meetings and trade shows of this association.”

“The board of directors is elected by the general membership at the association's annual meeting. Only members in good standing can participate in the voting process. Further, only members in good standing of the association can stand for and be elected as members of the board of directors.”

“Decisions that are made by the board of directors must be approved by a vote of the members.”

“There are no committees with the authority to act on behalf of the governing body.”

“The form 990 is prepared by an independent public accounting firm and is reviewed by the organization's treasurer and association executive prior to submission to irs.”

“Any known conflict of interest is required to be promptly disclosed. The president is responsible for determining and recommending to the chairman any possible exceptions to the policy. The president will present the recommendation to the board for consideration and approval. The board approval must meet the association requirements for majority of a quorum that is needed to approve any other action.”

“The management official's compensation must be approved every year by a vote of the current board president, vice president, secretary, treasurer, and immediate past president. There are no other compensated officers or key employees of the association. Therefore, at this time there is no additional process for determining compensation for these positions.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon written request.”