Icak USA Inc

“The organization used a management company to perform management duties customarily performed by directors or key employees. Such management duties include planning budgets, maintaining financial operations, supervising exempt operations and planning conferences.”

“The organization has two classes of members, voting membership and nonvoting membership.”

“Each member in good standing in the voting membership category shall at every meeting of the members, be entitled to one vote in person upon each subject submitted to vote. At the annual meeting each voting member shall be entitled to participate in the election of the officers of the organization. The nominating committee shall make nominations for the four officer and five members-at-large and nominations may also made from the floor at the annual meeting.”

“The bylaws of the organization may be amended by a two-thirds majority vote of the voting members present at any meeting of the organization.”

“Executive director reviews the form 990 with the board, and then a hard copy is kept on file at the central office and can be reviewed upon request.”

“Regular board meetings and discussions of ongoing projects, project coordinators, etc. Including the conflict of interest policy and how project coordinators and their activities relate to the associations policies and bylaws.”

“The board decides on compensation (if any) for the ceo and top management officials. Currently the organization is not paying any compensation. However the chairman receives a stipend to reimburse him for board expenses.”

“The management company keeps the governing documents, the form 990's and policies on file and they are available for review upon request.”

“The organization did not receive any contributions of intellectual property and is not required to file form 8899. The organization did not receive any contributions of cars, boats, airplanes or other vehicles and therefore is not required to file form 1098-c.”

“The organization is managed by an unrelated management company. The management company meets substantial influence. Angela capra who is employed by the management company is listed as an officer due to her responsibilities. The total compensation of the management company is reported in part vii, section b.”