American Association of Professional Landmen Inc

“All new applicants for active member status on or after june 1, 1993, shall be required to meet the following minimum objective standards: i. Practicing land professional. The applicant shall be a land professional with a 4-year college degree or four or more years of continuous engagement as a land professional. Ii. Sponsorship. The application must be sponsored by two active members of aapl. Iii. Employment classification. The applicant shall be classified either as an "exempt" employee by the applicant's employer or as an independent contractor. Iv. Ethical conduct and standards of practice. The applicant must execute such documentation as aapl may require affirming the applicant's willingness to be bound by and abide within the aapl code of ethics and standards of practice. Three non-voting memberships are also available: associate member, student member, and honorary member.”

“Only active members may vote in the affairs of the aapl, sponsor membership applications, or serve as a director of the aapl. The election of officers shall be by ballot of the voting members. Records are maintained at the international headquarters to determine the voting eligibility of any member. Each active member of the aapl shall be entitled to one vote.”

“The election of officers shall be by ballot of the voting members.”

“A copy of irs form 990 was provided to the executive board for review prior to submitting it to the irs.”

“Annual written statement of independance is provided to executive director for monitoring.”

“Performance and pay are reviewed annually by the compensation committee in december and a recommendation to the executive committee is made which is reviewed and then approved. Salary surveys of non-profit associations are used for comparison, records are kept of the process and results. Line 15b: performance and pay are reviewed annually by the executive vice-president in december of each year for other key employees.”

“Governing documents, the aapl bylaws, standards of practice and the aapl certification program, are published annually in the landman's directory. The directory is mailed to all paid members.”

“Joint venture arrangement safeguards: nape expo lp is an arrangement that is similar to a joint venture. Nape's only activity is a trade show which is an exempt activity under irc section 513. All partners in nape expo lp are tax exempt organizations.”

“Book/tax adjustment on partnership investments 50,792.”

“Aapl's financial statements are included in the combined independent audit report with their supporting organizations, landman scholarship trust and aapl educational foundation, inc. Oversight of the audit and selection of the independent accountant are performed by aapl. The process has not changed from prior year.”