Professional Retail Store Maintenance Association

“Prsm has an executive committee, of which the chair is the chairperson. All actions of the committee must be submitted to the full board for approval. The committee does not have the authority to transact business or expend funds on behalf of prsm, except where explicit authority has been granted in advance.”

“The organization's bylaws were revised december 7, 2018 to reflect its name change from professional retail store maintenance association to connex. This has not been formalized with the state of incorporation as of the filing date of this return.”

“There shall be two (2) classes of membership in the association: corporate retail member - retail corporate membership is open to retailers employing retail facilities maintenance management and nonmanagement, and to retail property firms including property owners, landlords, managers and developers. Individuals employed by companies providing products or services of any kind whatsoever to retailers, except as landlord, property owner or property manager, are ineligible for retail corporate membership. Supplier corporate member - supplier corporate membership is open to manufacturers, vendors, consultants, dealers and distributors of retail facility related products or services and property managers and developers of retail properties who provide products and services to retailers other than as landlord, property owner, or property manager.”

“All voting members of the association in good standing are qualified to vote in the election of directors.”

“The form 990 is prepared by an independent accounting firm, reviewed by the organization's management team, and a copy provided to the board prior to filing with the irs.”

“Officers, directors and key employees were asked to identify any conflicts at the beginning of their annual terms. Conflicts of interest statements were also assigned.”

“Bonus targets as a percent of salary, are established for vps and separately all other employees which are approved by the board of directors. The board approves a total organization average salary increase based on organization financial performance and general cost of living data. For key employees, the ceo determines salary adjustments based on annual performance reviews and the board approved average salary increase. For ceo: the ceo was hired recently with compensation based on industry survey benchmarks for similar organizations and industry survey benchmarks for the experience profile desired. Each subsequent year a compensation committee designated by the board reviews ceo performance with respect to organization goals and determines a salary adjustment, if any, based on such performance as well as the approved organization average salary increase.”

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

“The process has not changed from the prior year.”