Xr Association

“Xr association has two membership classes sponsor members. Any company shall be eligible to be a sponsor member if it: (1) demonstrates that it is dedicated to the purpose of this association as set forth in the by laws, (2) is either (i) approved by all of the sponsor members or (ii) is a founder of the association, (3) executes a non-disclosure and common interest agreement, or an accession thereto as the case may be, in a form that shall be approved by the board on or about the time such agreement or accession is executed and (4) pays such dues and fees as the board may fix from time to time. Sponsor members shall vote on all matters requiring approval of the members of the association and such other matters as determined by these bylaws. In the event that a sponsor member is added pursuant to the by laws (the "new sponsor member"), the sponsor members approving such new sponsor member shall, if necessary, increase the size of the board pursuant to the by laws. Regular members. Any company shall be eligible to be a regular member if it: (1) demonstrates that it is dedicated to the purpose of this association as set forth in the by laws hereof, (2) receives approval of its membership application by the board, (3) executes a non-disclosure and common interest agreement, or an accession thereto as the case may be, in a form that shall be approved by the board on or about the time such agreement or accession is executed and (4) pays such dues and fees as the board may fix from time to time. Additional classes of members. With the unanimous consent of the sponsor members, additional classes of members may be added to the association (the "additional class and together with the sponsor members and the regular members, the "members"). The preferences and privileges of any additional class of members shall be determined through the unanimous consent of the sponsor members.”

“At the annual meeting of the board, each sponsor member shall appoint one director to represent it on the board.”

“For the year ended december 31, 2019, xr association did not have any committees with authority to act on behalf of the governing body.”

“The form 990 is prepared by an outside accountant and reviewed by management with the assistance of legal counsel. A final copy of the return was provided to the board of directors before submission to the irs.”

“Each interested person (as defined in the conflicts of interest policy) is required to disclose actual and potential conflicts of interest exists through periodic disclosure and whenever such actual or potential conflict of interest arises. The board of directors would evaluate any disclosure and determine an appropriate remedy to comply with applicable requirements governing conflicts of interest. An interested person whose potential conflict is under review by the board may not debate, vote, or otherwise participate in such determination except to disclose material facts and to respond to questions.”

“The ceo's compensation is approved by the board of directors when preparing the association's budget. The board of directors reviews the executive compensation disclosed on other organiations' form 990 that are similar in size and mission to xr association.”

“No documents available to the public.”