Florida Citrus Sports Ventures Inc

“Florida citrus sports events, inc. Provides management services to the organization to operate the florida cup, including the negotiation of contracts, collection of revenues and payment of expenses.”

“The board of directors includes: 1. No more than 30 persons who are elected by the board of directors and must be members of the corporation and have served as an associate director during the prior 12 month period; 2. One person designated by each of the following organizations or entities: (i) the city of orlando, florida. (ii) orange county, florida. (iii) orlando/orange county convention and visitors bureau. (iv) central florida hotel and lodging association (provided, however, that the person designated by the central florida hotel and lodging association shall be a non-voting director); (c) the chairman of the board of the corporation, the president of the corporation, the president-elect of the corporation, the immediate two past chairmen of the board of the corporation, and the general counsel of the corporation (all of whom shall be members of the board of directors by virtue of position) (d) the director of the city of orlando centroplex; and 3. The chief executive officer of the corporation shall be an ex officio member of the board of directors. If a director position becomes vacant for any reason, the president, with the approval of the officers, may select a successor director to serve as a director for the unexpired term of the director whose position became vacant.”

“The form 990 is distributed to the executive committee, which consists of 11 members of the board of directors, for review and discussion prior to filing.”

“Annually, all directors are provided a copy of the conflict of interest policy as a reminder. They are asked to review and then sign a disclosure statement indicating any known or perceived conflicts. Any disclosed conflicts will be discussed by the audit committee as to any action(s) required. In the event of a conflict during the year, the interested board member will recuse him or herself from the discussion and vote.”

“All compensation is paid by a related tax-exempt organization, florida citrus sports events, inc. Florida citrus sports events, inc. Has a compensation review process in place.”

“Florida citrus sports ventures, inc. Will disclose financial statements and pertinent governing documents, including the conflict of interest policy, upon request.”

“Florida citrus sports ventures, inc. Does not pay any direct salaries. The amounts reported on part vii and on schedule j were paid directly by florida citrus sports events, inc. (a related tax-exempt organization) and not by florida citrus sports ventures, inc. The amounts shown are the gross amounts paid to the named individuals for the services that they provide collectively to florida citrus sports events, inc., florida citrus sports foundation, inc., florida citrus sports association, inc., tangerine sports association, inc., and florida citrus sports ventures, inc.”

“Florida citrus sports ventures, inc. Does not issue any 1099 forms. The 1099 forms are filed by florida citrus sports events, inc. (a related tax-exempt organization).”