New Mexico Activities Association

“The organization is comprised of member schools (high school and mid school level) that pay an annual fee to participate in the activities administered by the organization.”

“The board of directors is comprised of representatives nominated and elected from the member schools. The board consists of 13 voting members: -- 11 superintendents, private school chief executive officers, or headmasters are elected to represent the 4 geographically determined areas (2 from each area - 1 from small schools and 1 from large schools within that area). These individuals are nominated by the membership in their region and formally voted upon by the member schools within that region. -- 1 member serves as an at-large representative and is apointed by the president and affirmed by the board. -- 2 members are appointed (2 from each of the 2 member public school districts with the largest k-12 student enrollment) and affirmed by the board annually. -- 1 member is appointed by the new mexico state school boards association and affirmed by the board annually. The chairperson of the commission also serves as a member of the board and is affirmed by the board annually.”

“Certain decisions are ratified by the membership at the organization's annual meeting.”

“The organization's executive director and business manager review the form 990 in detail after completion. The form 990 is then presented at the next scheduled board meeting for final approval by the entire board.”

“The organization's policies prohibit any transaction that may represent a conflict of interest. Officers and directors must disclose any interests that could give rise to a conflict prior to engaging in any conflict situation. Compliance is monitored continuously.”

“The board of directors reviews the executive director's contract on an annual basis. As part of the review, the performance of nmaa for the previous year and the expectations for the upcoming year are reviewed prior to finalizing the contract. Compensation of similar organizations is reviewed, and compensation decisions are incorporated into the annual budget, which is also approved by the board.”

“Each employee's compensation is approved by the board as part of the annual budget process.”

“Nmaa makes governing documents, conflict of interest policy, and financial statements available to the public upon request at the organization's headquarters, 6600 palomas ne, albuquerque, nm 87109.”

“Volunteers assist with tournaments and events by assisting with ticket sales and general administrative assistance.”

“Form 990, part x, lines 27 - 29: the organization has adopted the principles of fasb asu no. 2016-14 (asc 958) for its audited financial statements for the period ended june 30, 2019. To date, form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have included the net asset categories in our audited financial statements on existing form 990, part x, lines 27 - 29 as follows: net assets without donor restrictions 3,923,653 net assets with donor restrictions 26,062 ---------- total net assets 3,949,715 ========== unrestricted net assets 3,923,653 temporarily restricted net assets 26,062 permanently restricted net assets -- ---------- total net assets 3,949,715 ==========”

“Cost of rulebook sales 39,584 cost of rulebook sales -39,584”