Vacation Rental Management Association

“The association delegated control over management duties customarily performed by or under the direct supervision of officers and directors to a management company, smithbucklin corporation, the board of directors of the association monitors smithbucklin's performance.”

“Classes of membership - the association shall have members (each, a member and collectively, the members). The members shall be divided into the following four classes of membership: managing members - manager members shall consist of individuals, sole proprietors, corporations, partnerships, associations, and other entities that: (a) are regularly engaged in the vacation rental management business as defined by the board of directors, whose definition may be amended from time to time by the board of directors; (b) have been approved for membership by the board of directors; and (c) have paid the required membership dues and other assessments as established from time to time by the board of directors. Vendor/supplier members - vendor/supplier members shall consist of sold proprietors, corporations, partnerships, associations, and other entities that: (a) sell or provide a product and/or service to those regularly engaged in the management of vacation rental properties, but (b) are not themselves regularly engaged in professional vacation rental management as defined by the board of directors; (c) have been approved for membership by the board of directors; and (d) have paid the required membership dues and other assessments as established from time to time by the board of directors. Associate members - associate members shall consist of sold proprietors, corporations, partnerships, associations, and other entities that: (a) provides a service for at least two vacation rental units on behalf of a third party owner, (b) are not engaged in all aspects of professional vacation rental management as defined by the board of directors, and (c) would not qualify as a supplier member as defined by the board of directors; (d) have been approved for membership by the board of directors; and (e) have paid the required membership dues and other assessments as established from time to time by the board of directors. Start-up members - start-up members shall consist of sold proprietors, corporations, partnerships, associations, and other entities that: (a) are in the growth stage of professional vacation rental management business, but (b) do not fully qualify as professional vacation rental management as defined by the board of directors; (c) have been approved for membership by the board of directors; and (d) have paid the required membership dues and other assessments as established from time to time by the board of directors, with the expectation that the members' business will develop in the course of the introductory year, and this status is not eligible for renewal.”

“The association's board election process is done via an electronic vote of its members.”

“The association's board election process is done via an electronic vote of its members.”

“The 990 is reviewed by the president of the association prior to filing.”

“Each board member completes a form annually disclosing any known conflicts. In addition, the board members are asked if they have any conflicts with agenda items at the beginning of each board meeting.”

“Documents are available to the public upon request.”

“Bank fees 175,864. Consultants 371,782.”

“There has been no change from the prior year.”