Pacific Asia Travel Association

“Line 6 explanation - the organization has members.”

“Line 7a explanation - the organization's members appoint the board of directors.”

“Line 7b explanation - the members can vote on the incoming board”

“The audit committee shall have the responsibility for reviewing the organization's form 990 return (including all pertinent schedules) before it is filed with the internal revenue service. A copy of the form 990 is provided to the audit committee, chief executive officer, and chief financial officer for review prior to the filing deadline. In conducting their review of the form 990, it is preferred that the audit committee shall conduct a top-level or big-picture type of review. However, if the audit committee desires a more detailed review of the form 990, they will contact the preparer of the form 990 to request copies of the relevant detailed workpapers which they would like to review. Once the audit committee, ceo and cfo have completed their initial review of the form 990, a meeting or conference call will be scheduled, if necessary, with the tax preparer(regardless of whether the form 990 is externally or internally prepared) to discuss any questions, comments, and suggested revisions identified by the audit committee. The preparer will make any revisions to the form 990 as soon as possible to ensure that the return is filed with internal revenue service on a timely basis. After the form 990 has been reviewed by the audit committee and filed with the internal revenue service, the audit committee will make a presentation at the next full board of directors meeting to update the full board regarding its review of the form 990. During this meeting, it is not required that the audit committee review all of their questions, comments, and suggested revisions; a summary of their more important points will be sufficient.”

“The policy is distributed to directors, officers, and key employees, who are required to report any potential conflicts on an annual basis. Management reviews the reports and any conflict violations would be reported to the board of directors.”

“The process for determining compensation to the organization's other officers or key employees includes comparability data and outside research. The compensation is reviewed and approved by the executive board committee. The process for determining compensation to the organization's ceo, executive director and other top management officials includes comparability data and outside research. The compensation is reviewed and approved by the executive board committee.”

“The organization's governing documents, policies and financial statements are made available to the public upon request.”