Civic Intelligence

Orange County Trial Lawyers Association

EIN 95-2925287 • 501(c)6 • Laguna Hills, CA

Profile

Professional continuing education and legal trade association which attemps to improve the quality of legal representation by educating trial lawyers and other legal professionals.

23412 Moulton Parkway 135Laguna Hills, CA 92653

www.octla.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.02x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Net Margin

30th percentile

-3.2%

Higher net margin than 30% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

86th percentile

$149,261

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 18.7% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2023

Asset Growth

25th percentile

-6.2%

Faster asset growth than 25% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

58th percentile

8.2%

Faster revenue growth than 58% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$376,885

Down $24,763 (-6.2%) from 2022

Liabilities

Up

$8,142

Up $404 (+5.2%) from 2022

Net Assets

Down

$368,743

Down $25,167 (-6.4%) from 2022

Revenue

Up

$797,782

Up $60,154 (+8.2%) from 2022

Expenses

Up

$822,949

Up $156,715 (+24%) from 2022

Net Income

Down

-$25,167

Down $96,561 (-135%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2010: $185,548Liabilities 2010: $0Net Assets 2010: $185,5482010Assets 2011: $122,668Liabilities 2011: $0Net Assets 2011: $122,6682011Assets 2012: $146,506Liabilities 2012: $0Net Assets 2012: $146,5062012Assets 2013: $89,965Liabilities 2013: $0Net Assets 2013: $89,9652013Assets 2014: $84,516Liabilities 2014: $0Net Assets 2014: $84,5162014Assets 2015: $109,017Liabilities 2015: $0Net Assets 2015: $109,0172015Assets 2016: $218,890Liabilities 2016: $0Net Assets 2016: $218,8902016Assets 2017: $246,988Liabilities 2017: $0Net Assets 2017: $246,9882017Assets 2018: $287,537Liabilities 2018: $0Net Assets 2018: $287,5372018Assets 2019: $297,923Liabilities 2019: $0Net Assets 2019: $297,9232019Assets 2020: $291,224Liabilities 2020: $0Net Assets 2020: $291,2242020Assets 2021: $322,516Liabilities 2021: $0Net Assets 2021: $322,5162021Assets 2022: $401,648Liabilities 2022: $7,738Net Assets 2022: $393,9102022Assets 2023: $376,885Liabilities 2023: $8,142Net Assets 2023: $368,7432023

Highlighted filing

2023

Assets$376,885
Liabilities$8,142
Net Assets$368,743

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $463,8542010Expenses 2011: $503,5252011Expenses 2012: $449,0002012Revenue 2013: $498,566Expenses 2013: $555,107Net Income 2013: -$56,5412013Revenue 2014: $474,044Expenses 2014: $479,493Net Income 2014: -$5,4492014Revenue 2015: $473,216Expenses 2015: $448,715Net Income 2015: $24,5012015Revenue 2016: $594,427Expenses 2016: $484,554Net Income 2016: $109,8732016Revenue 2017: $590,658Expenses 2017: $562,560Net Income 2017: $28,0982017Revenue 2018: $667,429Expenses 2018: $626,880Net Income 2018: $40,5492018Revenue 2019: $602,038Expenses 2019: $591,652Net Income 2019: $10,3862019Revenue 2020: $412,407Expenses 2020: $419,106Net Income 2020: -$6,6992020Revenue 2021: $592,093Expenses 2021: $560,801Net Income 2021: $31,2922021Revenue 2022: $737,628Expenses 2022: $666,234Net Income 2022: $71,3942022Revenue 2023: $797,782Expenses 2023: $822,949Net Income 2023: -$25,1672023

Highlighted filing

2023

Revenue$797,782
Expenses$822,949
Net Income-$25,167

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.77$0.08$3.69$7.98$8.23$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$0.08$3.94$7.38$6.66$0.71
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.23$0.00$3.23$5.92$5.61$0.31
2020Summary only. Only limited summary data is available for this year.$2.91$0.00$2.91$4.12$4.19$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$0.00$2.98$6.02$5.92$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.88$0.00$2.88$6.67$6.27$0.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.47$0.00$2.47$5.91$5.63$0.28
2016Summary only. Only limited summary data is available for this year.$2.19$0.00$2.19$5.94$4.85$1.10
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.00$1.09$4.73$4.49$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$4.74$4.79$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$4.99$5.55$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.47$0.00$1.47$4.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$5.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.00$1.86$4.64
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 13, 2023
Return Version
2022v5.0
Gross Receipts
$737,628
Mission and Program Overview

Mission

Professional continuing education and legal trade association which attemps to improve the quality of legal representation by educating trial lawyers and other legal professionals.

Professional continuing education and legal trade association which attempts to improve the quality of legal representation by educating trial lawyers and other legal professionals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$322,516$393,910▲ $71,394
Savings and Temporary Cash Investments$200,881$200,935▲ $54
Cash and Non-Interest-Bearing Accounts$121,635$200,713▲ $79,078
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$322,516$401,648▲ $79,132
Liabilities
Accounts Payable and Accrued Expenses-$7,738-
Total Liabilities$0$7,738▲ $7,738
Net Assets / Fund Balance
Total Net Assets Fund Balance$322,516$393,910▲ $71,394
Total Liabilities and Net Assets / Fund Balance$322,516$401,648▲ $79,132

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$3,265$3,265
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Janet ThorntonExecutive DirectorFT$131,000$131,000

Board Members and Trustees

NameTitle
Cynthia a CraigImmediate Past President
Doug VanderpoolPresident
Lindsey Aitken CampbellPresident Elect
Whit Bertch1st Vice President
Aaron T Hicks2nd Vice President
Allegra RineerBoard Member
Amanda RobinsonBoard Member
Atticus WegmanBoard Member
B James PantoneBoard Member
Benjamin IkutaBoard Member
Brooke BoveBoard Member
Christopher AndalBoard Member
Darren CampbellBoard Member
David BlainBoard Member
Edwin HongBoard Member
Eileen SolisBoard Member
Geoff RillBoard Member
Jason ArgosBoard Member
Michael BerryBoard Member
Mohamed EldessoukyBoard Member
Nicholas KohanBoard Member
Tom AntunovichBoard Member
Jonathan DworkEx-officio Board
Garrett ChambersParliamentarian
Clare LucichSecretary
Michael JeandronTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$157,621
Program Service Revenue
$532,946
Investment Income
$53
Other Revenue
$47,008
Change in Net Assets
$71,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$475,350
Salaries, Compensation, and Employee Benefits$185,884
Grants and Similar Amounts Paid$5,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$131,000
All Other Expenses---$77,612
Other Salaries and Wages---$39,194
Other Expenses---$33,462
Occupancy---$21,888
Payroll Taxes---$13,190
Insurance---$8,253
Grants to Domestic Orgs---$5,000
Other Employee Benefits---$2,500
Advertising---$1,773
Fees for Services Accounting---$1,300
Travel---$434
Total Functional Expenses$0$0$0$666,234
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Several of the board members are employed by the same law firms. From time to time, for business reasons, members of the board consult with one another regarding legal matters unrelated to the organization. Additionally, president elect lindsey aitken campbell is married to board member darren campbell.

Form 990, Part VI, Section A, Line 3

The organization hires an independent professional executive director to manage day to day affairs of the organization and delegates specific authority to that person.

Form 990, Part VI, Section A, Line 6

The organization is a membership organization.

Form 990, Part VI, Section A, Line 7A

Members of the organization annually elect members to the board of directors.

Form 990, Part VI, Section A, Line 7B

Members reserve the right to change the articles and bylaws. Most other decisions are delegated to the board of directors.

Form 990, Part VI, Section A, Line 8B

Minutes are not kept for committee meetings since any actions recommended by such committees must be approved by the board of directors.

Form 990, Part VI, Section B, Line 11B

The board of directors receives a copy of from 990 prior to it being filed, but delegates the review and approval process for form 990 to a selected group of board of directors members.

Form 990, Part VI, Section B, Line 15

The association does not compensate its officers or board of directors. The organization's executive director was an employee and the board of directors used independent and comparability data in the determination of her compensation. Other employee compensation is determined by the executive director on behalf of the board of directors.

Form 990, Part VI, Section C, Line 18

All documents required to be disclosed by the organization are available upon request at its offices.

Form 990, Part VI, Section C, Line 19

Organization provides access to its documents at its offices upon request.

Filing and Contact Details

Filer

Filer Name
Orange County Trial Lawyers Association
EIN
95-2925287
Phone
9499169577
Address
23412 MOULTON PARKWAY 135, LAGUNA HILLS, CA 92653

Signing Officer

Name
Clare Lucich
Title
Secretary
Phone
9499169577
Signed
2023-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Vanderpool
Formed
1963
Legal Domicile
CA
Voting Board Members
24
Independent Board Members
24
Employees
3
Volunteers
40

Preparer

Firm
INOUYE SHIVELY KLATT & MCCORVEY CPA'S
Address
23282 MILL CREEK DR STE 200, LAGUNA HILLS, CA 92653
Preparer
Randall R Azar Ea
Phone
9495866640
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Credit card merchant fees 21,080. Board meeting expenses 20,486. Website 11,009. Event sponsorships 10,179. Office & event supplies 6,020. Utilities & communications 2,635. Payroll processing costs 1,653. Office equipment maintenance 1,637. Miscellaneous expenses 1,625. Membership dues 896. Postage 192. Office cleaning 150. Contractor 50.

Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11ST VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2EX-OFFICIO BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt3IMMEDIATE PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9PARLIAMENTARIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt192ND VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01963
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IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0737628
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt024
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt08253
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt053
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt053
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03265
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt03265
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt0157621
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROFESSIONAL CONTINUING EDUCATION AND LEGAL TRADE ASSOCIATION WHICH ATTEMPTS TO IMPROVE THE QUALITY OF LEGAL REPRESENTATION BY EDUCATING TRIAL LAWYERS AND OTHER LEGAL PROFESSIONALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0322516
IRS990/NetAssetsOrFundBalancesEOYAmt0393910
IRS990/NetUnrelatedBusTxblIncmAmt07226
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt021888
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt02500
IRS990/OtherExpensesGrp/Desc0FEDERAL & CA UBIT TAXES
IRS990/OtherExpensesGrp/Desc1MEMBERSHIP ACTIVITIES E
IRS990/OtherExpensesGrp/Desc2MEMBERSHIP EDUCATION EV
IRS990/OtherExpensesGrp/Desc3"GAVEL" JOURNAL PUBLICA
IRS990/OtherExpensesGrp/TotalAmt050
IRS990/OtherExpensesGrp/TotalAmt1289002
IRS990/OtherExpensesGrp/TotalAmt241576
IRS990/OtherExpensesGrp/TotalAmt333462
IRS990/OtherRevenueMiscGrp/BusinessCd0513120
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ADVERTISING REVENUE
IRS990/OtherRevenueMiscGrp/Desc1INCOME TAX REFUNDS
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16499
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt039734
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IRS990/PrincipalOfficerNm0DOUGLAS VANDERPOOL
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IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP ACTIVITIES
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATIONAL EVENTS
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt132485
IRS990/ProgSrvcAccomActy2Grp/Desc0NEWSLETTER DISTRIBUTED QUARTERLY. INCLUDES ARTICLES ON HOW TO DO TRIAL LAW WORK, UPCOMING EVENTS, AND CURRENT LEGISLATION UPDATES. AVERAGE NUMBER OF COPIES PER ISSUE IS 750.
IRS990/ProgSrvcAccomActy3Grp/Desc0MEETINGS FOR MEMBERS AND OTHERS TO BRING LEGAL COMMUNITY TOGETHER IN SOCIAL ARENA. AVERAGE ATTENDANCE IS 45 TO 60. THE PANDEMIC OF 2020 CAUSED SIGNIFICANT CONTRACTIONS AND RESTRICTIONS OF THESE NORMAL EVENTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GENERAL MEMBERSHIP SERVICES RELATED TO AND GENERAL MANAGEMENT OF THE ORGANIZATION.
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS MADE NO LOBBYING OR POLITICAL EXPENDITURES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 SCHEDULE C
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03265
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03265
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION PRESENTS GRANTS TO U.S. ORGANIZATIONS AND INDIVIDUALS (SCHOLARSHIPS) FOR USE IN THE U.S. BASED UPON THE POLICIES OF THE ORGANIZATIONS RECEIVING THE GRANTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SEVERAL OF THE BOARD MEMBERS ARE EMPLOYED BY THE SAME LAW FIRMS. FROM TIME TO TIME, FOR BUSINESS REASONS, MEMBERS OF THE BOARD CONSULT WITH ONE ANOTHER REGARDING LEGAL MATTERS UNRELATED TO THE ORGANIZATION. ADDITIONALLY, PRESIDENT ELECT LINDSEY AITKEN CAMPBELL IS MARRIED TO BOARD MEMBER DARREN CAMPBELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HIRES AN INDEPENDENT PROFESSIONAL EXECUTIVE DIRECTOR TO MANAGE DAY TO DAY AFFAIRS OF THE ORGANIZATION AND DELEGATES SPECIFIC AUTHORITY TO THAT PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION IS A MEMBERSHIP ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE ORGANIZATION ANNUALLY ELECT MEMBERS TO THE BOARD OF DIRECTORS.

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