Hong Kong Association Of

“H.k.b.a.s.c. Has golden bauhinia, sustaining, corporate, individual, and student members.”

“The members of h.k.b.a.s.c. May elect one or more directors of the board.”

“The decisions of the board are subject to approval by directors and officers of the h.k.b.a.s.c.”

“The officers shall have the responsibility for reviewing the organization's form 990 (including all pertinent schedules) before it is filed with the internal revenue service. A draft of the form 990 should be ready for review by the officers no later than one month prior to the filing deadline. After the draft of the form 990 has been obtained by the officers, they will have no more than two weeks to complete their review. In conducting their review of the draft of the form 990, it is preferred that the officers shall conduct a top-level or big-picture type of review. However, if the officers desires or deem it necessary to conduct a more detailed review of the form 990, then they should contact the preparer of the form 990 to request copies of the relevant detailed tax return workpapers which they would like to see. Once the officers have completed its initial review of the form 990, a meeting or conference call will be scheduled with the preparer of the form 990 to discuss any questions, comments, and suggested revisions identified by the officers. The preparer of the form 990 should make any revisions to the form 990 as soon as feasibly possible to ensure that the form 990 is filed with the internal revenue service on a timely basis. All questions, comments, and suggested revisions set forth by the officers should be documented, along with any responses from the preparer of the form 990, if applicable. After the form 990 has been reviewed by the officers and filed with the internal revenue service, the officers will make a presentation at the next full board of directors meeting to update the full board regarding its review of the form 990.”

“To ensure full compliance with the conflict of interest policy, h.k.b.a.s.c. Requires the officers & directors to file annual disclosure - conflict of interest policy, moreover, each officer and director is advised by the organization on a regular basis about his/her duty & obligation to disclose any interests that could give rise to such conflicts.”

“No compensation was paid to directors and officers of the h.k.b.a.s.c.”

“The following organizational documents of the tax-exempt organization will be available (for inspection or copying) at the organization's main office during normal business hours at no charge: tax exemption application (form 1023) internal revenue service determination letter articles of incorporation by-laws all of the aforementioned organizational documents will also be furnished to the interested party upon request. The public inspection copy of the organization's form 990, from the previous three years (at a minimum), will be available (for inspection or copying) at the organization's main office during normal business hours at no charge. The organization will make best efforts to ensure that the forms 990s held at their main office are the most updated versions of such. For example, in the instance where a form 990 has been amended, the amended version of the form 990 should be the one available for public inspection. When responding to a public inspection request for any organizational document or form 990 by anyone, the organization shall fulfill such request in a timely fashion without inquiring as to the reason for the public inspection request.”