TY 2021 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202222849349301462 - Rendered 2024-05-03 TIN: 41-0434680

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

ADVANCED TEXTILES ASSOCIATION

Employer identification number

41-0434680

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS THREE MEMBERSHIP CLASSIFICATIONS IN THE ASSOCIATION: VOTING, NON-VOTING, AND HONORED LIFE MEMBERS. VOTING MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. VOTING MEMBERS APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. NON-VOTING MEMBERS DO NOT HAVING VOTING RIGHTS WITHIN THE ORGANIZATION. HONORED LIFE MEMBERS: ANY INDIVIDUAL, BY APPROVAL AND AT THE DISCRETION OF THE BOARD OF DIRECTORS, CAN BE GRANTED THE DESIGNATION. THE HONOR MAY BE BESTOWED ON AN INDIVIDUAL WHO IS A LONGSTANDING END PRODUCT MANUFACTURER OR SUPPLIER MEMBER OF THE ASSOCIATION WHO ALSO MEETS TWO OTHER QUALIFICATIONS DOCUMENTED IN THE BYLAWS.
FORM 990, PART VI, SECTION A, LINE 7A	THE VOTING MEMBERSHIP OF THE ORGANIZATION HAS THE RIGHT TO ELECT DIRECTORS TO THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7B	THE VOTING MEMBERS VOTE ON ANY BOARD ELECTIONS AND ALL BYLAW CHANGES.
FORM 990, PART VI, SECTION A, LINE 8B	THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11B	CFO REVIEWS 990 WITH PRESIDENT, THEN THE PRESIDENT SHARES IT WITH THE BOARD CHAIR BEFORE SIGNING. IT IS SHARED WITH THE ENTIRE BOARD AT THAT TIME.
FORM 990, PART VI, SECTION B, LINE 12C	BOARD MEMBERS AND THE PRESIDENT ARE COVERED UNDER THE POLICY. THIS IS MONITORED ANNUALLY AT NOMINATION/ELECTION TIME. DURING THE FEBRUARY OR MARCH BOARD MEETING, THE POLICY IS REVIEWED AND ACKNOWLEDGED BY THE BOARD AS A WHOLE. CONFLICTS OF INTEREST ARE BROUGHT TO THE CEO, THEN REVIEWED BY OTHER "DISINTERESTED" BOARD MEMBERS AND A DETERMINATION IS MADE AT THAT TIME. RESOLUTIONS VARY FROM NOT BEING ABLE TO VOTE TO BEING REMOVED FROM THE BOARD.
FORM 990, PART VI, SECTION B, LINE 15A	COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED BY HUMAN RESOURCES BENCHMARKING AND THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2021. OTHER OFFICER AND TOP MANAGEMENT COMPENSATION IS DETERMINED BY HUMAN RESOURCE BENCHMARKING, MARKET CIRCUMSTANCES AND WITH FINAL DECISION BY THE PRESIDENT & CEO AND CONSIDERATION OF THE BOARD APPROVED BUDGET. THIS PROCESS WAS LAST COMPLETED IN 2021.
FORM 990, PART VI, SECTION C, LINE 19	ANNUAL FINANCIAL STATEMENT IS PROVIDED TO ALL MEMBERS POST AUDIT.
FORM 990, PART XII, LINE 2C:	THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE ORGANIZATION HAS THREE MEMBERSHIP CLASSIFICATIONS IN THE ASSOCIATION: VOTING, NON-VOTING, AND HONORED LIFE MEMBERS. VOTING MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. VOTING MEMBERS APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BODY. NON-VOTING MEMBERS DO NOT HAVING VOTING RIGHTS WITHIN THE ORGANIZATION. HONORED LIFE MEMBERS: ANY INDIVIDUAL, BY APPROVAL AND AT THE DISCRETION OF THE BOARD OF DIRECTORS, CAN BE GRANTED THE DESIGNATION. THE HONOR MAY BE BESTOWED ON AN INDIVIDUAL WHO IS A LONGSTANDING END PRODUCT MANUFACTURER OR SUPPLIER MEMBER OF THE ASSOCIATION WHO ALSO MEETS TWO OTHER QUALIFICATIONS DOCUMENTED IN THE BYLAWS.

FORM 990, PART VI, SECTION A, LINE 7A

THE VOTING MEMBERSHIP OF THE ORGANIZATION HAS THE RIGHT TO ELECT DIRECTORS TO THE GOVERNING BODY.

FORM 990, PART VI, SECTION A, LINE 7B

THE VOTING MEMBERS VOTE ON ANY BOARD ELECTIONS AND ALL BYLAW CHANGES.

FORM 990, PART VI, SECTION A, LINE 8B

THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD.

FORM 990, PART VI, SECTION B, LINE 11B

CFO REVIEWS 990 WITH PRESIDENT, THEN THE PRESIDENT SHARES IT WITH THE BOARD CHAIR BEFORE SIGNING. IT IS SHARED WITH THE ENTIRE BOARD AT THAT TIME.

FORM 990, PART VI, SECTION B, LINE 12C

BOARD MEMBERS AND THE PRESIDENT ARE COVERED UNDER THE POLICY. THIS IS MONITORED ANNUALLY AT NOMINATION/ELECTION TIME. DURING THE FEBRUARY OR MARCH BOARD MEETING, THE POLICY IS REVIEWED AND ACKNOWLEDGED BY THE BOARD AS A WHOLE. CONFLICTS OF INTEREST ARE BROUGHT TO THE CEO, THEN REVIEWED BY OTHER "DISINTERESTED" BOARD MEMBERS AND A DETERMINATION IS MADE AT THAT TIME. RESOLUTIONS VARY FROM NOT BEING ABLE TO VOTE TO BEING REMOVED FROM THE BOARD.

FORM 990, PART VI, SECTION B, LINE 15A

COMPENSATION FOR THE PRESIDENT & CEO IS DETERMINED BY HUMAN RESOURCES BENCHMARKING AND THEN REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THIS PROCESS WAS LAST COMPLETED IN 2021. OTHER OFFICER AND TOP MANAGEMENT COMPENSATION IS DETERMINED BY HUMAN RESOURCE BENCHMARKING, MARKET CIRCUMSTANCES AND WITH FINAL DECISION BY THE PRESIDENT & CEO AND CONSIDERATION OF THE BOARD APPROVED BUDGET. THIS PROCESS WAS LAST COMPLETED IN 2021.

FORM 990, PART VI, SECTION C, LINE 19

ANNUAL FINANCIAL STATEMENT IS PROVIDED TO ALL MEMBERS POST AUDIT.

FORM 990, PART XII, LINE 2C:

THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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