TY 2017 Form 990 Schedule O

efile Public Visual Render ObjectId: 201910439349301281 - Submission: 2019-02-12 TIN: 95-6191816

SCHEDULE O
(Form 990 or 990-EZ)

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.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

Open to Public
Inspection

Name of the organization

HOLLYWOOD FOREIGN PRESS ASSOCIATION

Employer identification number

95-6191816

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS 87 ACTIVE, INDEPENDENT VOTING MEMBERS WHO ARE WRITERS OR PHOTOGRAPHERS IN THE ENTERTAINMENT INDUSTRY. IN ADDITION, THE ORGANIZATION HAS SEVEN LIFETIME AND AFFILIATE MEMBERS WHO ARE NOT ACTIVE AND HAVE NO VOTING RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7A	THE ORGANIZATION'S 87 ACTIVE, INDEPENDENT VOTING MEMBERS ELECT, ANNUALLY, THE OFFICERS OF THE ASSOCIATION (PRESIDENT, VICE PRESIDENT, TREASURER, AND EXECUTIVE SECRETARY), AND FIVE ADDITIONAL MEMBERS TO THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7B	ALL DECISIONS OF THE BOARD OF DIRECTORS, SUCH AS APPROVAL OF THE BOARD'S ELECTION OR REMOVAL OF MEMBERS OF THE BOARD, OR MEMBERS OF THE ASSOCIATION, MUST BE APPROVED BY A MAJORITY OF THE VOTING MEMBERS, UNLESS THE BYLAWS CALL FOR 2/3 OF THE VOTING MEMBERS. FINANCIAL EXPENDITURES IN EXCESS OF $5,000 MUST BE APPROVED BY THE MAJORITY OF THE VOTING MEMBERS AS WELL.
FORM 990, PART VI, SECTION B, LINE 11B	FORM 990 IS SUBMITTED TO THE ORGANIZATION'S AUDITORS AND CHIEF OPERATING OFFICER ("COO") FOR REVIEW. ONCE APPROVED, THE RETURN IS SIGNED BY THE PRESIDENT.
FORM 990, PART VI, SECTION B, LINE 15	THE PROCESS FOR DETERMINING COMPENSATION LEVELS GOES THROUGH COMPARABILITY DATA WITH SIMILAR TAX EXEMPT ENTERTAINMENT RELATED ORGANIZATIONS. COMPENSATION CHANGES ARE RECOMMENDED BY THE ASSOCIATION'S COMPENSATION CONSULTANT MARK LIPIS AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF THE BOARD AND ELECTED OFFICERS ARE SUBMITTED TO THE FULL MEMBERSHIP FOR APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19	GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ON APRIL 12, 2017, THE ORGANIZATION'S GENERAL MEMBERSHIP APPROVED THE NEW CONFLICT OF INTEREST POLICY.
FORM 990, PART XII, LINE 1	THE ORGANIZATION'S FINANCIAL STATEMENTS AS WELL AS FORM 990 HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING SINCE INCEPTION.
FORM 990, PART XII, LINE 2(C)	THE ORGANIZATION'S FINANCIAL COMMITTEE CONFIRMS, ANNUALLY, AN INDEPENDENT ACCOUNTANT TO AUDIT THE FINANCIAL STATEMENTS. THE COMPLETED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCIAL COMMITTEE, AND THEN SUBMITTED TO THE BOARD OF DIRECTORS. FORM 990, PART XII, LINE 2(B): WE CONTINUE TO ISSUE THE FINANCIAL STATEMENTS OF THE HOLLYWOOD FOREIGN PRESS ASSOCIATIONS AND THE HOLLYWOOD FOREIGN PRESS ASSOCIATION CHARITABLE TRUST ON CONSOLIDATED BASIS.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE ORGANIZATION HAS 87 ACTIVE, INDEPENDENT VOTING MEMBERS WHO ARE WRITERS OR PHOTOGRAPHERS IN THE ENTERTAINMENT INDUSTRY. IN ADDITION, THE ORGANIZATION HAS SEVEN LIFETIME AND AFFILIATE MEMBERS WHO ARE NOT ACTIVE AND HAVE NO VOTING RIGHTS.

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

THE ORGANIZATION'S 87 ACTIVE, INDEPENDENT VOTING MEMBERS ELECT, ANNUALLY, THE OFFICERS OF THE ASSOCIATION (PRESIDENT, VICE PRESIDENT, TREASURER, AND EXECUTIVE SECRETARY), AND FIVE ADDITIONAL MEMBERS TO THE BOARD OF DIRECTORS.

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

ALL DECISIONS OF THE BOARD OF DIRECTORS, SUCH AS APPROVAL OF THE BOARD'S ELECTION OR REMOVAL OF MEMBERS OF THE BOARD, OR MEMBERS OF THE ASSOCIATION, MUST BE APPROVED BY A MAJORITY OF THE VOTING MEMBERS, UNLESS THE BYLAWS CALL FOR 2/3 OF THE VOTING MEMBERS. FINANCIAL EXPENDITURES IN EXCESS OF $5,000 MUST BE APPROVED BY THE MAJORITY OF THE VOTING MEMBERS AS WELL.

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

FORM 990 IS SUBMITTED TO THE ORGANIZATION'S AUDITORS AND CHIEF OPERATING OFFICER ("COO") FOR REVIEW. ONCE APPROVED, THE RETURN IS SIGNED BY THE PRESIDENT.

FORM 990, PART VI, SECTION B, LINE 15

THE PROCESS FOR DETERMINING COMPENSATION LEVELS GOES THROUGH COMPARABILITY DATA WITH SIMILAR TAX EXEMPT ENTERTAINMENT RELATED ORGANIZATIONS. COMPENSATION CHANGES ARE RECOMMENDED BY THE ASSOCIATION'S COMPENSATION CONSULTANT MARK LIPIS AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF THE BOARD AND ELECTED OFFICERS ARE SUBMITTED TO THE FULL MEMBERSHIP FOR APPROVAL.

FORM 990, PART VI, SECTION C, LINE 19

GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ON APRIL 12, 2017, THE ORGANIZATION'S GENERAL MEMBERSHIP APPROVED THE NEW CONFLICT OF INTEREST POLICY.

FORM 990, PART XII, LINE 1

THE ORGANIZATION'S FINANCIAL STATEMENTS AS WELL AS FORM 990 HAVE BEEN PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING SINCE INCEPTION.

FORM 990, PART XII, LINE 2(C)

THE ORGANIZATION'S FINANCIAL COMMITTEE CONFIRMS, ANNUALLY, AN INDEPENDENT ACCOUNTANT TO AUDIT THE FINANCIAL STATEMENTS. THE COMPLETED FINANCIAL STATEMENTS ARE REVIEWED BY THE FINANCIAL COMMITTEE, AND THEN SUBMITTED TO THE BOARD OF DIRECTORS. FORM 990, PART XII, LINE 2(B): WE CONTINUE TO ISSUE THE FINANCIAL STATEMENTS OF THE HOLLYWOOD FOREIGN PRESS ASSOCIATIONS AND THE HOLLYWOOD FOREIGN PRESS ASSOCIATION CHARITABLE TRUST ON CONSOLIDATED BASIS.

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

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2017

Software ID:
Software Version: