| FORM 990, PART VI, SECTION A, LINE 3 |
WHILE SEA DID NOT HAVE AN EXECUTIVE DIRECTOR AS OF THE CLOSE OF THIS REPORTING YEAR (31 OCT 2021), THE BOARD HIRED AN EXTERNAL EXECUTIVE DIRECTOR IN MARCH 2022, AS PART OF A MULTI-YEAR MANAGEMENT ASSOCIATION CONTRACT TO OVERSEE THE DAY-TO-DAY MANAGEMENT OF THE ASSOCIATION. |
| FORM 990, PART VI, SECTION A, LINE 6 |
SEA MEMBERS ELECT THE GOVERNING BODY AND APPROVE, PER BYLAWS, MAJOR CHANGES (I.E. BOARD MEMBERS, BYLAWS CHANGES, ETC.). THE BOARD UPDATED THE BYLAWS ON JULY 5, 2021, AFTER ALMOST 30 YEARS, AND WAS APPROVED BY THE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A |
THE MEMBERSHIP ANNUALLY VOTES TO ELECT FIVE BOARD MEMBERS FOR THREE YEAR TERMS. |
| FORM 990, PART VI, SECTION A, LINE 7B |
MAJOR GOVERNANCE DECISIONS SUCH AS AMENDING THE ASSOCIATION'S BYLAWS ARE SUBJECT TO A VOTE BY THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY SEA. SEA'S FORMER PRESIDENT, FINANCIAL COMMITTEE, AND THEIR FINANCIAL CONSULTANTS REVIEWED THE DRAFT CONTENTS OF THE FORM 990. THE FORMER PRESIDENT CONSOLIDATED THE COMMENTS AND ASKED CLARIFYING QUESTIONS ABOUT THE DOCUMENTS, THE UNDERLYING DATA AND INFORMATION, AND WORKED WITH THEIR FINANCIAL CONSULTANT AND CPA FIRM TO ADDRESS INCONSISTENCIES OR AREAS WITH QUESTIONS, TO THE EXTENT THEY EXISTED, AND THEREAFTER APPROVED THE FINANCIAL CONSULTANT AND CPA FIRM PREPARING THE FORM 990 TO MAKE NECESSARY ADJUSTMENTS, FINALIZE AND SUBMIT THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C |
IN ADDITION TO REQUIRING ALL BOARD OFFICERS AND KEY EMPLOYEES TO DISCLOSE THEIR CONFLICTS OF INTEREST ANNUALLY, THE ASSOCIATION ALSO HAS PROCESSES IN PLACE TO ENSURE THEY ARE REGULARLY AND CONSISTENTLY MONITORING AND ENFORCING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. AT ANY TIME PRIOR TO THE ASSOCIATION ENGAGING IN BUSINESS WITH A POTENTIAL PARTNER, INFORMATION ABOUT THE PARTNER, THE ISSUES ON WHICH THE ASSOCIATION MAY BE WORKING WITH THE POTENTIAL PARTNER, AND THE PROPOSED TERMS OF A PARTNERSHIP OR CONTRACT WITH THE POTENTIAL PARTNER ARE SHARED WITH THE BOARD OFFICERS AND KEY STAFF. THOSE PARTIES ARE PRESENTED WITH AN OPPORTUNITY TO SPECIFY WHETHER THEY HAVE ANY ACTUAL OR POTENTIAL CONFLICTS WITH THE POTENTIAL PARTNER. SHOULD THERE BE A CONFLICT, THE OFFICER OR KEY STAFF WOULD RECUSE THEMSELVES. ONLY AFTER SUCH REVIEW OCCURS WILL THE ASSOCIATION PROCEED TO ENGAGING THE POTENTIAL PARTNER. |
| FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE AND APPROVED BY THE BOARD. TERMS OF COMPENSATION ARE INCLUDED IN THE EXECUTIVE DIRECTOR'S CONTRACT. |
| FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
Attach to Form 990 or 990-EZ.