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        <FormAndLineReferenceDesc>Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company</FormAndLineReferenceDesc>
        <ExplanationTxt>The IABI's and its Specialty Sections, known as the International Business Brokers Association (IBBA) and M&amp;A Source (MAS), contract with management companies to perform management and accounting functions.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder</FormAndLineReferenceDesc>
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      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body</FormAndLineReferenceDesc>
        <ExplanationTxt>Members elect the Governors of the IBBA and M&amp;A Source Boards; IBBA and M&amp;A Source Board members are then appointed to the IABI Board of Directors per the IABI Bylaws and policies. The IBBA and M&amp;A Source also use the services of management companies to assist with governance.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders</FormAndLineReferenceDesc>
        <ExplanationTxt>IABI Bylaw changes are by a majority vote of the Board of Directors. Bylaw changes are presented to membership and, if 10% or more of membership petition the change, then it is put to membership vote.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 11b: Form 990 Review Process</FormAndLineReferenceDesc>
        <ExplanationTxt>Submitted to the IABI Board of Directors for review and approval.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</FormAndLineReferenceDesc>
        <ExplanationTxt>The governing documents are available to the public upon request.</ExplanationTxt>
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