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        <ExplanationTxt>THE EXEMPT ORGANIZATION IS A CHAPTER OF YOUNG PRESIDENTS ORGANIZATION, INC. (EIN 13-1770417). MEMBERSHIP IN YOUNG PRESIDENTS ORGANIZATION IS COMPRISED OF CHIEF EXECUTIVES RUNNING LARGE COMPANIES WHO SEEK OUT ONE ANOTHER TO SHARE EXPERIENCES. FOUNDED IN NEW YORK CITY IN 1950, YPO UNITED APPROXIMATELY 20,000 BUSINESS LEADERS IN MORE THAN 120 COUNTRIES AROUND A SHARED MISSION: "BETTER LEADERS THROUGH EDUCATION AND IDEA EXCHANGE." THE MEMBERS OF THE EXEMPT ORGANIZATION SELECT THE MEMBERS OF THE CHAPTER'S GOVERNING BODY IN ELECTIONS THAT ARE HELD REGULARLY, IN ACCORDANCE WITH THE CHAPTER'S BY-LAWS. THE GOVERNING BODY'S DECISIONS ARE ULTIMATELY SUBJECT TO OVERSIGHT BY THE PARENT ORGANIZATION.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE TREASURER HAS PRIMARY REVIEW RESPONSIBILITY. IN ADDITION, THREE BOUND COPIES OF FORM 990, ACCOMPANIED BY ACCOUNTING DETAILS, ARE PROVIDED TO THE GOVERNING BODY AT THE TIME OF FORM 990'S COMPLETION. IT IS RECOMMENDED THAT THE REMAINING MEMBERS OF THE GOVERNING BODY WILL REVIEW THESE BOUND COPIES, NOTING QUESTIONS ARISING FROM THEIR REVIEW.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 18</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CHAPTER CHAIRPERSON IS CHARGED WITH THE DUTY OF ROUTING AND ULTIMATELY FULFILLING REQUESTS FROM THE PUBLIC FOR INSPECTION OF DOCUMENTS.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CHAPTER CHAIRPERSON IS CHARGED WITH THE DUTY OF ROUTING AND ULTIMATELY FULFILLING REQUESTS FROM THE PUBLIC FOR INSPECTION OF DOCUMENTS.</ExplanationTxt>
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