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        <ExplanationTxt>THE BOARD OF DIRECTORS DELEGATES THE POWER OF AUTHORITY TO THE EXECUTIVE COMMITTEE IN ACCORDANCE WITH THE ORGANIZATION'S BYLAWS. THE EXECUTIVE COMMITTEE THEN HAS THE AUTHORITY TO CARRY OUT THE GOVERNANCE AS OUTLINED IN THE BYLAWS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION HAS MEMBERS</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>ONLY THE MEMBERS OF THE ORGANIZATION MAY ELECT MEMBERS OF THE GOVERNING BODY.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION A, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO APPROVAL BY THE ORGANIZATION'S MEMBERS.</ExplanationTxt>
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        <ExplanationTxt>THE FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. THE RETURN IS REVIEWED AND APPROVED BY THE ORGANIZATION'S TREASURER PRIOR TO FILING.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MONITORS AND ENFORCES THE CONFLICT OF INTEREST POLICY THROUGH ONGOING BOARD/COMMITTEE OVERSIGHT, REQUIRING INTERESTED PERSONS TO DISCLOSE FINANCIAL INTERESTS AS THEY ARISE AND TO SIGN ANNUAL STATEMENTS CONFIRMING THEIR UNDERSTANDING AND COMPLIANCE WITH THE POLICY. THE BOARD DOCUMENTS ALL CONFLICT DECISIONS IN ITS MINUTES AND MAY INVESTIGATE AND IMPOSE CORRECTIVE ACTION IF SOMEONE FAILS TO DISCLOSE A CONFLICT, ENSURING CONSISTENT ENFORCEMENT.</ExplanationTxt>
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        <ExplanationTxt>YPO PASADENA IS A VOLUNTEER ORGANIZATION AND AS SUCH NO DIRECTOR, OFFICER, DAY CHAIR OR ANY MEMBER SHALL BE ENTITLED TO ANY COMPENSATION WHATSOEVER.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>THE ORGANIZATION MAKES FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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