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        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL DIRECTORS, EXCEPT FOR THE NEXT GENERATION LEADER BOARD MEMBER, ARE ELECTED BY THE MEMBERSHIP. NEXT GENERATION LEADER (NGL) BOARD MEMBER. THE NGL NEXT GENERATION BOARD MEMBER REPRESENTS STUDENTS AND IS APPOINTED BY THE BOARD FOR A ONE-YEAR TERM. THE NGL BOARD MEMBER SHALL BE RESPONSIBLE TO LINK STUDENTS AND PMI- SFBAC, AND ASSISTS WITH THE ORGANIZATION OF THE ANNUAL GENERAL MEETING</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7B</FormAndLineReferenceDesc>
        <ExplanationTxt>IN ADDITION TO THE VOTING IN OF THE BOARD MEMBERS, THE MEMBERSHIP HAS THE FOLLOWING AUTHORITY: 1) CHANGES IN BYLAWS SHALL BE APPPROVED BY 2/3 VOTE OF THE VOTING MEMBERSHIP 2) THE MEMBERSHIP MAY PROPOSE CHANGES IN THE BYLAWS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE 990 IS REVIEWED BY SELECTED MEMBERS OF THE BOARD OF DIRECTORS AND THEN DISTRIBUTED TO ALL BOARD MEMBERS PRIOR TO FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>INCLUDED IN THE CHAPTER POLICIES: THERE WILL BE NO SELF-DEALING OR BUSINESS BY A BOARD MEMBER WITH THE ORGANIZATION. BOARD MEMBERS WILL ANNUALLY DISCLOSE THEIR INVOLVEMENT WITH OTHER ORGANIZATIONS, WITH VENDORS, OR ANY ASSOCIATIONS THAT MIGHT BE OR MIGHT REASONABLY BE SEEN AS A CONFLICT.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 15A</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OFFICERS OF THE AGENCY SERVE THE FUNCTION OF THE MANAGING PARTNERS, WITHOUT COMPENSATION. THERE IS NO COMPENSATION FOR ANYONE AS THIS IS AN UNPAID VOLUNTARY ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS ARE AVAILABLE ON OUR WEBSITE (SEE HTTPS://PMISFBAC.ORG/GOVERNANCE-DOCUMENTS)</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>