Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | GREATER MINNEAPOLIS BUILDING OWNERS AND MANAGERS ASSN'S MEMBERS ARE COMMERCIAL REAL ESTATE OWNERS, INVESTORS, DEVELOPERS, MANAGERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S MEMBERS ELECT ITS BOARD OF DIRECTORS AT THE ORGANIZATION'S ANNUAL MEETING. |
| FORM 990, PART VI, SECTION A, LINE 7B | AMENDMENTS TO THE ORGANIZATION'S BYLAWS MUST BE APPROVED BY THE ORGANIZATION'S MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 IS DISTRIBUTED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS, AND IS ALSO REVIEWED BY THE EXECUTIVE DIRECTOR, PRIOR TO THE FORM'S FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST CONTEMPORANEOUS WITH BOARD ACTION. DETAILED PROCEDURES ARE OUTLINED IN THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD OF DIRECTORS HAS DELEGATED ACCOUNTABILITY FOR PERSONNEL COMPENSATION ADMINISTRATION TO THE EXECUTIVE COMMITTEE. INCREASES IN COMPENSATION FOR EXISTING EXECUTIVES SHOULD BE GOVERNED BY COST OF LIVING FACTORS AND ACCEPTABLE STANDARDS FOR REWARDING PERFORMANCE IN THE POSITION. SALARY INCREASES OR BONUSES IN EXCESS OF THE NORM SHOULD BE JUSTIFIED AND DOCUMENTED, AND SURVEYS SHOULD BE CONDUCTED EVERY THREE TO FIVE YEARS TO ASSURE THAT COMPENSATION REMAINS WITHIN A COMPETITIVE RANGE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 2C: | PROCESS HAS NOT CHANGED FROM PRIOR YEAR. |
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