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 III, LINE 3 | THIS ORGANIZATION HAS CEASED ALL OPERATIONS AND PROGRAMS. AN ASSET AQUISITION AGREEMENT BETWEEN THE ORGANIZATION AND THE ASSOCIATION OF NATIONAL ADVERTISERS, INC (ANA) WAS ADOPTED WHEREUPON REMAINING ASSETS WERE TRANSFERRED TO AND LIABILITIES WERE ASSUMED BY ANA AS OF 11/30/14. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ASSOCIATION USES A MANAGEMENT COMPANY TO MANAGE AND ADMINISTRATE THEIR DAY-TO-DAY AFFAIRS. |
| FORM 990, PART VI, SECTION A, LINE 4 | ARTICLES OF DISSOLUTION FILED ON DECEMBER 10, 2014. |
| FORM 990, PART VI, SECTION A, LINE 6 | BMA HAS 2,400 MEMBERS, INCLUDING INDIVIDUALS, CORPORATE, NONPROFIT AND GOVERNMENT. MEMBERS SHALL HAVE THE RIGHT TO VOTE, EITHER IN PERSON OR BY PROXY, ON ANY AND ALL MATTERS TO BE SUBMITTED TO A VOTE OF THE MEMBERS, AND EACH MEMBER HAVING SUCH VOTING RIGHTS SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. CORPORATE MEMBERS SHALL EACH BE ENTITLED TO ONE VOTE REGARDLESS OF THE NUMBER OF INDIVIDUAL EMPLOYEE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE OFFICERS OF THE ASSOCIATION ARE ELECTED TO OFFICE ANNUALLY BY A MAJORITY VOTE OF THE TOTAL MEMBERSHIP. |
| FORM 990, PART VI, SECTION A, LINE 7B | AMENDMENTS TO THE BYLAWS NEED TO BE APPROVED BY A TWO-THIRDS VOTE OF THE BOARD MEMBERS PRESENT, PROVIDING THERE ARE AT LEAST NINE MEMBERS VOTING IN FAVOR. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE EXECUTIVE DIRECTOR REVIEWS AND SIGNS BEFORE SENDING IT TO THE BOARD FOR THEIR APPROVAL PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANY NEWLY ELECTED OFFICER MUST FILL OUT A CONFLICT OF INTEREST FORM WITHIN 30 DAYS AFTER ELECTION. THE EXECUTIVE DIRECTOR WILL ENSURE COMPLETION OF THE FORM WITHIN AN APPROPRIATE TIME PERIOD. IF A CONFLICT OF INTEREST WERE TO HAPPEN AS YEARLY UPDATES ARE REQUIRED TO BE REPORTED TO THE CHAIRMAN, THAT PERSON WILL BE ASKED TO BE EXCUSED FROM PARTICIPATION IN THE DECISION MAKING OR RESIGN FROM HIS/HER POSITION. IF THE PERSON REFUSES TO RESIGN, THEY ARE SUBJECT TO REMOVAL FROM THEIR POSITION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI,SECTION B, LINE 15: | THE ASSOCIATION HAS NO EMPLOYEES AS IT IS RUN BY A MANAGEMENT COMPANY. |
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