Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 15a Process for determining compensation of the CEO | A compensation study was done in 2016 to evaluate the compensation of the top three officials of the organization. The CEO has a 3 year contract, currently in its third year, that was voted on by the full Board of Directors (BOD) and the executive committee. |
| Form 990, Part VI, Line 12a Conflict of Interest Policy | THE organization's CONFLICT OF INTEREST POLICY WAS in the process of being developed during the tax year. |
| Form 990, Part VI, Line 1a Delegate broad authority to a committee | The executive committee consists of 8 board members that ultimately provide first & lead STRATEGIC OVERSIGHT to the Video Advertising Bureau (VAB) on behalf of the Board. The committee performs four major roles: They work cyclically with VAB on strategy-setting for the most important parts of the VAB's customer-facing programs, including VAB communication platform, outputs, collective messaging, engagement with customers, special industry-serving initiatives and success metrics. They are the first to weigh in on VAB's proposed annual budget, plans for new revenue streams and any operational evolutions that best serve major members. They are entrusted with identifying the most important discussion topics at the VAB Board meetings. They help assure that all VAB efforts are ultimately behind a single goal - Creating More Demand for the full Array of Our Member's Video Ad Assets. |
| Form 990, Part VI, Line 6 Classes of members or stockholders | The organization has two types of members; active and associate. Active members are: i) Any individual, firm, partnership, organization or corporation that owns or operates a Multichannel Video Programming Distributor or "MVPD" (hereinafter referred to as an "MVPD Member"). ii) Any individual, firm, partnership, organization or corporation that owns or operates a TV video programming supplier or professionally produced, premium video programming supplier (hereinafter referred to as a "Network Member"). iii) Any individual, firm, partnership, organization or corporation that owns or operates as an advertising sales representative for MVPDs or video programming suppliers (hereinafter referred to as a "Representative Member"). iv) Multichannel Video Programming Distributor(s) or "MVPD(s)" shall be defined for the purposes hereof to mean either a wired cable system (inclusive of wired "telco" systems) which franchised by a governmental authority empowered by federal, state, or Local law to grant a franchise, or any other system capable of delivering cable programming by satellite, DBS, or any other technology acceptable to the Board of Directors or its designee, whether or not franchised by governmental authority. THE BOARD OF DIRECTORS MAY, IN ITS DISCRETION, ESTABLISH CATEGORIES AND TERMS OF ELIGIBILITY FOR ASSOCIATE MEMBERSHIP. |
| Form 990, Part VI, Line 7a Members or stockholders electing members of governing body | ACTIVE MEMBERS IN GOOD STANDING, UPON PAYMENT OF ALL REQUIRED DUES, HAVE THE RIGHT TO CAST ONE VOTE DURING ANNUAL MEETING TO ELECT THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS SHALL HAVE AUTHORITY TO ESTABLISH APPROPRIATE RULES TO DETERMINE THE PROCEDURES FOR THE CASTING OF VOTES. THE BOARD OF DIRECTORS THEN ELECT OFFICERS AT ITS FIRST MEETING. |
| Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders | ACTIVE MEMBERS, BY A VOTE OF THE MAJORITY OF ALL MEMBERS ENTITLED TO VOTE IN PERSON OR BY PROXY AT A DULY CONVENED MEETING OF THE MEMBERS, HAVE THE RIGHT TO REMOVE ANY DIRECTOR AT ANY TIME, WITH OR WITHOUT CAUSE. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 WAS REVIEWED BY THE AUDIT COMMITTEE, AND a complete copy was PROVIDED TO THE FULL BOARD OF DIRECTORS prior to filing. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE governing documents and financial statements of the organization are available upon request. |
| Form 990, Part VI, Line 15b Process for determining compensation for other officers | A compensation study was done in 2016 to evaluate the compensation of the top three officials of the organization. |
| Software ID: | 18007697 |
| Software Version: | 2018v3.1 |