Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION'S BYLAWS WERE AMENDED ON DECEMBER 2, 2020. THE NUMBER OF EXECUTIVE COMMITTEE MEMBERS WAS INCREASED FROM 45 TO UP TO 50 MEMBERS CAN BE ELECTED. IN ADDITION, THE CEO'S AUTHORITY WAS UPDATED TO APPROVE OF NEW MEMBERS AND IF AN APPLICANT IS RECOMMENDED FOR REJECTION, THE CEO WILL FIRST CONSULT WITH THE CHAIR BEFORE MAKING A FINAL DETERMINATION, AND WILL REPORT THE DECISION TO THE EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION A, LINE 6 | BAY AREA COUNCIL IS A BUSINESS MEMBERSHIP ORGANIZATION. MAJOR COMPANIES JOIN THE BAY AREA COUNCIL AS MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE BAY AREA COUNCIL EXECUTIVE COMMITTEE MAY ELECT A MEMBER TO THE COMMITTEE AND BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE EXECUTIVE COMMITTEE OF THE BOARD OFFICIALLY MEETS 4 TIMES DURING EACH CALENDAR YEAR OR AS NECESSARY TO APPROVE DECISIONS BASED UPON DELEGATIONS OF AUTHORITY OUTLINED IN THE BY LAWS. SHOULD DECISIONS REQUIRE BOARD APPROVAL, THESE ARE VOTED UPON BY THE ENTIRE BOARD DURING THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDITED FINANCIAL STATEMENTS AND TAX RETURNS ARE CONDUCTED AND PREPARED BY AN INDEPENDENT CPA AUDIT FIRM. THE GENESIS OF INFORMATION PRESENTED ON THE 990 TAX RETURNS INCLUDES ALL OF THE AUDITED FIGURES. COPIES OF THE TAX RETURN ARE MADE AVAILABLE TO BOARD MEMBERS AND THE FINANCE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CEO HAS RESPONSIBILITY FOR MONITORING COMPLIANCE WITH OUR POLICIES. THESE POLICIES ARE CODIFIED IN OUR EMPLOYEE HANDBOOK, ACKNOWLEDGED BY EACH BOARD AND STAFF MEMBER AND ALSO REVIEWED FOR COMPLIANCE WITH CURRENT LAWS AND REGULATIONS BY OUTSIDE LEGAL COUNCIL. THE INDEPENDENT ACCOUNTANTS ALSO TEST FOR COMPLIANCE IN PERFORMING THEIR INDEPENDENT FINANCIAL AUDIT AT YEAR END. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND KEY EMPLOYEES IS BENCHMARKING AGAINST COMPARABILITY DATA WITH APPROVAL BY THE BOARD CHAIRMAN. WE ALSO HAVE OVERSIGHT BY THE FINANCE COMMITTEE OF THE EXECUTIVE COMMITTEE BOARD. THE BAC USES SALARY SURVEY INFORMATION PROVIDED BY OPPORTUNITY KNOCKS AS WELL AS BENCHMARKING THE STAFF SALARIES WITH OTHER SIMILAR 501(C)4 ORGANIZATIONS OF SIMILAR SIZE AND FINANCIAL RESULTS. DELIBERATIONS AND DECISIONS ARE CONTEMPORANEOUSLY DOCUMENTED IN THE MINUTES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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