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 6 | BOMA CHICAGO MEMBERS ARE BUILDINGS. BOMA CHICAGO HAS VARIOUS CLASSES OF MEMBERSHIP FOR THE BUILDINGS IT REPRESENTS. ONLY BUILDINGS CLASSIFIED AS REGULAR MEMBERS ARE PERMITTED TO VOTE ON ASSOCIATION ISSUES. REGULAR MEMBER BUILDINGS APPOINT AN INDIVIDUAL AS THE BUILDING'S REPRESENTATIVE. THIS INDIVIDUAL SHALL REPRESENT, VOTE AND ACT FOR THE REGULAR MEMBER BUILDING IN THE AFFAIRS OF BOMA CHICAGO. |
| FORM 990, PART VI, SECTION A, LINE 7A | REGULAR MEMBER BUILDINGS VOTE ON THE ELECTION OF OFFICERS AND DIRECTORS AT THE BOMA CHICAGO ANNUAL MEETING HELD EACH NOVEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7B | REGULAR MEMBER BUILDINGS ARE ALSO ENTITLED TO VOTE UPON ALL OTHER RESOLUTIONS, PROPOSALS, AND QUESTIONS OR MATTERS SUBMITTED FOR MEMBER VOTE. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT COPY OF FORM 990 IS REVIEWED BY THE EXECUTIVE VICE-PRESIDENT OR DIRECTOR PRIOR TO FILING WITH THE IRS. IN ADDITION, A COPY OF THE FORM 990 IS PROVIDED TO THE ENTIRE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. IT DIRECTS THEM TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15 | BOMA CHICAGO HAS A POLICY THAT COVERS COMPENSATION OF THE CHIEF EMPLOYED EXECUTIVE AND ANY OFFICER OR KEY EMPLOYEE. THE POLICY IN PLACE REQUIRES REVIEW AND APPROVAL BY THE ASSOCIATION'S BOARD OF DIRECTORS OR COMPENSATION COMMITTEE, BUT PERSONS WITH CONFLICTS TO THE COMPENSATION ARRANGEMENT AT ISSUE SHALL NOT PARTICIPATE; COMPENSATION FOR THE INDIVIDUAL SHALL BE REVIEWED AND APPROVED USING DATA COMPILED BY A THIRD PARTY FOR SIMILAR PERSONS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS; AND THERE SHALL BE CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING ALL COMPENSATION ARRANGEMENTS SUBJECT TO THE POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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