| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | THE BBB HAS TWO CLASSES OF MEMBERSHIP: ACTIVE AND ASSOCIATE. ACTIVE MEMBERS INCLUDE PERSONS, FIRMS, CORPORATIONS AND ASSOCIATIONS ENGAGED IN BUSINESS OR PROFESSIONAL FIELDS WHO ARE INTERESTED IN AND WILLING TO SUBSCRIBE TO THE AIMS AND PURPOSES OF THE BBB. APPLICATION FOR MEMBERSHIP MUST BE SUBMITTED AND IS APPROVED BASED ON MEMBERSHIP STANDARDS. ASSOCIATE MEMBERSHIPS IS GRANTED TO PERSONS, FIRMS, CORPORATIONS AND ASSOCIATES WHO SUBSCIRBE TO THE SAME PRINCIPLES AS THE ACTIVE MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED AT A MEETING OF MEMBERS. ALL MEMBERS, IN GOOD STANDING, ARE ELIGIBLE TO CAST ONE VOTE FOR THE ELECTION OF OFFICERS AND DIRECTORS TO THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE BOARD OF DIRECTORS IS PROVIDED WITH A COPY OF THE RETURN FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THERE IS A WRITTEN CONFLICT OF INTEREST POLICY FOR EMPLOYEES, DIRECTORS AND OFFICERS REQUIRING ANNUAL DISCLOSURE OF PERCEIVED OR ACTUAL CONFLICT OF INTEREST. THE POLICY IS BOARD APPROVED AND PROVIDED TO NEW EMPLOYEES AND DIRECTORS AS PART OF THEIR ORIENTATION. CONFLICTS OF INTEREST MUST BE DISCLOSED, CONSIDERED AND OVERCOME IF NECESSARY. BOARD ACTION AFTER ANNUAL DISCLOSURE BY BUREAU EMPLOYEES: A. WHEN DISCLOSURE IS MADE BY AN EMPLOYEE, THE BUREAU BOARD OF DIRECTORS MUST DETERMINE: 1. WHETHER THE DISCLOSED ASSOCIATION OR RELATIONSHIP IS, OR IS LIKELY TO BE PERCEIVED BY OTHERS AS, INCOMPATIBLE WITH THE MISSION OR ADVERSELY AFFECTING THE IMAGE OF THE BETTER BUSINESS BUREAU; AND 2. WHETHER ANY SUCH INCOMPATIBILITY OR ADVERSE EFFECT CAN BE AVOIDED BY RESTRICTING THE BUREAU DUTIES OF THE EMPLOYEE. B. IF THE BUREAU BOARD OF DIRECTORS DETERMINE THAT A DISCLOSED ASSOCIATION OR RELATIONSHIP IS, OR IS LIKELY TO BE PERCEIVED BY OTHERS AS, INCOMPATIBLE WITH THE BUREAU'S MISSION OR ADVERSELY AFFECTING THE BUREAU'S IMAGE, AND ALSO DETERMINES THAT SUCH INCOMPATIBILITY OR ADVERSE EFFECT CANNOT BE AVOIDED BY RESTRICTING THE BUREAU DUTIES OF THE EMPLOYEE, THEN THE EMPLOYEE MAKING THE DISCLOSURE MAY NOT CONTINUE HIS OR HER EMPLOYMENT WITH THE BUREAU UNLESS THE DISCLOSED ASSOCIATION OR RELATIONSHIP IS TERMINATED. C. IF THE BUREAU BOARD OF DIRECTORS DETERMINES THAT A DISCLOSED ASSOCIATION OR RELATIONSHIP IS, OR IS LIKELY TO BE PERCEIVED BY OTHERS AS, INCOMPATIBLE WITH THE BUREAU'S MISSION OR ADVERSELY AFFECTING THE BUREAU'S IMAGE, AND ALSO DETERMINES THAT SUCH INCOMPATIBILITY OR ADVERSE EFFECT CAN BE AVOIDED BY RESTRICTING THE BUREAU DUTIES OF THE EMPLOYEE MAKING THE DISCLOSURE, THE BUREAU BOARD SHALL SET WHATEVER RESTRICTIONS IT DEEMS APPROPRIATE RELATING TO THE EMPLOYEE. THIS MAY INCLUDE RESTRICTING THE EMPLOYEE'S PARTICIPATION IN ANY BUREAU REPORT, REVIEW OR ACTION PERTAINING TO: 1. A BUSINESS/ORGANIZATION WITH WHICH THE EMPLOYEE IS ASSOCIATED, 2. A COMPETITOR OF THE BUSINESS/ORGANIZATION, OR 3. THE TRADE OR INDUSTRY OF WHICH THE BUSINESS/ORGANIZATION IS A PART. ANNUAL DISCLOSURE BY BUREAU DIRECTORS: ON AN ANNUAL BASIS, ALL BUREAU DIRECTORS SHALL DISCLOSE TO THE BUREAU BOARD OF DIRECTORS ANY FINANCIAL, BUSINESS OR COMMUNITY RELATIONSHIP THAT MAY CONFLICT WITH THE WORK OR SERVICE PERFORMED FOR THE BUREAU. RESTRICTIONS APPLICABLE TO BUREAU DIRECTORS: A. BUREAU DIRECTORS WHO ARE ASSOCIATED WITH A FOR-PROFIT BUSINESS OR A NOT-FOR -PROFIT ORGANIZATION SHALL NOT VOTE OR USE PERSONAL INFLUENCE ON ANY BOARD ACTION PERTAINING TO THE BUSINESS/ORGANIZATION, OR THE TRADE OR INDUSTRY OF WHICH THE BUSINESS/ORGANIZATION IS A PART. THE DIRECTOR MAY, HOWEVER, PARTICIPATE IN BOARD DISCUSSIONS RELATING TO SUCH ACTION BY PROVIDING INFORMATION KNOWN TO THE DIRECTOR AND ANSWERING QUESTIONS FROM OTHER DIRECTORS. THE MINUTES OF ANY BOARD MEETING RELATING TO SUCH BOARD ACTION SHALL CLEARLY STATE THAT THE DIRECTOR DID NOT VOTE ON THE MATTER AND SHALL DESCRIBE THE EXTENT OF THE DIRECTOR'S PARTICIPATION IN ANY DISCUSSION. B. IN ANY ONE CALENDAR YEAR, THE BUREAU MAY PURCHASE A SUBSTANTIAL AMOUNT OF GOODS OR SERVICES FROM A BUSINESS OR NOT-FOR-PROFIT ORGANIZATION THAT A DIRECTOR IS ASSOCIATED WITH ONLY IF: 1. AT LEAST THREE COMPETITIVE BIDS ARE OBTAINED FROM OTHER PROVIDERS, IF POSSIBLE; AND 2. THE BUSINESS/ORGANIZATION IS NOT THE LOWEST BIDDER, THE BUREAU BOARD OF DIRECTORS OR EXECUTIVE COMMITTEE MUST BE INFORMED OF THE RELATIONSHIP BETWEEN THE BUREAU DIRECTOR AND THE BUSINESS/ORGANIZATION. THE MINUTES OF THE BOARD OR EXECUTIVE COMMITTEE SHOULD REFLECT THIS DISCLOSURE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BBB'S BOARD OF DIRECTORS HAS SEVERAL COMMITTEES, INCLUDING THE PERFORMANCE REVIEW COMMITTEE. IT IS FOCUSED ON THE ASSESSMENT OF THE CEO'S JOB PERFORMANCE AND PRODUCTIVITY IN RELATION TO CERTAIN PRE-ESTABLISHED CRITERIA AND ORGANIZATIONAL OBJECTIVES. THE COMMITTEE'S RECOMMENDATIONS ON THE CEO'S PERFORMANCE AND COMPENSATION IS MADE TO THE BOARD OF DIRECTORS FOR APPROVAL. THE CEO AND APPROPRIATE MANAGERS DO AN ANNUAL REVIEW OF TOP MANAGEMENT, OFFICERS AND ALL EMPLOYEES IN DETERMINING THEIR COMPENSATION. THE BOARD OF DIRECTORS ANNUALLY APPROVES THE BBB'S BUDGET WHICH INCLUDES COMPENSATION FOR ALL BBB EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE BBB COMPLIES WITH PUBLIC INSPECTION REQUIREMENTS FOR FORMS 990 AND 1023. THE FORMS ARE NOT PUBLICLY AVAILABLE, BUT WILL BE MADE AVAILABLE FOR IN-PERSON INSPECTION UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE BBB COMPLIES WITH PUBLIC INSPECTION REQUIREMENTS THE FORMS. THE FORMS ARE NOT PUBLICLY AVAILABLE, BUT WILL BE MADE AVAILABLE FOR IN-PERSON INSPECTION UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CUMULATIVE EFFECT ADJUSTMENT - IMPLEMENTATION OF CREDIT LOSS STANDARD -22,062. |
| FORM 990, PART XII, LINE 2C: | THE FINANCE COMMITTE FIRST REVIEWS THE AUDIT WHO THEN MAKES THEIR RECOMMENDATION(S) TO THE EXECUTIVE COMMITTE OF THE BOARD. THE BOARD THEN REVIEWS THE AUDIT WITH THE AUDITOR AT A SCHEDULED BOARD MEETING WITH THE EXECUTIVE COMMITTEE'S RECOMMENDATION(S). |
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