| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | DOLCI MANAGEMENT SERVICES, INC. PROVIDES ADMINISTRATIVE SERVICES TO THE ORGANIZATION. BUSINESS INFORMATION SERVICES, INC. PROVIDES A CHIEF EXECUTIVE OFFICER FOR THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 6 | 7X24 EXCHANGE, INC. (THE "EXCHANGE") WAS INCORPORATED AS A MEMBERSHIP ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE MEMBERS ELECT THE GOVERNING BODY THROUGH AN ANNUAL BALLOT PROCESS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PRESENTED TO THE CHAIRMAN OF THE BOARD FOR REVIEW PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE EXCHANGE DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| PART VII, SECTION A - LINE 1A | DURING APRIL 2011, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH BUSINESS INFORMATION SERVICES, INC. TO PROVIDE A CHIEF EXECUTIVE OFFICER AT AN ANNUAL FEE OF $230,000 DUE IN EQUAL MONTHLY INSTALLMENTS. THIS AGREEMENT AUTOMATICALLY RENEWS FOR SUCCESSIVE ONE YEAR TERMS UPON THE COMPLETION OF THE ANNUAL ELECTION OF OFFICERS. ROBERT J. CASSILIANO, CHAIRMAN OF THE BOARD OF THE ORGANIZATION, MANAGES BUSINESS INFORMATION SERVICES, INC. THE AMOUNT PAID TO BUSINESS INFORMATION SERVICES, INC. IN THE CALENDAR YEAR ENDED DECEMBER 31, 2024 WAS $400,000. |
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