| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2: | THE BROADWAY LEAGUE IS A TRADE ASSOCIATION REPRESENTING VARIOUS INTERESTS IN THE PRODUCTION OF BROADWAY THEATRE THROUGHOUT THE UNITED STATES. ITS MEMBERS INCLUE THEATRE OWNERS, PRODUCERS, PRESENTERS, AND GENERAL MANAGERS, AND ITS BOARD OF GOVERNORS IS DRAWN FROM MEMBERS WHO UNDERTAKE SUCH ROLES. AS A RESULT, MEMBERS OF THE BOARD WILL ALMOST CERTAINLY HAVE BUSINESS RELATIONSHIPS WITH VARIOUS OTHER MEMBERS OF THE BOARD. FURTHER, CERTAIN MEMBERS ARE EMPLOYED BY THE SAME ORGANIZATION AND CERTAIN BOARD MEMBERS HAVE A FAMILY RELATIONSHIP WITH OTHER BOARD MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 6: | THE MEMBERS OF THE ORGANIZATION ARE THEATRE OWNERS AND OPERATORS, PRODUCERS, PRESENTERS & GENERAL MANANGERS OF BROADWAY & TOURING BROADWAY PRODUCTIONS. |
| FORM 990, PART VI, SECTION A, LINE 7A: | THE BY-LAWS DESIGNATE ALL FULL, HONORARY AND LIFETIME MEMBERS AS ENTITLED TO VOTE IN ALL ELECTIONS, AND FURTHER STATE THAT THE BOARD OF GOVERNORS SHALL BE ELECTED BY MEMBERS AT THE ANNUAL MEETING. |
| FORM 990, PART VI, SECTION B, LINE 11B: | A DRAFT OF 990 IS SENT TO THE BOARD OF GOVERNORS FOR REVIEW AND COMMENTS BEFORE SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C: | THE BROADWAY LEAGUE INC. HAS A CONFLICTS OF INTEREST POLICY WHICH APPLIED TO ALL MEMBERS OF THE BOARD OF GOVERNORS DURING THE FISCAL YEAR UNDER REVIEW. THIS POLICY REQUIRES ANNUAL DISCLOSURE OF POTENTIAL CONFLICTS. |
| FORM 990, PART VI, SECTION B, LINE 15A: | THE PRESIDENT'S ANNUAL SALARY IS APPROVED BY A COMPENSATION COMMITTEE APPOINTED BY THE BOARD. COMPENSATION IS BASED ON INDUSTRY STANDARDS. |
| FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: | PENSION RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 156,725 EQUITY LOSS OF JOINT VENTURES -118,428 Reserve for investment in joint venture -500,000 TOTAL TO FORM 990, PART XI, LINE 9 -461,703 |
| FORM 990, PART XII, LINE 2C: | THE BOARD HAS APPROVED THE AUDIT COMMITTEE FOR THE OVERSIGHT OF THE AUDIT WHICH INCLUDES REVIEWING THE AUDITED FINANCIALS. |
| FORM 990, PART VI, SECTION C, LINE 19: | GOVERNING DOCUMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICES UPON REQUEST. |
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