Brighton Marine Health Center Inc

“The organization's form 990 was inititially reviewed by the senior vice president of admin & finance and president for content and accuracy. Before submission to the internal revenue service, unsigned paper copies were distributed to all members of the board of directors for comment. Negative replies were not required, except by members of the finance committee, who were charged with the formal review and approval of the form's filing.”

“The organization's conflict of interest policy covers all directors and officers of the organization as well as employees, consultants, or other persons who may be in a position to exercise influence over the organization's affairs. These covered individuals are also obligated to disclose any potential conflict of interest arising from the interest and activities of members of their immediate family. All covered persons must sign a statement annually which indicates they have reviewed the policy and agree to comply with its terms. As soon as there are any potential conflicts with a covered person, the person shall make full disclosure to the president to permit an impartial and objective determination of whether a real or potential conflict does exist. If the covered person is the president, full disclosure should be made to the chairman of the board of directors. If it is determined that a conflict does exist, the covered person should make full disclosure to the board, and the meetings minutes shall reflect such disclosure and any related deliberations and decisions made by the board.”

“The process for determining compensation and benefits for top management officals and key employees, is the responsibility of the organization's executive committee and board of directors. The executive committee will approve the salary for all management employees. The executive committee will make a recommendation to the board of directors on the ceo's salary but the board of directors is ultimately responsible for approving the ceo's salary.”

“The organization makes available for public inspection, all records, documents, recitals and information as required by the commonwealth of massachusetts and federal laws and regulations. Requests for such information can be made verbally, or in writing and the organization will respond promptly. In addition, the organization's audited financial statements can be found on its website.”

“Brighton marine, inc. Is a massachusetts non-profit organization that is the sole owner of bmhc, llc., a single member llc. Bmhc, llc filed a form 8832, entity classification election to be taxed as a corporation which was approved by the irs in a letter dated may 7, 2018. Brighton marine, inc. Has a september 30 fiscal year. Bmhc, llc has a december 31 fiscal year. Bmhc, llc is required to make a 168(h)(6)(f)(ii) election with its fiscal year ended december 31, 2020 form 1120 tax filing which is due on or before october 15, 2021. It is our understanding that brighton marine, inc. (nfp) is required to include a copy of this election with its form 990 after the election has first been filed by bmhc, llc. Since bmhc, llc's december 31, 2020 fiscal year end falls within brighton marine, inc.'s fiscal year ended september 30, 2021, then brighton marine, inc. Is not required to include a copy of the election until it files its form 990 for september 30, 2021. However, we have enclosed a copy of the election with its september 30, 2020 filing as a protective election. Election under section 168(h)(6)(f)(ii) taxpayer name and address: bmhc, llc, 77 warren street, brighton, ma 02135 taxpayer ein: 38-4043348 tax year ending: december 31, 2020 taxpayer, bmhc, llc, is a ma limited liability company as to which an election under treasury regulation 301.7701-3 has been made to treat taxpayer as an association taxable as a corporation for us income tax purposes. All of taxpayer's limited liability company interest is owned by its sole member, brighton marine, a section 501(c)(3) organization. Election taxpayer, bmhc, llc, hereby irrevocably elects under 168(h)(6)(f)(ii) to not be treated as a tax-exempt entity for purposes of 168(h)(5) or 168(h)(6). Taxpayer acknowledges that any gain recognized on the disposition of an interest in taxpayer, and any dividend or interest received or accrued by a tax-exempt entity from taxpayer, will be treated as unrelated business taxable income for purposes of 511. The undersigned manager of taxpayer hereby declares under penalties of perjury that such manager is authorized to make this election on taxpayer's behalf.”