Building Owners and Managers Association of Greater New York Inc

“The organization used prestige employee administrations, inc. As a professional employer organization ("peo"). As a peo, prestige provides professional employer services to the organization. In the peo relationship, prestige and the organization share certain responsibilities and allocate other employer responsibilities between each other. Prestige co-employs employees, to the extent required by new york law, performs job functions identified by workers' compensation code classifications. The organization retains sufficient direction and control over the workplace and over the assigned employees as is necessary to supervise all day-to-day work activities of the assigned employees. In addition, the organization retains sufficient direction and control over the workplace as is necessary to conduct the organization's business and without which the organization would be unable to conduct its business, discharge and fiduciary responsibility that it may have, or comply with any applicable licensure, regulatory, or statutory requirement of the organization. Prestige maintains a right of direction and control over assigned employees assigned to the organization's location as is necessary to fulfill its obligations and provides its services under the agreement between the organization and prestige.”

“The organization has members. The members include the followings: principal members - voting members having all rights and privileges of the organization. Associate members - non-voting members, who are associates of principal members. Associate members shall have all rights and privileges of the organization except the right to vote or serve as a director or officer of the organization. Allied members - who shall consist of representatives from contractors, suppliers, entrepreneurs, manufacturers and such other service organizations and industry groups which have a direct interest in real estate in which principal members are involved. Allied members shall have the right to vote only with respect to the election of the allied member director and shall not otherwise have any voting right. Professional members who are representatives educated, licensed or experienced in a profession which is recognized by the organization to have substantial involvement with the real estate industry and offer professional services in their respective areas of knowledge. Professional members shall have the right to vote only with respect to the election of the professional member director and shall not otherwise have any voting rights.”

“The board of directors consist of eleven (a)at-large directors, (b) the former president, (c) the president, vice president, secretary and treasurer, (d) the allied member director, and (e) the professional member director. The at-large directors shall be elected by the vote of the principal members. The allied member director shall be elected by the allied members, and the professional member director shall be elected by the professional members.”

“The by-laws may be amended by a majority vote of the members of the organization. The proposed change of by-laws shall be sent to each member of the organization.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared and is ready to be filed with the internal revenue service, it's submitted to the whole board for review. Each issue is documented and addressed until the return is finalized and approved by the board for filing.”

“The conflict of interest policy applies to all organization's employees, board members and officers. At the january board meeting, the policy is presented for approval or proposed changes. The applicable individuals are required to complete a disclosure statement annually. The person who may be involved in a business transaction in which there is a possible conflict of interest shall promptly notify the president. That person shall refrain from voting on any such transaction, participating in deliberations concerning it, or using personal influence in any way in the matter. That person's presence may not be counted in determining the quorum for any vote with respect to a business transaction in which he or she has a possible conflict of interest. Furthermore, that person, or the president in the director's absence, shall disclose a potential conflict of interest to the other members of the board before any vote on a business transaction and such disclosure shall be recorded in the board minutes of the meeting at which it is made.”

“Personnel committee comprised of the board's 4 officers (president, vice president, treasurer & secretary) determine the executive director's compensation based on experience, current time served with boma, and industry trends in the not-for-profit association industry as well as other boma locals. Once a figure is determined this information is then brought forward to the board of directors for approval. Employee performance evaluations are completed by the executive director for all employees. The process was last undertaken in 2018 and minutes of the board meeting are kept in file.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”