Civic Intelligence

Public Broadcasting Management Association

990 • Fiscal year 2020 • EIN 23-2724555

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 05, 2020

1300 Piccard Drive No Ll 14Rockville, MD 20850

(240) 844-3600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.25x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.21x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-13%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

45th percentile

0.5%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

26th percentile

-43%

Faster revenue growth than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$168,298

Up $761 (+0.5%) from 2019

Net Assets

Down

$126,038

Down $26,719 (-17%) from 2019

Liabilities

Up

$42,260

Up $27,480 (+186%) from 2019

Revenue

Down

$201,848

Down $154,661 (-43%) from 2019

Expenses

Down

$228,567

Down $116,247 (-34%) from 2019

Net Income

Down

-$26,719

Down $38,414 (-328%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2012: $85,448Liabilities 2012: $28,997Net Assets 2012: $56,4512012Assets 2013: $81,568Liabilities 2013: $12,418Net Assets 2013: $69,1502013Assets 2014: $231,657Liabilities 2014: $135,729Net Assets 2014: $95,9282014Assets 2015: $182,997Liabilities 2015: $75,135Net Assets 2015: $107,8622015Assets 2016: $201,255Liabilities 2016: $77,435Net Assets 2016: $123,8202016Assets 2017: $149,796Liabilities 2017: $18,890Net Assets 2017: $130,9062017Assets 2018: $147,278Liabilities 2018: $6,216Net Assets 2018: $141,0622018Assets 2019: $167,537Liabilities 2019: $14,780Net Assets 2019: $152,7572019Assets 2020: $168,298Liabilities 2020: $42,260Net Assets 2020: $126,0382020Assets 2021: $103,497Liabilities 2021: $8,835Net Assets 2021: $94,6622021Assets 2022: $131,781Liabilities 2022: $36,977Net Assets 2022: $94,8042022Assets 2023: $190,432Liabilities 2023: $103,065Net Assets 2023: $87,3672023

Highlighted filing

2020

Assets$168,298
Liabilities$42,260
Net Assets$126,038

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2012: $238,077Expenses 2012: $223,647Net Income 2012: $14,4302012Expenses 2013: $243,5682013Revenue 2014: $369,588Expenses 2014: $342,810Net Income 2014: $26,7782014Revenue 2015: $262,645Expenses 2015: $250,711Net Income 2015: $11,9342015Revenue 2016: $280,228Expenses 2016: $264,270Net Income 2016: $15,9582016Revenue 2017: $286,955Expenses 2017: $279,869Net Income 2017: $7,0862017Revenue 2018: $317,024Expenses 2018: $306,868Net Income 2018: $10,1562018Revenue 2019: $356,509Expenses 2019: $344,814Net Income 2019: $11,6952019Revenue 2020: $201,848Expenses 2020: $228,567Net Income 2020: -$26,7192020Revenue 2021: $201,864Expenses 2021: $233,240Net Income 2021: -$31,3762021Revenue 2022: $357,228Expenses 2022: $357,086Net Income 2022: $1422022Revenue 2023: $372,786Expenses 2023: $380,223Net Income 2023: -$7,4372023

Highlighted filing

2020

Revenue$201,848
Expenses$228,567
Net Income-$26,719
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$201,848
Mission and Program Overview

Mission

The public media business association is the "go-to" trade association serving the business needs of public media, focused on delivering peograms and services that enhance the efficiency, effectiveness, and economics of public media. General managers, cfo's, financial and business executives, and human resource professionals from pmba member stations benefit from access to public media business intelligence, training, and the exercise of collective benefit. The value of pmba is critical to the bottom line -- not just to our member stations, but to all of public media.

Pmba is the trade association serving the business needs of public radio and tv stations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$101,052$101,115▲ $63
Cash and Non-Interest-Bearing Accounts$52,862$58,900▲ $6,038
Prepaid Expenses and Deferred Charges$5,623$5,533▼ $90
Accounts Receivable$8,000$2,750▼ $5,250
Total Assets$167,537$168,298▲ $761
Liabilities
Deferred Revenue$14,780$42,260▲ $27,480
Total Liabilities$14,780$42,260▲ $27,480
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$152,757$126,038▼ $26,719
Total Net Assets Fund Balance$152,757$126,038▼ $26,719
Total Liabilities and Net Assets / Fund Balance$167,537$168,298▲ $761
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rita EcheverriaChair
Vince PetronzioImmediate Past Chair
Joann UrofskyVice Chair
Andrew LeitchDirector
Anthony PadgettDirector
Carol FarrisDirector
David DukeDirector
Howard PearlDirector
Joseph SchifanoDirector
Kenneth BrownDirector
Kristen CrockettDirector
Maureen HughesDirector
Megan DaveyDirector
Michael ScherDirector
Nicole BanmanDirector
Mike WaruszewskiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Management Solutions PlusManagement1300 PICCARD DRIVE LL 14, Rockville, MD 20850$153,350
Revenue and Support

Revenue Composition

Contributions and Grants
$7,500
Program Service Revenue
$194,285
Investment Income
$63
Other Revenue
$0
All Other Contributions
$7,500
Change in Net Assets
$-26,719

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,848
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$201,848
Total Revenue per Form 990
$201,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$228,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$122,680$30,800-$153,480
Conferences and Meetings$22,541--$22,541
Information Technology-$13,320-$13,320
Fees for Services Accounting-$10,000-$10,000
Office Expenses-$8,682-$8,682
Other Expenses$2,909--$2,909
Insurance-$967-$967
Advertising$168--$168
Total Functional Expenses$164,798$63,769$0$228,567

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$228,567
Total Expenses per Audited Statements$228,567
Total Expenses per Form 990$228,567
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The board selected a management company to provide staffing, leased space, etc. In order to conduct its programs and perform general duties.

Form 990, Part VI, Section A, Line 6

The association has members who are interested in the public broadcasting profession. They pay a yearly membership fee.

Form 990, Part VI, Section A, Line 7A

The members of the association elect the board of directors.

Form 990, Part VI, Section A, Line 7B

The membership must approve significant changes to the articles.

Form 990, Part VI, Section B, Line 11B

A copy of the 990 is given to the executive director for review before filing. It is made available to the board of directors for review.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policies and issues are discussed at each board meeting and documented in the board minutes.

Form 990, Part VI, Section B, Line 15A

The board of directors selected a management company for the association after issuing a request of proposal and carefully evaluating proposals that it receives. The board conducts an annual review. Management fees are set during the annual budgeting process.

Form 990, Part VI, Section C, Line 18

Form 990 is available upon request.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and form 990 available upon request.

Filing and Contact Details

Filer

Filer Name
Public Broadcasting Management Associati
EIN
23-2724555
Phone
2408443600
Address
1300 PICCARD DRIVE NO LL 14, ROCKVILLE, MD 20850
Doing Business As
Public Media Business Association

Signing Officer

Name
Sara Wood
Title
Executive Director
Phone
2408443600
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Wood
Formed
1993
Legal Domicile
De
Voting Board Members
16
Independent Board Members
16
Employees
0
Volunteers
34

Preparer

Firm
Dembo Jones Pc
Address
6116 EXECUTIVE BLVD SUITE 500, NORTH BETHESDA, MD 20852
Preparer
Donald K Marshall
Phone
3017705100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

Pmba's finance committee is responsible for oversight of the audit, including the selection of the independent accountant. The process is consistent with prior years.

Financial Statement Notes

PART X, LINE 2:

The notes to the reviewed financial statements included a note that the associations does not have any uncertain tax positions.

Raw XML AppendixShowing 400 of 490 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE PUBLIC MEDIA BUSINESS ASSOCIATION IS THE "GO-TO" TRADE ASSOCIATION SERVING THE BUSINESS NEEDS OF PUBLIC MEDIA, FOCUSED ON DELIVERING PEOGRAMS AND SERVICES THAT ENHANCE THE EFFICIENCY, EFFECTIVENESS, AND ECONOMICS OF PUBLIC MEDIA. GENERAL MANAGERS, CFO'S, FINANCIAL AND BUSINESS EXECUTIVES, AND HUMAN RESOURCE PROFESSIONALS FROM PMBA MEMBER STATIONS BENEFIT FROM ACCESS TO PUBLIC MEDIA BUSINESS INTELLIGENCE, TRAINING, AND THE EXERCISE OF COLLECTIVE BENEFIT. THE VALUE OF PMBA IS CRITICAL TO THE BOTTOM LINE -- NOT JUST TO OUR MEMBER STATIONS, BUT TO ALL OF PUBLIC MEDIA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0152757
IRS990/NetAssetsOrFundBalancesEOYAmt0126038
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0152757
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0126038
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08682
IRS990/OfficeExpensesGrp/TotalAmt08682
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COMPENSATION STUDY
IRS990/OtherExpensesGrp/Desc1BOARD AND COMMITTEES
IRS990/OtherExpensesGrp/ProgramServicesAmt016500
IRS990/OtherExpensesGrp/ProgramServicesAmt12909
IRS990/OtherExpensesGrp/TotalAmt016500
IRS990/OtherExpensesGrp/TotalAmt12909
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05623
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05533
IRS990/PrincipalOfficerNm0SARA WOOD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION - CONFERENCE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0143745
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150540
IRS990/ProgSrvcAccomActy2Grp/Desc0PMBA MEMBERSHIP: PMBA TELEPHONE TOOLKITS USE A WEBINAR FORMAT TO PROVIDE MEMBERS WITH UP-TO-THE-MINUTE INFORMATION AND LIVE INTERACTION WITH EXPERTS IN AREAS SUCH AS LEGAL ISSUES, HUMAN RESOURCES, FEDERAL FUNDING, COMPLIANCE, AND BUSINESS PLANNING.PMBA STATEMENTS IS PMBA'S ELECTRONIC NEWSLETTER, SENT TWICE PER MONTH. IT INCLUDES PMBA UPDATES AND INFORMATIVE ARTICLES.
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IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0143745
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07565
IRS990/PYInvestmentIncomeAmt0101
IRS990/PYOtherExpensesAmt0337249
IRS990/PYOtherRevenueAmt01285
IRS990/PYProgramServiceRevenueAmt0219114
IRS990/PYRevenuesLessExpensesAmt011695
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0344814
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0356509
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-26719
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0101052
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0125369
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0123926
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0125819
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt063
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0101
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0290
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0129864
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0117601
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt090452
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt087206
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0445663
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt030000
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt089250
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt072100
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt072500
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt067200
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0331050
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt063
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0101
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt027
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0290
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IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90060
IRS990ScheduleA/PublicSupportPY509Pct00.89750
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt032561
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt033500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0142101
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt05000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt042294
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt028746
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt032561
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt033500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0142101
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0194285
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0355123
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0315070
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0286878
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0280225
IRS990ScheduleA/Total509Grp/TotalAmt01431581
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0194348
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0355224
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0315166
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0286905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0280228
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01431871
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0228567
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0201848
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE NOTES TO THE REVIEWED FINANCIAL STATEMENTS INCLUDED A NOTE THAT THE ASSOCIATIONS DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0228567
IRS990ScheduleD/TotalRevenuePerForm990Amt0201848
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0201848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0228567
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD SELECTED A MANAGEMENT COMPANY TO PROVIDE STAFFING, LEASED SPACE, ETC. IN ORDER TO CONDUCT ITS PROGRAMS AND PERFORM GENERAL DUTIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ASSOCIATION HAS MEMBERS WHO ARE INTERESTED IN THE PUBLIC BROADCASTING PROFESSION. THEY PAY A YEARLY MEMBERSHIP FEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE ASSOCIATION ELECT THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERSHIP MUST APPROVE SIGNIFICANT CHANGES TO THE ARTICLES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS GIVEN TO THE EXECUTIVE DIRECTOR FOR REVIEW BEFORE FILING. IT IS MADE AVAILABLE TO THE BOARD OF DIRECTORS FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICT OF INTEREST POLICIES AND ISSUES ARE DISCUSSED AT EACH BOARD MEETING AND DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS SELECTED A MANAGEMENT COMPANY FOR THE ASSOCIATION AFTER ISSUING A REQUEST OF PROPOSAL AND CAREFULLY EVALUATING PROPOSALS THAT IT RECEIVES. THE BOARD CONDUCTS AN ANNUAL REVIEW. MANAGEMENT FEES ARE SET DURING THE ANNUAL BUDGETING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PMBA'S FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT, INCLUDING THE SELECTION OF THE INDEPENDENT ACCOUNTANT. THE PROCESS IS CONSISTENT WITH PRIOR YEARS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15A

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