National Bus Traffic Association

“Nbta represents the private intercity motorcoach industry and their suppliers in the us and canada.”

“The association's membership votes during the annual meeting.”

“On occasion, there are special items that are considered by the board at the board's discretion that may require vote of approval from the membership. If it is determined that the membership should vote on these special items, then a special meeting shall be called. With respect to each annual or special meeting called by the board of directors, the board shall determine the class or classes of members eligible to attend. Written or printed notice of each annual or special meeting of the association stating the time, place and object thereof, shall be given to each eligible member in good standing as shown by the records of the secretary of the association by such methods as allowed by law at least thirty (30) days before the date on which the meeting is to be held. No publication of any notice of a meeting of the association shall be required. If any member shall sign a written waiver of notice of any meeting, either before or after the meeting, such waiver shall be deemed equivalent to notice. All eligible members in good standing, present at any annual meeting or special meeting, shall be entitled to vote. At all meetings of the association, the presence of one-tenth of the eligible votes shall constitute a quorum for the transaction of business. If such quorum shall not be present, the members entitled to vote thereat, represented in person, and shall have power to adjourn the meeting from time to time, without notice other than announcement at the meeting, or until a quorum shall be represented. At such adjourned meetings at which a quorum shall be present or represented, any business may be transacted which might have been transacted at the meeting as originally notified.”

“Nbta does not provide a copy of the full form 990 to its board for review prior to filing. Nbta has quarterly board meetings and provides access to all of the information that is incorporated into the final form 990 including such information as employee compensation, insurance policies, and audited financial statements at each meeting. The board has full access to the final form 990 following its filing as does every member of the public.”

“Board members are reminded of the conflict of interest in place at the organization and are required to disclose of any potential conflicts during board meetings held three times per year.”

“Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d).”

“National bus traffic association does not compensate anyone shown in part vii of the form 990 or schedule j, part ii. The compensation shown in these sections is paid by the american bus association, the association's related organization. The association relies on the compensation determination methodology of the american bus association. The following is the compensation methodology used by american bus association: on average a compensation consultant is hired every two years to perform a compensation schedule to determine if what the association is paying is competitive. The executive committee reviews the outcome to determine if adjustments are required.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”