Orange Bowl Committee Inc

“All members have the right to vote in the election of members of the board of directors and vote to approve certain decisions of the board of directors as described in the explanations for questions 7a and 7b. No members of the organization have the right to receive distributions of income or assets from the organization.”

“All members in good standing per the by-laws, excluding collegiate representative members, honorary members, members at large, emeritus members and active members until the completion of their second festival, have the right to vote for members of the board of directors. Each year the election will include the second vice-chair, one-two past chairs/presidents, and six-seven at-large directors (for a two-year term).”

“All members in good standing per the by-laws, excluding collegiate representative members, honorary members, members at large, emeritus members and new active members until the completion of their second festival, have the right to vote on the following matters: election of new members, election of the 2nd vice chair, election of and removal of board members, the amount of charges for membership benefits including dues and assessments, the criteria for new members to meet before they are elected, the purchase, sale or encumbrance of any real property, the election of members to the membership services committee, any amendment to the articles of incorporation or bylaws of the committee, the annual budget for the committee and any contract with a term of one year or more and which has aggregate expenditures of more than $1,000,000.00 (whether lump sum or installment), with the exception of employment agreements.”

“Form 990 is initially reviewed by the organization's ceo, cfo, treasurer, and audit committee and then presented to board of directors for approval before it is filed.”

“It is the policy of the committee that any business done with any member or member's company must be fair, reasonable and competitive within the marketplace, and have the prior approval of the board. Whenever such business is being discussed and voted on by the board, any member(s) with an interest in said business must disclose such interest, not participate in board discussions and abstain from voting. Also, annually each board member and key employee must complete a confidential conflict of interest disclosure statement.”

“The compensation of the ceo is established by the board of directors through a transparent, structured and thoughtful process designed to ensure the reasonableness of such compensation, and the process is documented in the minutes of the meetings of the board of directors. It involves both internal (employee performance assessment) and external (marketplace surveys and comparables for similarly situated entities) reviews. The compensation committee of the board of directors is charged with recommending to the board the compensation of the ceo. In making the recommendation, the bylaws require compliance with the requirements for the rebuttable presumption of reasonableness in accordance with the "intermediate sanctions" regulations under section 4958 of the code. The members of the board of directors are elected annually by the 300 plus membership of the organization and are subject to term limits to assure their independence and community orientation.”

“The compensation of the chief operating officer, chief marketing officer, and chief financial officer is set in the same manner as that of the ceo, by recommendation of the compensation committee and approval by the board of directors after review of market place surveys and comparables for similarly-situated entities. This was done in compliance with the requirements for the rebuttable presumption of reasonableness in accordance with the "intermediate sanctions" regulations under section 4958 of the code. The compensation of other officers and key employees is recommended by the ceo to a compensation committee for its approval. The compensation committee in its review takes into consideration inflation, experience, performance, surveys of similar organization and outside compensation consultants.”

“The organization makes its governing documents, conflict of interest policy, and irs form 990 available to the public upon request.”

“Form 990 is designed as a financial reporting vehicle. Its nature does not always allow for detailed descriptions of certain items. We encourage anyone viewing this document for any other purpose than that for which it is intended to contact the orange bowl committee with additional questions.”

“Due to miami-dade county park project:during november of 2020, the committee entered into an agreement with miami-dade county to make a charitable contribution of $1.15 million to improve a park in miami-dade county. As of april 30, 2025, the balance due to the county was $1,150,000.”