Building Owners & Managers Association

“The board of directors, by resolution duly adopted by a majority of the directors then in office, may create one or more committees, each consisting of at least one (1) director, and may appoint directors and members of the association to such committees, to serve at the pleasure of the board of directors. A member of the board of directors shall chair each committee. Committees or task forces shall exercise the authority delegated to them by the board of directors and others as set forth in the bylaws. Each shall conform to any regulations, restrictions or charges imposed by the president or the board of directors. Each shall meet and adjourn as its members direct. Questions arising at meetings shall be determined by a majority vote of members present and voting. In the case of a tie vote, the president shall have a second or deciding vote.”

“The organization is managed by an association management company which is charged with the job of engaging a cpa to prepare the exempt tax return.”

“Boma of sacramento has membership based on the following criteria: principal member a legal entity owning, developing, managing, leasing and/or controlling real estate professionals who support and subscribe to the objectives of the association. Allied member a legal entity or individual who supports and subscribes to the objectives of the association and who provides a service or product to building owners and/or managers. Professional member individuals or companies that provide professional services such as attorneys, insurance brokers, real estate brokers, architects, designers, bankers, etc. Who provide services to building owners and managers and who support and subscribe to the objectives of the association. Additional members (principal, allied or professional) a second (third or fourth) representative of an principal, allied, or professional corporate membership; three principal, allied, or professional additional members are allowed under one principal, allied or professional regular full dues paying member. Additional members may not vote, sit on the board of directors, and will not receive member benefits from boma international, but will enjoy all the benefits of boma sacramento such as:boma membership directory with their name listed, boma's monthly newsletter, the bomanews, reduced prices for the networking luncheons, education classes, vendor fair, and many other resources.”

“A meeting of the members of the association, which shall be known as the "annual meeting", shall be held in november of each year, at such time and place as may be selected by the board of directors, for the purpose of installing newly elected officers and members of the board of directors and of transacting any other business which may be properly presented to membership at the annual meeting. Notice of the time and place of the annual meeting shall be delivered by the bae to each member at least thirty (30) days in advance via postal or electronic mail to the last known postal or email address provided to the association by that member.”

“SEE LINE 7A EXPLANATION.”

“The form 990 is then available to all board members for review prior to filing the return.”

“Conflicts are discussed regularly among the board of directors and addressed, if necessary. The executive director will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the boma president in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“The organization makes its governing documents and financial statements available to the public by request.”