Better Business Bureau Inc

“The organization is comprised of non-voting members.”

“Bbb sends a ballot of nominees annually to the full membership and the membership elects the board.”

“Form 990 is reviewed by the board chair and then by the full board of directors.”

“The bbb conflict of interest policy is included in the bbb employee manual. All employees are required to sign. Supervisors monitor individual employee performance and would treat any conflict of interest violations seriously and in accordance with the severity of the violation up to and including termination. The bbb conflict of interest policy is reviewed at the first full board meeting of each year with the directors. The discussion is led by the ceo and bbb legal counsel and directors must sign the policy annually.”

“Each december, a compensation consultant reviews comparable earnings of 501(c)(6) leaders and offers information to bbb executive committee members. The size of the budget, staff, and earnings are compared with similar organizations in this part of the country. A salary is determined along with benefits and goals set for the upcoming year which will determine year-end bonus. Monthly updates of goals progress are given to the executive committee. The job descriptions and areas of oversight for bbb chiefs are reviewed and earnings ranges are developed annually.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon written request.”

“Deferred gain - section 1031 like-kind exchange 470,654.”

“MODIFIED CASH BASIS”

“The organization's oversight process and its process for selection of an independent accountant did not change during the tax year.”

“Realized gain in a section 1031 like-kind exchange. All property transferred was held for use in the taxpayer's business. All property received will be held for use in the taxpayer's business. - description of like-kind property received: 306 west broadway avenue, ft. Worth, tx 76104 date identified: 03/21/2019 date received: 06/05/2019 - description of like-kind property given up: 425 soledad, san antonio, tx 78205 date acquired: 07/28/2011 date transferred: 02/11/2019 - fmw of property received - $1,758,000 - deferred gain or (loss) on property given up - $470,654 - tax basis of like-kind property received - $1,287,436”