Baltimore Urban Baseball Association Inc Buba

“President is an ex officio member of the board who is counted towards a”

“quorum, but does not vote unless there is a tie on any board vote.”

“The Executive Committee acts on behalf of the board on any matters between”

“meeting or personnel matters better discussed with the Committee.”

“The President, who is a nonvoting member of the board, is the son-in-law of”

“the Secr/Treasurer,who receives no compensation & is considered independent”

“After completion of Form 990, a copy plus a written summary is disbtributed”

“to board members and reviewed via conference call.”

“Board member are not paid for their Board role. Coaching, Program Mgmnt,”

“Admin. & fundraising duties paid to the President based on community wages.”

“President's compensation is reviewed by the Board.”

“Documents filed with the IRS are disclosed on the BUBA website & copies”

“are made available upon request.”

“BUBA agreed to forgo training youth who live outside Baltimore City”

“see write-up in Schedule O”

“Net Income in Excess of Expenses $50,921”

“Net Increase in Assets with Restrictions $223,959”

“Revised Business Terms with New Landlord”

“With the sale of the building in October 2024, BUBA was able to negotiate”

“more favorable business terms with the new owner: 1) to take financial”

“responsibility for all building repairs/replacements and building improve-”

“ments, including the buildout of the western portion of the building(approx”

“8,830SF),turning the entire building into a fully used youth sports train-”

“ing center (20,00SF),2)terminate the $170,000 note payable from BUBA to the”

“prior owners who transferred the note along with building sale,3) provide”

“free use of the facility for BUBA sponsored Baltimore City youth and teams,”

“4) provide support services without charge for registering / accounting of”

“all BUBA athletes using the facility,5)implement a new LAB(Life After Ball)”

“program designed to empower youth on and off the field with life skills”

“which will be available to BUBA athletes,6) modify lease termsto be consis-”

“tent with the purpose and intent of the new relationship between BUBA and”

“the new owners, reflecting a shared use of the expanded building.In”

“consideration of the these changes, BUBA will 1) continue to pay a fixed”

“monthly rental rate equal to the monthly payments paid to the prior owner”

“of the building at the time of the sale, 2) no longer be”

“responsible for training youth who live outside the Baltimore city limits,”

“forgoing revenues generated from those ex city activities, and 3)share”

“space & equipment use w/ the programs sponsored by the new building owners.”

“The resulting terms will achieve the objective of providing a fully”

“functioning baseball / softball training center located in the heart of the”

“City of Baltimore, with the primary focus of servicing City youth.”