Building Owners and Managers Association

“Board members, carrie scott and michael scott, have a familial relationship.”

“Membership in the association shall be open to building owners, building managers, accredited representatives, receivers, trustees and assignees of owners and to other persons, firms, corporations, group associations and organizations interested in such matters and as further provided in the boma international charter and bylaws.”

“All qualified members in good standing are eligible to vote in the affairs of the association. Voting shall be conducted as set forth from time-to-time by the board. Each qualified member in good standing shall be entitled to one vote on officers and directors. The board is the governing body, responsible for the conduct of the associations affairs and the fiduciary care of the associations finances. While it may delegate powers and share responsibilities, the ultimate authority for all official action shall be vested in the board. Their duties shall include, but not be limited to establishing policies initiating activities and programs establishing dues, fees, and assessments and making such recommendations to the membership which will seek to generally advance the interests and objectives of the association. Upon ten 10 business days written notice to the board, bylaws may be adopted, amended or repealed by a two-thirds 2/3 vote of all members of the board of directors at any meeting of the board.”

“The executive director of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed.”

“Annual disclosure process. On an annual basis, each member of the board of directors shall be provided with a copy of this policy, and shall complete and sign the acknowledgement and disclosure form.”

“The board may hire and compensate individuals for necessary services rendered to the organization so long as such compensation is reasonable. The board shall determine reasonable compensation amounts based upon compensation paid by similarly situated nonprofits for like services. All board voting members are volunteers.”

“The organization will provide in a timely manner, financial statements, and governing documents including its conflict of interest policies when requested in writing or in person.”

“The organization utilizes the services of a professional employer organization peo. As such, its employees listed on part i, line 5, and part v, line 2a are common law employees. The organization is reporting the gross wages and employer benefit costs on part ix, lines 5-9, but the employer taxes are listed on part ix, line 11g, along with the peo admin fee, for they are the responsible party.”