FORM 990, PART VI, SECTION A, LINE 6 |
THE BBB INSTITUTE FOR MARKETPLACE TRUST IS A MEMBERSHIP CORPORATION WITH THE COUNCIL OF BETTER BUSINESS BUREAUS AS THE SOLE MEMBER. |
FORM 990, PART VI, SECTION A, LINE 7A |
AS THE SOLE MEMBER OF BBB INSTITUTE, CBBB HAS THE AUTHORITY TO DETERMINE THE NUMBER OF DIRECTORS, APPROVE DIRECTORS APPOINTED BY THE BBB INSTITUTE BOARD, REMOVE DIRECTORS, AND APPROVE APPOINTMENT OF THE PRESIDENT. |
FORM 990, PART VI, SECTION A, LINE 7B |
SEVERAL GOVERNANCE DECISIONS INCLUDING CHANGES TO GOVERNING DOCUMENTS ARE SUBJECT TO MEMBER APPROVAL. |
FORM 990, PART VI, SECTION B, LINE 11B |
A DRAFT OF THE IRS FORM 990 IS SHARED WITH THE BOARD OF DIRECTORS PRIOR TO ITS SUBMISSION TO THE IRS, TAKING INTO ACCOUNT THEIR COMMENTS. |
FORM 990, PART VI, SECTION B, LINE 12C |
BBB INSTITUTE DIRECTORS ARE ANNUALLY ASKED TO COMPLETE A CONFLICT OF INTEREST FORM. THE GENERAL COUNSEL REVIEWS ANY ACTUAL OR PERCEIVED CONFLICT OF INTEREST AND DISCUSSES THE POTENTIAL CONFLICT AND ANY APPROPRIATE RESPONSIVE ACTIONS WITH AFFECTED DIRECTORS. MEETING MINUTES WILL DISCLOSE ANY POTENTIAL CONFLICT RELATING TO A PARTICULAR MATTER BEFORE THE BOARD, INCLUDING AN INDICATION THAT THE INTERESTED DIRECTOR DID NOT PARTICIPATE IN ANY VOTE ON THE MATTER. |
FORM 990, PART VI, SECTION B, LINE 15A |
THE BOARD OF THE INSTITUTE REVIEWS THE PERFORMANCE OF THE PRESIDENT AND CEO. THE BOARD SETS GOALS AND EXPECTATIONS FOR THE ENTITY, AND PRESIDENT AND CEO POSITION; AND ASSESSES THE PRESIDENT AND CEO'S PERFORMANCE IN MEETING THOSE GOALS. THIS ASSESSMENT IS USED IN CONJUNCTION WITH A REVIEW OF COMPENSATION INFORMATION AVAILABLE FOR SIMILAR POSITIONS EACH YEAR IN DETERMINING THE PRESIDENT AND CEO'S COMPENSATION. |
FORM 990, PART VI, SECTION C, LINE 19 |
BBB INSTITUTE AUDITED FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS ARE MADE AVAILABLE TO INQUIRERS UPON REQUEST. |
FORM 990, PART IX, LINE 11G |
CONSULTING: PROGRAM SERVICE EXPENSES 62,514. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 68,750. TOTAL EXPENSES 131,264. CONTRACTORS : PROGRAM SERVICE EXPENSES 3,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,000. |
FORM 990, PART XII, LINE 2C |
THE AUDIT OVERSIGHT PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. |