Return Reference | Explanation |
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Form 990, Part VI, Line 6 | The sole member of the Youth Foundation is the Office of the Commissioner of baseball, which is a related entity. |
Form 990, Part VI, Lines 7a & 7b | MAJOR LEAGUE BASEBALL YOUTH FOUNDATION HAS A SINGLE MEMBER, THE OFFICE OF THE COMMISSIONER OF BASEBALL (BOC). THE OFFICE OF THE COMMISSIONER OF BASEBALL SHALL HAVE THE RIGHT TO VOTE, AS SET FORTH IN THE BYLAWS, ON THE ELECTION OF DIRECTORS, ON THE DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF MAJOR LEAGUE BASEBALL YOUTH FOUNDATION'S ASSETS, ON ANY MERGER AND ITS PRINCIPAL TERMS AND ANY AMENDMENT OF THOSE TERMS, AND ON ANY ELECTION TO DISSOLVE MAJOR LEAGUE BASEBALL YOUTH FOUNDATION. IN ADDITION, THE OFFICE OF THE COMMISSIONER OF BASEBALL HAS ALL RIGHTS AFFORDED TO MEMBERS UNDER SECTION 5056 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. |
Form 990, Part VI, Line 11b | The form 990 is prepared by an outside accounting firm. The Form 990 is then reviewed by the SVP/Treasurer of the Office of the Commissioner of Baseball as well as the signing officer of the Youth Foundation. |
Form 990, Part VI, Lines 15a & 15b | The President/Director is not compensated by the reporting organization. The compensation of all Youth Foundation Employees is reviewed and approved by management of the Office of the Commissioner of Baseball. |
Form 990, Part VI, Line 19 | The organization provides copies of its Form 990 upon request. EXTERNAL REQUESTS FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE REVIEWED FOR VALIDITY. THESE REQUESTS ARE THEN GRANTED IF DEEMED APPROPRIATE. |
Form 990, Part XI, Line 9 | Loss on pension benefits not immediately recognized: -$187,319 |
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