FORM 990, PART VI, SECTION A, LINE 2 |
BILLIE JEAN KING AND ILANA KLOSS HAVE A BUSINESS RELATIONSHIP. |
FORM 990, PART VI, SECTION A, LINE 3 |
BILLIE JEAN KING ENTERPRISES, INC. WILL PROVIDE EXECUTIVE MANAGEMENT SERVICES TO THE BILLIE JEAN KING LEADERSHIP INITIATIVE FOUNDATION TO IMPLEMENT THE STRATEGIC GOALS AND OBJECTIVES OF THE FOUNDATION AND ALL OTHER SERVICES AND PERSONNEL NECESSARY AND APPROPRIATE TO OPERATE THE FOUNDATION. THE MONTHLY FEE FOR THESE SERVICES IS $20,000. THE AGREEMENT HAS A ONE YEAR TERM THROUGH DECEMBER 31, 2020 WITH AUTOMATIC RENEWAL OF A SUBSEQUENT ONE-YEAR TERM. |
FORM 990, PART VI, SECTION B, LINE 11B |
A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. EACH INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT AND DISCLOSE HIS OR HER INTERESTS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPERDIZE ITS TAX-EXEMPT STATUS, REGULAR AND CONSISTENT REVIEWS SHALL BE CONDUCTED. |
FORM 990, PART VI, SECTION B, LINE 15 |
CURRENTLY, THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. HOWEVER, IF A FORMAL OFFER IS MADE, A COMPENSATION BENCHMARKING EXERCISE WOULD BE PERFORMED. |
FORM 990, PART VI, SECTION C, LINE 19 |
THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST. THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE VIA THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE FORM 990 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. |