Return Reference | Explanation |
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FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE BOARD PRIOR TO FILING WITH THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | A CONFLICT OF INTEREST POLICY IS IN EFFECT AND ENFORCED BY THE DIRECTORS, OFFICERS, AND KEY EMPLOYEES OF BPHN. ANY RELATED PARTY TRANSACTIONS MUST BE APPROVED BY THE BOARD PRIOR TO EXECUTING THE RELATED PARTY TRANSACTION. |
FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD OF DIRECTORS APPROVES THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND THE BOARD APPROVES ANNUAL COMPENSATION FOR THE ENTITY IN TOTAL. THE EXECUTIVE DIRECTOR DETERMINES THE COMPENSATION OF THE INDIVIDUAL STAFF. BPHN HIRED AN INDEPENDENT HUMAN RESOURCES COMPANY CALLED ASTRON SOLUTIONS, LLC TO CONDUCT A FORMAL REVIEW OF THE CURRENT TOTAL COMPENSATION PROGRAM IMPACTING THE CEO AND ENSURE THAT THE NEW CEO EXECUTIVE COMPENSATION TERMS ARE REASONABLE IN THE CONTEXT OF ALL APPLICABLE LAWS, RULES AND REGULATIONS, INCLUDING, BUT NOT LIMITED TO, IRS INTERMEDIATE SANCTION RULES AND IRS REGULATIONS ON NON-PROFIT INCENTIVE COMPENSATION. BASED ON THE DUE DILIGENCE PERFORMED BY THE COMPENSATION COMMITTEE, THE COMPENSATION COMMITTEE PROPOSED FOR FULL BOARD APPROVAL THE COMPENSATION OF THE CEO. |
FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR |
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