SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
BILLIE JEAN KING LEADERSHIP
INITIATIVE FOUNDATION
Employer identification number

46-4755352
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 2 BILLIE JEAN KING AND ILANA KLOSS HAVE A BUSINESS AND FAMILY 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, 2022 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 IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2022


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