| FORM 990, PART I, LINE 8: |
BLUE MERIDIAN PARTNERS, INC. IMPLEMENTED A NEW ACCOUNTING STANDARD ASU 2018-08 AS MANDATED BY GAAP FOR ITS FISCAL YEAR 2020. THE IMPLEMENTATION OF THIS NEW STANDARD RESULTED IN THE RESTATING OF THE PRIOR YEAR FINANCIALS, MAINLY INCREASING THE NET ASSET AND RECEIVABLE BALANCES. FURTHER INFORMATION REGARDING THE IMPACT OF THIS IMPLEMENTATION CAN BE FOUND ON THE ORGANIZATIONS FY20 AUDITED FINANCIAL STATEMENTS, WHICH CAN BE FOUND ON HTTPS://WWW.BLUEMERIDIAN.ORG/. |
| FORM 990, PART VI, SECTION A, LINE 2 |
NANCY ROOB AND RALPH STEFANO HAVE A BUSINESS RELATIONSHIP BECAUSE THEY ARE EMPLOYED BY THE EDNA MCCONNELL CLARK FOUNDATION ("EMCF") AND NANCY ROOB IS AN OFFICER AND DIRECTOR OF EMCF AND RALPH STEFANO IS AN OFFICER OF EMCF. |
| FORM 990, PART VI, SECTION A, LINE 6 |
THE EDNA MCCONNELL CLARK FOUNDATION ("EMCF") IS THE SOLE MEMBER OF BMP INC. |
| FORM 990, PART VI, SECTION A, LINE 7A |
AS A MEMBER, EMCF HAS CERTAIN RIGHTS AND DUTIES WHICH INCLUDE ELECTING THE BOARD OF DIRECTORS ANNUALLY. |
| FORM 990, PART VI, SECTION A, LINE 7B |
AS A MEMBER, EMCF HAS CERTAIN RIGHTS AND DUTIES WHICH INCLUDE APPROVING MAJOR CORPORATE TRANSACTIONS, SUCH AS A MERGER OR DISSOLUTION OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 11B |
THE COMPLETED FORM 990 IS REVIEWED WITH THE ORGANIZATION'S LEGAL COUNSEL. ONCE FINALIZED, THE FORM IS THEN REVIEWED WITH BOARD MEMBERS RESPONSIBLE FOR LEADING ON AUDIT AND TAX MATTERS. ONCE APPROVED, IT IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW AND APPROVAL. THE FORM 990 IS THEN FILED WITH THE IRS AND A PUBLIC DISCLOSURE COPY OF THE FORM IS PUBLISHED ON THE ORGANIZATION'S WEBSITE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
BLUE MERIDIAN'S CONFLICT OF INTEREST POLICY IS DISTRIBUTED AND REVIEWED EACH YEAR BY ALL DIRECTORS, OFFICERS, COMMITTEE MEMBERS AND KEY EMPLOYEES AND SUCH INDIVIDUALS PROVIDE AN ANNUAL STATEMENT ACKNOWLEDGING RECEIPT. THE POLICY REQUIRES THAT IF ANY DIRECTOR, OFFICER, COMMITTEE MEMBER OR KEY EMPLOYEE OF THE CORPORATION BECOMES AWARE OF ANY TRANSACTION UNDER CONSIDERATION THAT POTENTIALLY CREATES A CONFLICT OF INTEREST, HE OR SHE IS OBLIGATED TO NOTIFY THE BOARD AND TO DISCLOSE ALL KNOWN MATERIAL FACTS RELATING TO THE CONFLICT OF INTEREST IN THE TRANSACTION. THE BOARD WILL DETERMINE WHETHER AN ACTUAL CONFLICT OF INTEREST EXISTS AND TAKE ACTION THAT THE BOARD DEEMS APPROPRIATE. THE INTERESTED PERSON MAY NOT BE PRESENT WHEN THE BOARD MAKES ITS DETERMINATION OTHER THAN TO ANSWER QUESTIONS. IF NO CONFLICT OF INTEREST IS FOUND TO EXIST, THE MINUTES OF THE MEETING MUST RECORD THE BASIS OF THE BOARD'S DETERMINATION. |
| FORM 990, PART VI, SECTION B, LINE 15 |
AS A DOCUMENTED AND ONGOING PROCESS, BMP UTILIZES A THIRD PARTY VENDOR TO BENCHMARK THE COMPENSATION OF ALL EMPLOYEES OF THE ORGANIZATION EVERY 2 YEARS. THIS STUDY DETERMINES THE MARKET SALARY RANGE FOR EVERY POSITION BASED ON THE JOB DESCRIPTION WHICH INCLUDES REQUIRED QUALIFICATIONS. THE SALARY IS DETERMINED BY USING COMPARABLE MARKET DATA RELEVANT TO OUR INDUSTRY AND SIZE. THE RESULTS OF THE STUDY FOR THE CEO'S SALARY AND THE FOLLOWING 3 HIGHEST PAID EMPLOYEES IS THEN REVIEWED BY THE COMPENSATION COMMITTEE WHICH IS COMPRISED OF 3 BOARD MEMBERS. THE COMPENSATION COMMITTEE MAKES A RECOMMENDATION TO THE BOARD FOR THE CEO'S COMPENSATION BASED ON THE BENCHMARK STUDY AND BLUE MERIDIAN'S COMPENSATION PHILOSOPHY. THE FULL BOARD REVIEWS AND APPROVES THE CEO'S COMPENSATION. |
| FORM 990, PART VI, SECTION C, LINE 19 |
COPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND 990S ARE PUBLISHED ON ITS WEBSITE BLUEMERIDIAN.ORG, WHICH IS AVAILABLE TO THE PUBLIC. PUBLISHED COPIES OF THESE DOCUMENTS ARE ALSO CONTAINED ON VARIOUS THIRD PARTY WEBSITES INCLUDING GUIDESTAR.ORG. IN ADDITION, COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990 ARE MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART XII, LINE 2C: |
THE AUDIT COMMITTEE IS COMPRISED OF SELECT BOARD MEMBERS FROM THE ORGANIZATION. |
Attach to Form 990 or 990-EZ.