Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT 2010 FORM 990 WAS SENT TO EACH BOARD MEMBER AND LEGAL COUNSEL TO REVIEW AND PROVIDE EDITS TO MANAGEMENT. | |
| FORM 990, PART VI, SECTION B, LINE 12C | IF A CONFLICT OF INTEREST WERE TO PRESENT ITSELF, THE BOARD MEMBER WOULD RECUES HIMSELF/HERSELF FROM THE VOTING ACTION. FURTHER, ARTICLE 4 SECTION 16 OF TSCL BYLAWS STATE, NO TRUSTEE MAY ENTER INTO A CONFLICTING INTEREST TRANSACTION SUCH AS A CONTRACT OR OTHER FINANCIAL RELATIONSHIP BETWEEN HIMSELF AND TSCL, BETWEEN ANY PARTY RELATED TO HIM AND TSCL, OR BETWEEN ANY ENTITY IN WHICH HE HAS AN INTEREST OR IN WHICH HE IS AN OFFICER OR TRUSTEE AND TSCL. NO LOAN SHALL BE MADE BY TSCL TO ANY OFFICER OR TRUSTEE AND ANY TRUSTEE WHO ASSENTS TO ANY SUCH LOAN SHALL BE LIABLE FOR THE LOAN UNTIL IT IS REPAID. EACH OFFICER, TRUSTEE, AGENT OR COMMITTEE MEMBER SHALL DISCHARGE HIS DUTIES IN GOOD FAITH; WITH ORDINARY AND PRUDENT CARE; AND IN THE BEST INTERESTS OF THE CORPORATION. | |
| FORM 990, PART VI, SECTION B, LINE 15A | A COMPARISON WAS MADE BETWEEN SIMILAR ORGANIZATIONS AND SIMILAR POSITIONS WITHIN THE FEDERAL GOVERNMENT. THE BOARD REVIEWED THOSE COMPARISONS, MADE ADJUSTMENTS WHERE THEY SAW APPROPRIATE, AND "FIXED" A PAY RATE FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S COMPENSATION WAS LAST REVIEWED IN SEPTEMBER OF 2010. | |
| FORM 990, PART VI, SECTION C, LINE 19 | TSCL DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC REVIEW. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS 56,138. TOTAL TO FORM 990, PART XI, LINE 5: 56,138. |
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