Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | UPON COMPLETION OF THE ORGANIZATION'S FORM 990, THE RETURN IS REVIEWED BY THE CFO FOR ACCURACY AND COMPLETENESS. THE RETURN IS MADE AVAILABLE TO ANY BOARD MEMBER THAT WISHES TO REVIEW AND THEY ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC IN THE RETURN. ONCE THE CFO HAS REVIEWED AND APPROVED THE FORM 990 THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY SENIOR STAFF AND THE CEO AND IS MODIFIED AS WARRANTED BY VOTE OF THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE MANAGEMENT TEAM OF THE ORGANIZATION MEETS TOGETHER TO CREATE AND RECOMMEND A BUDGET FOR THE UPCOMING YEAR. INCLUDED IN THIS PROPOSED BUDGET ARE COMPENSATION RECOMMENDATIONS FOR THE ENTIRE STAFF. THESE RECOMMENDATIONS HAVE BEEN REVIEWED AND APPROVED BY THE PRESIDENT, AFTER INDIVIDUAL DISCUSSIONS WITH THE SR. VICE PRESIDENTS AND ANNUAL EMPLOYEE EVALUATIONS. THE DETAILED LIST OF EMPLOYEE SALARIES IS PRESENTED TO THE CHAIRMAN AND THE TREASURER FOR THEIR REVIEW, INPUT AND APPROVAL. THE ENTIRE BUDGET IS PRESENTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE AND THE BOARD. DURING THIS PRESENTATION, SALARIES ARE SHOWN AS A LINE ITEM IN TOTAL AND NOT SHOWN BY INDIVIDUAL. THE INCOMING AND OUTGOING CHAIRMAN REVIEW ANNUALLY AND SET THE COMPENSATION FOR THE PRESIDENT. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED GAINS ON INVESTMENTS: 31,099. |
| FORM 990, PART XI, LINE 1: | THE ORGANIZATION'S FINANCIAL STATEMENTS WERE PREPARED ON THE MODIFIED CASH BASIS OF ACCOUNTING, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. UNDER THAT BASIS, CERTAIN REVENUES AND THE RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED, AND CERTAIN EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. THE FINANCIAL STATEMENTS DEVIATE FROM THE CASH BASIS OF ACCOUNTING IN THAT INVESTMENTS ARE RECORDED, PROPERTY AND EQUIPMENT ARE RECORDED AND DEPRECIATED OVER THEIR ESTIMATED USEFUL LIVES AND DEFERRED REVENUE IS RECORDED FOR SPONSORSHIPS RECEIVED IN ADVANCE OF THE YEAR IN WHICH THEY ARE DUE. | |
| FORM 990, PART XI, LINE 2C: | THE ORGANIZATION ENGAGES AN INDEPENDENT CPA FIRM TO AUDIT ITS FINANCIAL STATEMENTS ON A YEARLY BASIS. |
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