Attach to Form 990 or 990-EZ.| Identifier | Return Reference | Explanation |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS SIGNED AND REVIEWED BY THE FINANCE COMMITTEE CHAIRMAN. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE MEMBERS VOTE ON THE OVERALL BUDGET, WHICH INCLUDES THE COMPENSATION FOR THE GRAND SECRETARY AND THE GRAND TREASURER. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE ORGANIZATION'S MEMBERSHIP. | |
| FORM 990, PART VI, SECTION A, LINES 1(A) AND 1(B): | THE BOARD OF TRUSTEES, FINANCE COMMITTEE AND OFFICERS REPRESENT THE MEMBERSHIP OF THE ORGANIZATION BUT THE ENTIRE MEMBERSHIP OF 9,908 PERSONS VOTES ON ORGANIZATIONAL BUSINESS. | |
| FORM 990, PART VI, SECTION B, LINES 12(A), 13 AND 14: | THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF IMPLEMENTING A CONFLICT OF INTEREST POLICY, A WHISTLEBLOWER POLICY AND A DOCUMENT RETENTION POLICY. THESE PROCEDURES WILL BE IN PLACE FOR THE FISCAL YEAR ENDING 6/30/2012. | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -13,961. |
| FORM 990, PART XII, LINE 2C | THE FINANCE COMMITTEE HAS OVERSIGHT OF THE AUDIT PERFORMED BY AN INDEPENDENT ACCOUNTANT. | |
| PRIOR PERIOD ADJUSTMENT: | THE PRIOR YEAR NET ASSETS HAVE BEEN RESTATED TO REFLECT CERTAIN CORRECTIONS TO PREVIOUSLY RECORDED AMOUNTS AS FOLLOWS: 1. CONTRIBUTIONS PAYABLE HAVE BEEN RESTATED TO REFLECT CERTAIN AMOUNTS THAT WERE PREVIOUSLY RECORDED AS CONTRIBUTION COMMITMENTS TO OTHER ORGANIZATIONS WHEN IN FACT THE AMOUNTS WERE TO BE RETAINED BY THE GRAND CHAPTER. THE NET EFFECT OF THESE ADJUSTMENTS WAS A DECREASE TO CONTRIBUTIONS PAYABLE BY $3,340 AND INCREASES OF $92 TO THE GENERAL OPERATING FUND, $2,140 TO THE ESTARL FUND, AND $1,108 TO THE DODGE-POWELL SCHOLARSHIP FUND FOR 2010. THE ESTARL AND DODGE-POWELL SCHOLARSHIP FUNDS ARE PRESENTED IN THE FINANCIAL STATEMENTS AS RESTRICTED FUNDS. 2. EXPENSES IN THE AMOUNT OF $3,068 HAVE BEEN RESTATED BECAUSE THEY RELATE TO OPERATIONS OF THE PRIOR YEAR. THE NET EFFECT OF THESE ADJUSTMENTS WERE TO INCREASE GENERAL AND ADMINISTRATIVE EXPENSES AND DECREASE UNRESTRICTED NET ASSETS FOR 2010. 3. THE GRAND CHAPTER HELD DONATED GRAND MATRON JEWELS IN A SAFE DEPOSIT BOX WHICH WAS NEVER RECORDED IN THE FINANCIAL STATEMENTS. THE GRAND CHAPTER HAD THE JEWELS APPRAISED WITH A FAIR MARKET VALUE OF $47,250. THE NET EFFECT OF THIS ADJUSTMENT WAS TO INCREASE INVENTORY AND UNRESTRICTED NET ASSETS PRIOR TO 2010. |
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