Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 3 | During the year ending June 30, 2013, SNAME Properties, Inc. discontinued operations. On October 20, 2008, they entered into an agreement to sell the building to a developer. On April 30, 2013, the Society completed the sale of this building for total proceeds of $6,200,000. The sale consisted of land, building, building improvements, security and office improvements. The Society recognized a gain on sale of $4,992,109 which is reflected on the statement of activities in income from discontinued operations on the 2013 return. |
| Form 990, Part VI, Section B, Line 11b | The Form 990 is provided electronically to the governing body of the organization, the SNAME Council, through its duly designated Executive and Finance committees. |
| Form 990, Part VI, Section B, Line 12c | Annually each member of the Executive Committee review and signs the conflict of interest questionnaire as provided in the existing conflict of interest policy. |
| Form 990, Part VI, Section B, Line 15 | There is no salary charged to this organization but the Executive Director of SNAME has compensation that is approved by the SNAME Council through its Headquarters Review Committee. |
| Form 990, Part VI, Section C, Line 19 | All documents are available upon request. |
| Software ID: | 13000241 |
| Software Version: | v1.00 |