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 VI, SECTION A, LINE 2 | THERE IS A FAMILY RELATIONSHIP BETWEEN SOME OF THE MEMBERS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS MEMBERS. MEMBERS ARE BUSINESS LEADERS AND OTHER INDIVIDUALS FROM THE COMMUNITY. |
| FORM 990, PART VI, SECTION B, LINE 11 | A COPY OF THE 990 IS PROVIDED TO THE BOARD MEMBERS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE BOARD OVERSEES THE POLICIES AND REVIEWS TRANSACTIONS OF THE FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE BOARD IS MADE AWARE OF SALARY COMPARABILITY DATA FROM OTHER FOUNDATIONS. SALARIES OF ALL EMPLOYEES ARE DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. THE BOARD APPROVES THE BUDGET FOR THE FOUNDATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | PRIOR PERIOD ADJUSTMENT -62,248. |
| FORM 990, PART XI, LINE 2C | THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED THE PROCESS FROM THE PRIOR YEAR. |
| FORM 990, PART XI, LINE 9 | IN 2012, THE ORGANIZATION ELECTED TO MODIFY THE ACCOUNTING TREATMENT OF CERTAIN DISTRIBUTIONS RECEIVED FROM THE RED RIVER BIDCO, INC. INVESTMENT. NON-DIVIDEND DISTRIBUTIONS RECEIVED IN 2012 WERE FORMERLY TREATED AS INVESTMENT INCOME ON THE INCOME STATEMENT, AND ARE NOW PRESENTED AS A REDUCTION IN THE INVESTMENT ON THE BALANCE SHEET. IN 2012, THIS RESULTED IN A DECREASE OF $62,248 IN INVESTMENT INCOME AND THE ORGANIZATION'S INVESTMENT IN RED RIVER BIDCO, INC., COMPARED TO THAT AS PREVIOUSLY REPORTED. NET ASSETS AS OF DECEMBER 31, 2012 AMOUNT TO $588,353 AS COMPARED TO $650,601, AS PREVIOUSLY REPORTED. |
| Software ID: | |
| Software Version: |