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 3 | NCLE SHARES ADMINISTRATIVE EXPENSES WITH THE AMERICAN BOARD OF OPTICIANRY (ABO), A UNRELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). FOR THE 2012 TAX YEAR, ABO HIRED AN UNRELATED MANAGEMENT COMPANY, MORRIS & MORRIS, PSC TO PROVIDE EXECUTIVE DIRECTOR SERVICES ALONG WITH OTHER STAFFING SERVICES, OVERHEAD, ETC. |
| FORM 990, PART VI, SECTION A, LINE 4 | NCLE CEASED OPERATIONS AFTER MERGING WITH THE AMERICAN BOARD OF OPTICIANRY (ABO) ON JUNE 30, 2013. MERGER DOCUMENTS AND BY-LAWS WERE FILED WITH THE APPROPRIATE STATE OFFICIALS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FEDERAL FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT. THE EXECUTIVE AND FINANCE COMMITTEES INDEPENDENTLY REVIEW THE DRAFT FORM 990. A COPY OF THE DRAFT FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS AND EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST AGREEMENT AND THE BYLAWS OUTLINE THE BOARD MEMBERS RESPONSIBILITIES IN MATTERS WHERE A CONFLICT MIGHT EXIST. IN ADDITION, THE BOARD OF DIRECTORS, DURING EXECUTIVE SESSION, DISCUSS POSSIBLE CONFLICTS AND DETERMINE THE APPROPRIATE COURSE OF ACTION. FINALLY, A REPORTING STRUCTURE HAS BEEN ESTABLISHED SO AS TO INFORM NCLE OF ANY POTENTIAL CONFLICTS OF INTEREST BY EMPLOYEES AND/OR BOARD MEMBERS, WHICH THEN RESULTS IN AN INVESTIGATION INTO ANY SUCH ALLEGATIONS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND THE FILED FEDERAL FORM 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | TRANSFER OF NET ASSETS UNDER LEGAL MERGER -469,692. |
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