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 B, LINE 11 | ONCE THE FORM 990 IS PREPARED, IT IS GIVEN TO THE ORGANIZATIONS ADMINISTRATOR FOR REVIEW BEFORE BEING SENT TO THE IRS FOR PROCESSING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 8: | THE PRIOR PERIOD ADJUSTMENT ON LINE 8 REFLECTS ACCUMULATED DEPRECIATION THAT SHOULD HAVE BEEN RECORDED IN PRIOR PERIODS. SINCE THE ORGANIZATION'S INCEPTION, DEPRECIATION OF CAPITALIZED ASSET COSTS HAD NOT BEEN RECORDED. THIS ERROR RESULTED IN THE OVERSTATEMENT OF NET ASSETS AS ALL ASSET COSTS HAD BEEN CAPITALIZED AND REMAINED ON THE BALANCE SHEET. THE ADJUSTMENT REFLECTS THE APPROPRIATE ACCUMULATED DEPRECIATION THAT WOULD HAVE BEEN RECORDED HAD THE CAPITALIZED ASSETS BEEN DEPRECIATED FROM THE DATES THEY WERE PLACED IN SERVICE. STARTING IN THE CURRENT YEAR AND MOVING FORWARD, ALL CAPITAL ASSETS WILL BE DEPRECIATED USING THE IRS APPROVED METHODS. |
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