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 | THE FUND ENTERED INTO A SUPPORT SERVICES AGREEMENT WITH SMG TO PROVIDE PERSONNEL AND RESOURCES NECESSARY TO PERFORM THE ADMINISTRATIVE, ACCOUNT AND FINANCE, ASSET MANAGEMENT, PUBLIC RELATIONS, AND OTHER SUPPORT SERVICES. THESE SERVICES ARE PERFORMED BY SMG ON BEHALF OF THE FUND, WHICH RETAINS FINAL AUTHORITY OVER THE FACILITIES AND APPROVAL FOR SERVICES. |
| FORM 990, PART VI, SECTION A, LINE 7A | PER THE ORGANIZATION'S BY-LAWS, THE BOARD SHALL BE COMPRISED OF THREE DIRECTORS. ONE OF THE DIRECTORS SHALL BE THE EXECUTIVE COUNSEL TO THE GOVERNOR OF THE STATE OF LOUISIANA OR SUCH OTHER PERSON AS THE GOVERNOR MAY APPOINT. THIS INDIVIDUAL SHALL SERVE UNTIL HIS OR HER SUCCESSOR IS APPOINTED BY THE GOVERNOR. THE THIRD DIRECTOR IS APPOINTED BY THE GOVENOR'S APPOINTEE AND THE BOARD CHAIRMAN. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FORM 990 IS REVIEWED BY THE SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION. THE FORM 990 IS THEN PRESENTED AND REVIEWED BY THE BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE STATE OF LOUISIANA LEGISLATIVE AUDITORS ANNUALLY REVIEWS THE "CONFLICTS OF INTERESTS" FORMS REQUIRED TO BE FILED BY DIRECTORS AND OFFICERS. |
| FORM 990, PART VI, SECTION B, LINE 15 | PRESENTLY THIS ORGANIZATION DOES NOT HAVE ANY EMPLOYEES NOR DOES IT PAY COMPENSATION TO ANY INDIVIDUAL. CURRENTLY, UNDER THE SUPPORT SERVICES AGREEMENT WITH SMG, ALL EMPLOYEES ENGAGED IN MANAGING AND OPERATING THE MARKETING FUND ARE EMPLOYEES OF SMG. SMG IS REIMBURSED FOR SALARY AND RELATED EXPENSES INCURRED THAT ARE DIRECTLY ATTRIBUTABLE TO THE SERVICES PROVIDED BY SMG. IF THE ORGANIZATION WERE TO COMPENSATE INDIVIDUALS, THE BOARD OF THE ORGANIZATION WOULD HAVE A REVIEW CONSISTING OF COMPARISONS OF OTHER NON PROFITS IN THE FIELD AND IN THE GEOGRAPHICAL AREA. THE BOARD WOULD ALSO HAVE A REVIEW OF ANNUAL COMPENSATION SURVEYS AND OVERALL MARKET TRENDS IN THE INDUSTRY. THIS INFORMATION WOULD BE CONTEMPORANEOUSLY DOCUMENTED IN THE WRITTEN MINUTES OF THE MEETINGS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THIS FORM AS WELL AS VARIOUS POLICIES ARE ALSO MADE AVAILABLE TO THE THE GENERAL PUBLIC UPON REQUEST. IN ADDITION, THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE LOUISIANA LEGISLATIVE AUDITOR'S WEBSITE. |
| PART VI, LINE 13 | A WHISTLEBLOWER POLICY IS NOT APPLICABLE TO THE ORGANIZAITON, AS IT DOES NOT HAVE EMPLOYEES. UNDER ITS SUPPORT SERVICES AGREEMENT WITH ITS MANAGEMENT COMPANY, ANY LABOR CHARGES INCURRED BY THE MANAGEMENT COMPANY DURING EVENTS HELD ARE REIMBURSED AS PART OF THE OPERATING COST OF THE EVENT. THE MANAGEMENT COMPANY MAINTAINS AN EMPLOYEE HOTLINE, AS DETAILED IN THEIR EMPLOYMENT HANDBOOK, TO REPORT ANY ISSUES MANAGEMENT NEEDS TO ADDRESS. |
| FORM 990, PART XI, LINE 2C | THE PROCESS FOR THE SELECTION OF AN INDEPENDENT AUDIT IS ADMINISTERED THROUGH THE OFFICE OF THE LOUISIANA LEGISLATIVE AUDITOR. BIDS ARE SOLICITED AND CONTRACTS AWARDED IN ADHERENCE THEIR SOLICITATION GUIDELINES. |
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