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 I, LINE 1 | The corporation was established as a Sec. 501(c)(25) organization for the exclusive purpose to acquire, hold title to, and manage real property for the benefit of Hope Shines Bright Receiving Company, Inc., a Sec. 501(c)(3) "supporting organization" established to receive donations of real property for St. Judes Ranch for Children, Inc., a Nevada non-profit corporation and Sec. 501(c)(3) exempt organization. |
| FORM 990, PART VI, SECTION A, LINE 3 | CHRISTINE SPADAFOR, CEO, IS PAID ON A CONTRACTUAL BASIS BY THE ORGANIZATION'S RELATED AFFILIATE (NATIONAL) TO HER MANAGEMENT CORPORATION, SPADAFORCLAY GROUP, INC. |
| FORM 990, PART VI, SECTION B, LINE 11B | The Form 990 is provided to all board members for review before the Chief Administrative Officer signs and files the return. |
| FORM 990, PART VI, SECTION B, LINE 12C | Any potential conflicts are required to be reported before any contracts or commitments for payment are approved. In addition, each Board member reviews and signs the Conflict of Interest Policy. |
| FORM 990, PART VI, SECTION B, LINE 15A | The National Board of Trustees has a Compensation Committee that reviews data available and performs market research to determine a reasonable wage for all high level employees. None of the members on the Committee are employees. |
| FORM 990, PART VI, SECTION B, LINE 15B | The Compensation Committee, all of which are independent board members, obtain comparability market data and consult with outside experts in determining the compensation of officers. The Committee makes a recommendation to the full board of trustees, which are reviewed and approved. |
| FORM 990, PART VI, SECTION C, LINE 19 | The organization's governing documents, conflict of interest policy, and financial statements are available upon request. |
| FORM 990, PART XII, LINE 2B | The financial statement audit is currently in progress and final financial statements had not been issued yet at the time of filing the Form 990. |
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