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 III, LINE 3 | THE PARTNERSHIP ESTABLISHED VOTE YES ON 2, LLC, AS A TENNESSEE NON-PROFIT LIMITED LIABILITY COMPANY TO SUPPORT PASSAGE OF THE JUDICIAL SELECTION AMENDMENT TO THE TENNESSEE CONSTITUTION. THE EIN OF VOTE YES ON 2 IS 61-1733170, AND IT IS A DISREGARDED ENTITY FOR FEDERAL TAX PURPOSES. AFTER THE JUDICIAL SELECTION AMENDMENT WAS PASSED IN NOVEMBER OF 2014, VOTE YES ON 2, LLC HAD NO FURTHER PURPOSE, AND IT WAS DISSOLVED ON FEBRUARY 2, 2015. THE PARTNERSHIP ALSO FORMED TENNESSEANS FOR STUDENT SUCCESS, LLC (TSS) AS A TENNESSEE NON-PROFIT LIMITED LIABILITY COMPANY ON OCTOBER 27, 2014, WHICH WAS TREATED AS A DISREGARDED ENTITY FOR FEDERAL INCOME TAX PURPOSES. THE PARTNERSHIP TRANSFERRED ALL OF ITS MEMBERSHIP INTEREST IN TSS TO TNSE, INC., A TENNESSEE NONPROFIT CORPORATION THAT QUALIFIES AS A 501(C)(4) ORGANIZATION, ON NOVEMBER 25,2014. THE GRANT FROM THE PARTNERSHIP OF THE TSS MEMBERSHIP INTERESTS TO TNSE, INC. IS DISCLOSED ON SCHEDULE I. |
| FORM 990, PART VI, SECTION B, LINE 11 | A DRAFT 990 IS PREPARED BY THE PARTNERSHIP'S ACCOUNTING FIRM WORKING IN CONJUCTION WITH ITS BOOKKEEPER. THE DRAFT IS PROVIDED TO THE EXECUTIVE DIRECTOR FOR REVIEW AND REVISIONS. THE EXECUTIVE DIRECTOR THEN PRESENTS A DRAFT TO THE PARTNERSHIP'S TAX LAWYER FOR FINAL REVIEW BEFORE PRESENTING THE 990 TO THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC, EXCEPT FOR THOSE REQUIRED BY LAW. FORM 1024 AND 990 ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE EXECUTIVE DIRECTOR WORKING IN CONJUCTION WITH THE BOOKKEEPER, ACCOUNTANT AND LEGAL COUNSEL OVERSEES THESE MATTERS. ALL FINANCIAL REPORTS, AUDITS AND TAX FORMS ARE PRESENTED TO THE BOARD OF DIRECTORS AND AS PART OF AUDIT PROCEDURES, THE AUDITOR SPEAKS WITH THE BOARD OF DIRECTORS. |
| FORM 990, PART IV, LINE 12A | FOR THE YEAR ENDED DECEMBER 31, 2014, THE AUDIT REPORT CONSISTED OF A STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS AND RELATED NOTES ONLY. |
| FORM 990, PART V, LINE 2A | THE ORGANIZATION USES A PEO COMPANY AND THEREFORE DOES NOT FILE A W3 OR W2 FOR ITS EMPLOYEES USING THE ORGANIZATION'S EIN. |
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