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 6 | One Hope United is the sole corporate member. |
| Form 990, Part VI, Section B, line 11 | A completed 990 draft is presented by the paid tax preparer to management for review. Management reviews the 990 draft both for accuracy and any questions they might have. Management schedules a meeting with the Federation Audit Committee for review of the draft 990. Draft reports are sent out to Committee Members approximately one week prior to the meeting. Audit Committee Members meet with the tax preparer and management to review the draft. Audit Committee Members then either request changes or recommend that the 990 be accepted. Their recommendation is then forwarded to the Board Members. Board Members are presented with copies of the 990 draft and the opportunity to raise questions and/or request changes. Form 990 is filed with the IRS after all Board Members have been given the drafts and the opportunity to ask questions/request changes. |
| Form 990, Part VI, Section B, line 12c | The organization requests that written conflict of interest statements are signed by each Board Member on a yearly basis. It is the Board Member's responsibility to disclose any new conflict of interest that may arise since the signing of the annual statement. When conflicts of interest may exist, the member is excused from voting. |
| Form 990, Part VI, Section C, line 19 | One Hope United Title Holding Corporation's governing documents, conflicts of interest policy and audited financial reports are not normally available for public inspection. |
| Form 990, Part XI, line 9: | Net Asset Transfer from One Hope United - Northern Region 1,169,805. |
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