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 19, REVENUE LESS EXPENSES: | NET INCOME PER THE AUDITED FINANCIAL STATEMENTS IS $892,765. THE NET INCOME REPORTED ON THE 990 EXCLUDES UNREALIZED LOSSES FROM INVESTMENTS OF -$37,202. PLEASE REFER TO THE RECONCILIATION TO THE AUDITED FINANCIAL STATEMENTS ON SCHEDULE D, PART XI. |
| FORM 990, PART VI, SECTION A, LINE 7A | BEFORE APRIL 2011, THE ORGANIZATION WAS COMPRISED OF CREDENTIALED ORTHOTIC AND PROSTHETIC PRACTIONERS WHO VOTE FOR AND ELECT REPRESENTATIVES FROM THE CREDENTIALED PRACTIONER POOL PRESENTED TO THEM BY THE BOARD OF DIRECTORS NOMINATING COMMITTEE. IN APRIL 2011 THE ORGANIZATION CHANGED ITS BYLAWS TO STATE THAT THE BOARD OF DIRECTORS SHALL VOTE TO SELECT THE NEXT SUCCEEDING BOARD OF DIRECTORS. NEW DIRECTORS SHALL BE ELECTED BY A MAJORITY OF DIRECTORS PRESENT AT A MEETING DURING THE 4TH QURTER OF THE YEAR PROVIDED THERE IS A QUORUM PRESENT. |
| FORM 990, PART VI, SECTION B, LINE 11 | MANAGEMENT REVIEWS AND APPROVES THE FORM 990 AND A COPY OF THE FINAL FORM 990 IS GIVEN TO THE FULL BOARD BEFORE IT IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION OBTAINS CONFLICT OF INTEREST DISCLOSURE STATEMENTS FROM OFFICERS, DIRECTORS, AND KEY EMPLOYEES ON AN ANNUAL BASIS AND REVIEWS STATEMENTS FOR COMPLIANCE AND CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION FOR THE CEO IS DETERMINED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, ACTING AS THE COMPENSATION COMMITTEE, BASED ON INPUT FROM AN INDEPENDENT CONSULTANT CONDUCTING AN ANALYSIS INCLUDING BUT NOT LIMITED TO REVIEWING COMPARABILITY OF OTHER SIMILAR NONPROFIT ORGANIZATIONS CEO COMPENSATION FROM FORM 990S POSTED ON THE WEBSITE GUIDESTAR.ORG AS WELL AS SALARY SURVEY INFORMATION FROM NONPROFIT EXECUTIVES. THE COMPENSATION FOR KEY EMPLOYEES IS ALSO BASED ON FACTORS INCLUDING COMPARABILITY DATA AND AN INDEPENDENT CONSULTANT ANALYSIS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | PROFESSIONAL FEES 47,808. FACILITY SURVEYOR FEES 428,543. STRATEGY DEVELOPMENT 46,619. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS FOR REVIEWING THE AUDITED FINANCIAL STATEMENTS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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