Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 7a | It appears the Bylaws permit the Taxpayer's incorporator to appoint members to the Board of Directors to fill vacancies. The Taxpayer is in the process of approving new governing documents to change this process and create a self-perpetuating Board of Directors. |
| Form 990, Part VI, Section A, line 8a | It does not appear the Board of Directors met in 2019, and therefore no meeting minutes have been identified. Written consent actions for 2019 also have not been identified. |
| Form 990, Part VI, Section A, line 8b | It appears that committees did not keep meeting minutes. |
| Form 990, Part VI, Section B, line 11b | The draft tax return was reviewed by those individuals charged with handling financial matters. The final return was provided to the entire board prior to filing the tax return. |
| Form 990, Part VI, Section B, line 12 | While an annual statement was required, such statements were not provided, and instead, directors, officers, and members of committees with board-delegated powers were required by Taxpayer's Conflict of Interest Policy to contemporaneously disclose conflicts of interest as they arose. Taxpayer's practice appears to have been also to adopt/renew its Conflict of Interest Policy annually. |
| Form 990, Part VI, Section B, line 15 | Taxpayer's Bylaws required compensation for directors and officers to be approved by a majority of its Board of Directors. A new Executive Compensation Policy has been adopted to require an independent compensation committee, review of comparability data, and contemporaneous substantiation of the committee's deliberation and decisions in the future. Further, a board meeting was not held in 2019 to approve a budget or executive compensation. |
| Form 990, Part VI, Section C, line 19 | The Organization makes its governing documents and policies, exemption application, and tax returns available to the general public upon request. |
| Form 990, Part VII Contact Addresses for Officers, Directors, Etc | William Dallas - 300 11th St, Montara, CA 94037. Reid Rutherford - 10737 Magdalena Road, Los Altos Hills, CA 94024. Robert D McEwen - 10935 Rice Field Place, Suite 101, Fairfax Station, VA 22039. David Barton - PO Box 397, Aledo, TX 76008-0397. |
| Form 990, Part VII and IX | The Organization acts as a common paying agent to pay shared employees, file payroll tax returns and issue Form W-2s. The forms were issued under this organization's federal identification number. The amounts reported in Parts VII and IX are only for the unreimbursed compensation and benefits paid on behalf of this organization. |
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