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 B, LINE 11B | FORM 990 IS PREPARED BY A PUBLIC ACCOUNTING FIRM, THEN REVIEWED BY MANAGEMENT AND THE AUDIT COMMITTEE. A COPY OF THE RETURN IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD BEFORE THE RETURN IS FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE COMMISSION REQUIRES THAT EVERY BOARD MEMBER DISCLOSE ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. A FORM IS REQUIRED TO BE COMPLETED EACH YEAR AND RETURNED TO STAFF FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION SUBCOMMITTEE OF THE EXECUTIVE COMMITTEE, COORDINATED BY THE CHAIRMAN, CONDUCTS THE PROCESS ANNUALLY. COMPENSATION SUBCOMMITTEE HAS REVIEWED COMPARATIVE DATA FOR TOP MANAGEMENT SALARIES AND PRODUCES A CONTRACT WHICH IS REVIEWED ANNUALLY, SENIOR MANAGEMENT RECOMMENDS STAFF SALARIES (WITH REFERENCE TO COMPARABLE DATA). THESE RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE COMPENSATION SUBCOMMITTEE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ST. LOUIS SPORTS COMMISSION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. |
| FORM 990, PART XI, LINE 8 | THE ORGANIZATION IS COMPRISED OF THE COMMISSION AND ITS AFFILIATES, THE FOUNDATION AND NSF. THE ORGANIZATION ADOPTED ASU 2014-09 USING A MODIFIED RETROSPECTIVE APPROACH, AND ACCORDINGLY THE NEW GUIDANCE WAS APPLIED RETROSPECTIVELY TO CONTRACTS THAT WERE NOT COMPLETED AS OF JANUARY 1, 2020, WHICH IS THE DATE OF INITIAL APPLICATION. AS A PRACTICAL EXPEDIENT, FOR ANY CONTRACTS THAT WERE MODIFIED PRIOR TO JANUARY 1, 2020, THE ORGANIZATION HAS DETERMINED AS OF JANUARY 1, 2020 THE TRANSACTION PRICE FOR ALL SATISFIED AND UNSATISFIED PERFORMANCE OBLIGATIONS IDENTIFIED IN THE CONTRACT AS OF THAT DATE, RATHER THAN AS OF THE DATE OF EACH MODIFICATION. UPON INITIAL APPLICATION OF THE STANDARD ON JANUARY 1, 2020, THE ORGANIZATION RECORDED A $12,256 INCREASE TO DEFERRED REVENUE AND A CORRESPONDING CUMULATIVE-EFFECT ADJUSTMENT TO REDUCE BEGINNING NET ASSETS WITHOUT DONOR RESTRICTIONS BY $12,256 RELATING TO PARTNERSHIPS PURCHASED IN 2019 FOR WHICH SOME OF THE PERFORMANCE OBLIGATIONS WERE MET IN 2020, WITH NO ADJUSTMENT TO THE PRIOR PERIOD PRESENTED. THE ST. LOUIS SPORTS COMMISSION, INC. HAS RECORDED A PRIOR PERIOD ADJUSTMENT OF $9,410. |
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