Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 | INEQUALITY MEDIA CIVIC ACTION AND INEQUALITY MEDIA HAVE A COST-SHARING AGREEMENT IN PLACE FOR EDUCATIONAL VIDEO PRODUCTION SERVICES AND WERE PREVIOUSLY RELATED ORGANIZATIONS, AND REPORTED AS SUCH ON THE ANNUAL 990 REPORTS. AS OF THE CALENDAR YEAR 2020, THE IMCA BOARD HAS BEEN DIVERSIFIED, AS WAS INTENDED OVER TIME, AND THEY ARE NO LONGER RELATED. ---------------------------------------------------------------- INEQUALITY MEDIA HAD ITS FINANCIAL STATEMENTS AUDITED FOR THE YEAR ENDED DECEMBER 31, 2020. AN ADJUSTMENT WAS MADE TO EXCLUDE INEQUALITY MEDIA CIVIC ACTION EXPENSES OF 592,164 AND RELATED SERVICE CONTRACT REVENUE/REIMBURSEMENT BILLED TO IMCA OF 592,164 SINCE THOSE EXPENSES ARE REPORTED INDEPENDENTLY IN IMCA'S FINANCIALS AND TAX RETURNS. THERE WAS NO NET EFFECT ON IM'S NET ASSETS. THIS IS REFLECTED ON THE 990S OF BOTH ORGANIZATIONS, WHICH REPRESENTS A DIFFERENT PROCESS AS OPPOSED TO PREVIOUS YEARS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 WILL BE REVIEWED BY THE PRESIDENT, TREASURER AND THE ORGANIZATION'S OUTSIDE LEGAL COUNSEL. THE FORM 990 WILL BE SHARED WITH ALL MEMBERS OF THE BOARD BEFORE IT IS SUBMITTED. |
| FORM 990, PAGE 6, PART VI, LINE 12C | AT THE FIRST ANNUAL BOARD MEETING EACH YEAR, THE OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS ARE PROVIDED WITH CONFLICT OF INTEREST DISCLOSURE FORMS TO COMPLETE. THE IMCA EXECUTIVE DIRECTOR / PRESIDENT REVIEWS THE ORGANIZATION'S CONFLICTS OF INTEREST DISCLOSURE FORMS ON AN ANNUAL BASIS TO ENSURE THAT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE PROPERLY HANDLED IN ACCORDANCE WITH THE ORGANIZATION'S CONFLICTS OF INTEREST POLICY. IF FURTHER INFORMATION IS REQUIRED, THE EXECUTIVE DIRECTOR SPEAKS WITH THE INDIVIDUAL DIRECTOR, OFFICER, OR EMPLOYEE INVOLVED, AS APPROPRIATE. IMCA WILL ALSO DOCUMENT, THROUGH WELL-KEPT MINUTES, ANY DECISIONS RELATED TO TRANSACTIONS INVOLVING AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. FINALLY, IMCA WILL BE DILIGENT IN TAKING APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION IF A PERSON WHO IS COVERED BY THE CONFLICT OF INTEREST POLICY FAILS TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE CEO OF IMCA RECEIVES COMPENSATION FROM BOTH INEQUALITY MEDIA ("IM") AND INEQUALITY MEDIA CIVIC ACTION ("IMCA") THROUGH THE PAYROLL SETUP BY IM. THE CEO AS SUCH IS AN EMPLOYEE OF IM WHICH HAS AN ESTABLISHED COST-SHARING SERVICES AGREEMENT IN PLACE WITH IMCA, WHICH INCLUDES COVERING PORTIONS OF THE CEO'S SALARY. THE AMOUNT REPORTED AS BEING PAID BY IMCA IS BASED ON THIS COST-SHARING AGREEMENT, TAKING INTO ACCOUNT THE TIME THAT THE CEO SPENDS ON TASKS FOR EACH OF THE AGENCIES. IM'S COMPENSATION PROCESS INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. IF SHE WERE TO BE PAID DIRECTLY BY IMCA, THE PROCESS TO DETERMINE THE COMPENSATION WOULD BE THE SAME AS IT HAS BEEN WITH IM. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE OFFICERS OF IMCA DO NOT RECEIVE COMPENSATION IN THEIR CAPACITY AS OFFICERS OF IMCA. IM SERVES AS AN INDEPENDENT CONTRACTOR TO IMCA. THUS, IMCA PAYS IM AS AN INDEPENDENT CONTRACTOR TO PROVIDE IT WITH SPECIFIED SERVICES WHICH INCLUDES COVERING PORTIONS OF THE SALARY AND WAGES OF THE CEO AND THE CFO AS EMPLOYEES OF IM. THE CEO OF IMCA IN PARTICULAR, WHO SERVES AS PRESIDENT AND IS AN OFFICER OF IMCA, RECEIVES COMPENSATION FROM BOTH INEQUALITY MEDIA ("IM") AND INEQUALITY MEDIA CIVIC ACTION ("IMCA") THROUGH THE PAYROLL SETUP BY IM. THE CEO AS SUCH IS AN EMPLOYEE OF IM WHICH HAS AN ESTABLISHED COST-SHARING SERVICES AGREEMENT IN PLACE WITH IMCA, WHICH INCLUDES COVERING PORTIONS OF THE CEO'S SALARY. IF ANY OF THE OFFICERS WERE TO BE PAID DIRECTLY BY IMCA, THE PROCESS TO DETERMINE THE COMPENSATION WOULD BE THE SAME AS IT HAS BEEN WITH INEQUALITY MEDIA. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART IX, LINE 11G | SUPPORT SERVICES -VIDEO COSTS 0 120,017 0 CONSULTANTS + CONTRACTORS 210,144 0 0 DISTRIBUTION 21,436 0 431 TALENT 9,450 0 0 TOTAL 241,030 120,017 431 |
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