Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 PART I LINE 4 | SEE MATERIALS BELOW IN THIS SCHEDULE REGARDING NUMBER OF INDEPENDENT DIRECTORS |
| FORM 990 PART IV LINE 34 | TO LIVE OWNS THE SHARES OF A FOREIGN COMAPNY WHICH IS NEITHER TAXABLE IN UNITED STATES NOR TAX -EXEMPT IN THE US. ACCORDINGLY THE ORGANIZATION HAS ANSWERED QUESTION 34 IN THE NEGATIVE AND HAS NOT FILLED IN PART 11 OR PART IV OF SCHEDULE R |
| FORM 990 PART IV LINE 34 | IT HAS PROVIDED INFORMATION ON THE FOREIGN COMPANY , ITS FINANCIAL AND ITS RELATIONSHIP TO TO LIVE IN THE FORM 5471 AND ATTACHMENTS AND THE FORM 8992 SUBMITTED TO THE IRS AS EXPLAINED BELOW.IN CASE THE ORGANIZATION'S APPROACH TO LINE 34 IS INCORRECT, AND TO ENSURE TRANSPERANCY HERE IS THE INFORMATION THAT WOULD HAVE BEEN PROVIDED HAD PART IV OF SCHEDULE R BEEN FILLED OUT. |
| FORM 990 PART IV LINE 34 | DAMOUR INC ADDRESS: COLUMBUS CENTER, ROAD TOWN, TORTOLLA, VG 1110, BRITISH VIRGIN ISLANDS.BVI COMPANY 1618760.PRIMARY ACTIVITY:INVESTMENTS IN FINANCIAL INSTRUMENTS .LEGAL DOMICILLE: BRITISH VIRGIN ISLANDS DIRECT CONTROLLING ENTITY: TO LIVE TYPE OF ENTITY :BVI BUSINESS COMAPNY. SHARE OF TOTAL INCOME. 100% OF YEAR-END ASSESTS.100% OWNERSHIP 100% SEC 512(B)(13).TO LIVE CONTROLS DAMOUR WITHIN THE MEANING OF 512(B)(13)(D) |
| FORM 990 PART VI SECTION A LINE 1A | THE CHAIRPERSON HAS THE AUTHORITY TO DEFINE THE WILL OF THE BOARD IF CONSENSUS CANNOT BE REACHED AFTER A GOOD-FAITH EFFORT.HOOWEVER IN THE HISTORY OF THE ORGANIZATION THE BOARD HAS NEVER FAILED TO REACH A CONSENSUS. |
| FORM 990 PART V1 SECTION A LINE 1B | PLEASE NOTE TWO CIRCUMSTANCES (1) THE CHAIRPERSON OF TO LIVE HAS UNREIMBURSED EXPENSES OWING FROM TO LIVE BECAUSE THESE EXPENSES WERE INCURED UNDER AN ACCOUNTABLE PLAN, THE ORGANIZATION DID NOT REPORT THEM ON SCHEDULEL L. |
| FORM 990 PART V1 SECTION A LINE 1B | THE CHAIRPERSON ASO HAS A LOAN OUTSTANDING TO A FOREIGN CORPORATION THAT IS RELATED TO TO LIVE.THIS FOREIGN CORPORATION IS NEITHER TAXABLE IN THE UNITED STATES NOR TAX-EXEMPT IN THE UNITED STATES AND THEREFORE AS BEST WE UNDERSTAND, THIS LOAN DOES NOT SEEM TO NEGATE THE INDEPENDENCE O THE CHAIRPPERSON UNDER ITEM 4 IN THE INSTRUCTIONS FOR FORM 990PART V1, LINE 1B. HOWEVER IF OUR APPROACH TO EITHER OF THE ABOVE TWO CIRCUMSTANCES IS INCORRECT, THEN THE CHAIRPERSON IS NOT AN INDEPENDENT DIRECTOR. AND SINCE THE OTHER TWO DIRECTORS ARE FAMILY MEMBERS , THERE WOULD BE INDEPENDENT DIRECTORS. |
| FORM 990 PART V1 SECTION A LINE 2 | KATHLEEN GUY AND ERNEST LOEVINSOHN HAVE A FAMILY AND BUSINESS RELATIONSHIPS. ERNEST LOEVINSOHN AND BENJAMIN LEOVINSOHN HAVE A FAMILY RELATIONSHIP |
| FORM 990 PART V1, SECTION A LINE 9 | BENJAMIN LOEVINSOHN, 39A CHEMIN DES VIGNES, 1299 CRANS PRES CELIGNY, SWITZERLAND |
| FORM 990 PART VI SECTION B LINE 12 C | TO LIVE BY LAWS REQUIRE THE DISCLOSURE OF ANY ACTUAL OR POSSBLE CONFLICT OF INTEREST.THE ORGANIZATION HAS INTERPRETED THIS TO MEAN THE ACTUAL OR POTENTIAL CONFLICTS MUST BE DISCLOSED AS SOON AS THEY ARISE. THE CONFLICT O INTEREST POLICY COVERS ALL DIRECTORS AND OFFICERS AS WELL AS ANY OTHER PERSON WHO IS A DISQUALIFIED PERSON AS DEFINED BY RELEVANT INTERNAL REVENUE CODE PROVISIONS AND IRS REGULATIONS.THE BOARD REVIEWS ANY POSSIBLE CONFLICTS EXCEPT THAT AN INTERESED PERSON MAY NOT BE PRERSENT FOR THE DISCUSSION OR DECISION. |
| FORM 990 PART VI SECTION B LINE 15 | THE ORGANIZATIONS'S TOP MANAGEMENT OFFICAIL (CEO) WORKED AS A VOLUNTEER AND DID NOT RECEIVE COMPENSATION . THE SAME IS TRUE OF THE OTHER OFFIERS. |
| FORM 990 PART V111 LINE 3 | 26 USC SEC 951 REQUIRES THE ORGANIZATION TO REPORT ON ITS RETURN THE SUBPART F INCOME FROM A CONTROLLED FOREIGN ORPORATION. ACCORDINGLY WE HAVE SHOWN ON THIS LINE THE SUBPART F INCOME RATHER THAN THE DIVIDEND INCOME.IN CASE THE IRS WISHES TO KNOW THE ACTUAL DIVIDEND INCOME THAT TO LIVE RECEIVED , THAT AMOUNT IS $111400 |
| FORM 990 PART IX LINE 13 | THIS LINE INCLUDES PHONE AND INTERNET COMMUNICATION. TOTAL COMMUNICATIONS EXPENSE INCLUDED IN THIS LINE IS $8 |
| FORM 990 PART X LINE 17 | THESE FIGURES INCLUDE UNREIMBURSED EXPENSES OWING TO THE PERSON WHO IS CHAIRPERSON AND PRESIDENT OF THE ORGANIZATION. THE EXPENSES WERE INCURRED UNDER AN ACCOUNTABLE PLAN AND THEREFORE AS WE UNDERSTANDT THEY ARE PROPERLY REPORTED HERE RATHER THAN ON LINE 22 AND IN SCHEDULE L PART 11. FOR TRANSPARENCY HERE IS THE INFORMATION THAT WOULD HAVE BEEN SUPPLIED HAD SCHEDULE L PART II BEEN SUBMITTED. NAME OF THE INTERESTED PERSON ERNEST LOEVINSOHN. RELATION SHIP WITH ORGANIZATION DIRECTOR AND OFFICER.PURPOSE OF ADVANCE EXPENSE INCURRED BY OFFICER ON ORGANIZATION BUSINESS. ADVANCE TO ORGANIZATION BALANCE AT BEGINNIN OF YEAR: $50,765. BALANCE DUE AT END OF YEAR : $1971. IN DEFAULT: NO APPROVED BY BOARD: YES WRITTEN AGREEMENT :YES |
| FORM 990 PART VI SECTION B LINE 12C | TO LIVE'S BYLAWS REQUIRE THE DISCLOSURE OF ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST. THE ORGANIZATION HAS INTERPRETED THIS TO MEAN THAT ACTUAL OR POTENTIAL CONFLICTS MUST BE DISCLOSED AS SOON AS THEY ARISE. THE CONFLICT OF INTEREST POLICY COVERS ALL DIRECTORS AND OFFICERS AS WELL AS ANY OTHER PERSON WHO IS A DISQUALIFIED PERSON AS DEFINED BY THE RELEVANT INTERNAL REVENUE CODE PROVISIONS AND IRS REGULATIONS. THE BOARD REVIEWS ANY POSSIBLE CONFLICTS , EXCEPT THAT AN INTERESTED PERSON MAY NOT BE PRESENT FOR DISCUSSION OR DECISION. |
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