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 | A COPY OF THE 990 IS PRESENTED TO THE MEMEMBERS AT A REGULARLY SCHEDULED MEETING. MEMBERS ARE INVITED TO REVEIW THE RETURN AND MAKE ANY COMMENTS BEFORE FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 AND SUPPORTING DOCUMENTATION IS AVAIALABLE FOR PUBLIC INSPECTION AT THE VFW HALL DURING OPERATING HOURS. |
| FORM 990, SECTION XI, LINE 8 | A PRIOR PERIOD ADJUSTMENT IS BEING MADE TO CORRECT THE FOLLOWING INFORMATION THAT WAS MISTAKENLY REPORTED OR OMITTED ON THE 2020 FORM 990. CASH BALANCES AT 12/31/20 SHOULD HAVE BEEN $80,796 INSTEAD OF THE AMOUNT REPORTED OF $13,517 RESULTING IN A POSITIVE ADJUSTMENT TO RETAINED EARNINGS OF $67,279 FIXED ASSETS AT 12/31/20 CONSISTED SOLELY OF THE VFW BUILDING AND SHOULD HAVE BEEN FULLY DEPRECIATED AS THE VFW BUILDING HAS BEEN IN SERVICE SINCE ITS INCEPTION IN THE MID 1900S. BOOK VALUE WAS REPORTED AT $140,000 BUT SHOULD HAVE BEEN $0. ACCORDINGLY, A NEGATIVE ADJUSTMENT OF $140,000 TO RETAINED EARNINGS TO RECORD THE ACCUMULATED DEPRECIATION WAS MADE. THE SUM OF THESE ADJUSTMENTS RESULTS IN THE NEGATIVE ADJUSTMENT TO RETAINED EARNINGS OF $72,721 SHOWN ON LINE 8. |
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