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 6 | The organization has members who (1) elect from thier own ranks members of the governing body; and, (2) approve significant decisions proposed by the governing body. Organizational members do not receieve any share or profits of excess dues, and likewise would not recieve any share of net assests upon the organization's dissolution. |
| Form 990, Part VI, Section A, Line 7a | In May of each year the organizational members elect all officers for a term of 1 year, and elect one half of the directors for a term of 2 years. |
| Form 990, Part VI, Section A, Line 7b | The following governance decisions are subject to approval by organizational members: (1) the annual budget, (2) the annual election of officers and direcors, and (3) any bylaws changes. |
| Form 990, Part VI, Section B, Line 11b | Before filing a Form 990, all members of the governing board receive by email (7 days before a scheduled Board meeting), a copy of the proposed Form 990 and schedules, with the Form 990 submission an agenda item for that meeting. |
| Form 990, Part VI, Section B, Line 12c | At the first Board meeting following the annual election of officedrs and directors, the Conflict of Interest is provided to each Board member, with distribution documented in the Board's minutes. |
| Form 990, Part VI, Section C, Line 19 | The organization announces on its website home page that the constitution, bylaws,conflict of interest policy, and the latest filing of Form 990 are publicly available. The governance documents are accessible by links published on the website. The latest filing of Form 990 is available upon a written request which provides the name and addess of the requester so that a copy can be mailed to the requester. |
| Form 990, Part XI, Line 8 | Reason for "Prior period adjustments" of -$477: The end-of-year fund balance shown on the prior year Form 990 ($550,386) was inadvertantly $477 too high. This was caused by the failure to post several utility payments ($598 in expenses) and failure to disclose $121 held as petty cash. The fund balance on the 2021 990 filing should have been: $550,386 less $598 and plus $121 for a corrected value of $549,909; a change of -$477. |
| Form 990, Part XI, Line 9 | Details on $520,892 shown as "other changes" in net assets. As shown on 990 Part X Line 10a,b,c and on Schedule D, Part VI, the valuation of Land and Buildings assets increased fom $370,608 to $891,500 (an increase of $520,892). The book value of Land and Buildings is based upon the town tax assessor's public valuation of the property. During the reporting period the town did a statistical adjustment to the valuation of every tax parcel in town, resulting in significant increases to all propety valuations. |
| Software ID: | 22015720 |
| Software Version: | v1.00 |