| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE COMPANY'S 990 IS PREPARED BY ITS OUTSIDE AUDITOR AND SUBMITTED TO THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR THEN REVIEWS IT WITH THE BOARD OF DIRECTORS PRIOR TO FILING. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE COMPANY'S DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. |
| FORM 990, PART XII, LINE 1: | THE FINANCIAL STATEMENTS ARE PREPARED USING THE INCOME TAX BASIS USED FOR THEIR IRS FORM 990 PURPOSES, WHICH IS A COMPREHENSIVE BASIS OF ACCOUNTING OTHER THAN ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA (U.S. GAAP). UNDER THIS METHOD, CERTAIN REVENUES ARE RECOGNIZED WHEN RECEIVED, RATHER THAN WHEN EARNED, AND CERTAIN EXPENSES AND PURCHASES OF ASSETS ARE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN CASH IS DISBURSED, RATHER THAN WHEN THE OBLIGATION IS INCURRED |
| FORM 990, PART XII, LINE 2C: | THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| FORM 990, PART VI, SECTION A, LINE 1: | MEMBERS OF THE GOVERNING BODY DO NOT HAVE THE SAME VOTING RIGHTS. PRECIOSA LAVRADOR DOES NOT HAVE VOTING RIGHTS. |
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