| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 4 | During the tax year, the organization restated its Articles of Incorporation and its Bylaws to change its legal governing structure under Michigan nonprofit law from a nonstock membership style nonprofit corporation to a Michigan nonprofit nonstock directorship style corporation. The restated Articles of Incorporation and Bylaws also were amended to provide clearer definitional structure and specificity to the organization's tax-exempt Purposes, Powers and Limitations, which after said amendments, continue to be centered around its core tax-exempt purpose of promoting the academic, economic and social growth of Divine Child High School. To provide limitation, the concluding purposes clause calls for the organization: To do or perform any acts to accomplish its purposes as the Board of Directors may determine to be appropriate and that are not prohibited by law, including but not limited to Section 501(c)(4) of the Code or comparable provisions of any subsequent legislation, with all the power conferred on nonprofit corporations by the laws of the State of Michigan. Further, it is stated: Notwithstanding any provision of these Bylaws or the Articles of Incorporation, the Corporation shall not carry on any activities not permitted to be carried on by an organization exempt from federal income tax under Section 501(c)(4) of the Code or comparable provisions of any future federal tax code law. The Articles of Incorporation and the Bylaws were amended also to make them more presentable and to upgrade and update governance matters such as board composition, committees, voting requirements, and other internal workings of the organization. |
| Form 990, Part VI, Section A, Line 6 | All graduates of Divine Child High School are automatically members in the organization. The organization is governed by its board of directors. |
| Form 990, Part VI, Section B, Line 11b | The organization has not yet established formal process by which the governing body reviews the Form 990 prior to its filing. However, the Form 990 is prepared by a member of the organization's board of directors who is a CPA experienced in tax exempt matters. A copy of the Form 990 is e-mailed to the board members prior to its filing to give them a chance to review and comment on it. |
| Form 990, Part VI, Section B, Line 12c | The organization monitors the conflict of interest policy by discussing any potential conflicts of interest that might arise involving board members during meetings when new activities or investments are being discussed. These discussions involve whether any decisions being made by the board of directors could pose a conflict of interest for any board member or interested person. Board members are required to disclose any potential conflicts of interest during from the meeting and recuse themselves from the meeting and any of its discussions. They are permitted to answer any questions that might be asked by the remaining independent board members about the possible matter and the potential conflict. No conflicts have ever arisen in the organization's history. |
| Form 990, Part VI, Section C, Line 19 | The organization does not make these documents available for public inspection at this time and there is no requirement to do so. There is no perceived need to make them available. |
| Software ID: | 23018249 |
| Software Version: | v1.00 |