Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990 | 1.CASH BALANCE ENDING THE FISCAL YEAR DECLINED FROM 22,275 TO 19,091 AS OF SEPTEMBER 30, 2023; CASH BALANCE REMAINS A CONCERN FOR THE ASSOCIATION IN ORDER TO BE ABLE TO CARRY THE ORGANIZATION FORWARD INTO APRIL 2024 WHEN WE START GETTING IN ANNUAL RAFFLE TICKET SALES AND REUNION REGISTRATION INCOME; THE DECLINE IS MINOR AND MANAGEABLE IN THAT THE COMING FISCAL YEAR WILL HAVE ADDITIONAL INCOME FROM A NEW EDITION OF THE ASSOCIATION DIRECTORY. 2.THE ASSOCIATION ENDED FY2022-23 WITH A POSITIVE 3,071 OF INCOME OVER EXPENSES; THIS IS A POSITIVE CHANGE FROM THE SITUATION AT THE END OF FY2021-22 WITH A NEGATIVE 19,920.27 OF EXPENSES MORE THAN INCOME COMING OUT OF THE COVID YEAR AND A LOW ATTENDANCE LEVEL FOR THE ANNUAL REUNION. 3.THE CHANGES IMPLEMENTED FOR FY2022-23 TO SIMPLIFY AND STREAMLINE HOW THE INTEREST EARNINGS FROM THE ASSOCIATION'S INVESTED FUNDS ARE TRANSFERRED AT THE END OF EACH MONTH TO THE ASSOCIATION'S GENERAL OPERATING FUND ARE NOW AUTOMATICALLY SENT BY WIRE TRANSFER RATHER THAN BY INDIVIDUAL ON-DEMAND REQUESTS. TWO FUNDS (FORT CAMPBELL MONUMENT AND MEMORIAL FUND) HAVE BEEN FOLDED INTO THE NEW DESTINY FUND WHICH REDUCES THE STAFF TIME REQUIRED TO MONITOR AND TRACK EARNINGS AND TRANSFERS; BOTH CHANGES HAVE PROVEN TO WORK EFFECTIVELY AS DESIGNED AND EXECUTED. 4.THE NEW ASSOCIATION ENDOWMENT FUND, THE DESTINY FUND, FROM DONATIONS DURING THE FISCAL YEAR, NOW IS UP TO MARKET VALUE OF 278,215.22 AND EARNED 18,108.73 FOR THE ASSOCIATION. WITH COMMITMENTS IN PLACE FOR ADDITIONAL DONATIONS TO ACHIEVE A FUND VALUE OF 700K PLUS BY 2007, THE OBJECTIVE FOR THE DESTINY FUND IS TO PROVIDE 37K ANNUALLY TO THE ASSOCIATION GENERAL OPERATING FUND. 5.THE ANNUAL REUNION EXPERIENCED EXPENSES NEARLY AS THE AMOUNT OF INCOME BROUGHT IN; ATTENDANCE WAS STRONG AND THE REUNION RAN WELL BUT THE ASSOCIATION DID NOT ACHIEVE THE BUDGETED NET INCOME IN SUPPORT OF THE OVERALL ASSOCIATION BUDGET. THE 101 REUNION REGISTRATION HAS BEEN STATIC WHILE EXPENSES HAVE RISEN EACH YEAR; FINANCE COMMITTEE WORKED WITH THE REUNION COMMITTEE AND ASSOCIATION LEADERSHIP TO INCREASE THE REGISTRATION PRICE TO 120 A PERSON TO REMEDY THIS MATTER. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ASSOCIATION HAS MEMBERS |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS ELECT THE GOVERNORS |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS REVIEWED BY THE SECRETARY/TREASURER AND THE FINANCE COMMITTEE AND THEN REVIEWED BY THE ASSOCIATION PRESIDENT AND FORWARDED TO THE BOARD OF GOVERNORS FOR THEIR REVIEW AND APPROVAL. THE RETURN IS FILED UPON THEIR APPROVAL |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE FINANCE COMMITTEE MONITORS THE CONFLICT OF INTEREST POLICY AND PROCESS |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE POSTED ON THE ASSOCIATION'S WEBSITE AND ARE AVAILABLE UPON REQUEST |
| FORM 990, PART XI, LINE 9 | COST OF GOODS SOLD 29,113 RAFFLE EXPENSES 23,740 COST OF GOODS SOLD -29,113 RAFFLE EXPENSES -23,740 BOOK / TAX DEPRECIATION DIFFERENCE -844 TOTAL -844 |
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