| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, line 8b | No committees are able to act on behalf of the board. |
| Form 990, Part VI, Section B, line 11b | The draft Form 990 is prepared by the Coalition's CPA or accounting team and reviewed by the Executive Director and Treasurer for accuracy and completeness. Once the draft is finalized, a full copy is distributed to all board members via email for review. Board members are given an opportunity to ask questions or request clarifications before Form 990 is officially filed with the IRS. |
| Form 990, Part VI, Section B, line 12c | All members of the board, officers, and members of committees with board delegated authority are covered by the written conflict of interest policy and are required to disclose annually any interests that could give rise to conflict. Potential conflicts of interest are reviewed by the Board and if anyone is determined to have a conflict of interest, they will be removed from all meetings, discussions, and will not be allowed to vote in those specified areas of conflict. |
| Form 990, Part VI, Section B, line 15 | The Nevada Coalition for Psychedelic Medicines does not employ staff directly. Compensation for the CEO/President and Executive Director/Treasurer is paid by Sierra Psychedelic Society, an unrelated organization, with a portion reimbursed for services provided to the Coalition. To ensure reasonable compensation, the Coalition plans to implement a formal process that includes board review and approval, documentation of deliberations, and reliance on comparability data from nonprofit salary surveys or similarly sized organizations to support compensation decisions. |
| Form 990, Part VI, Section C, line 19 | The Nevada Coalition for Psychedelic Medicines' governing documents, conflict of interest policy and financial statements are available for public inspection upon request. |
| Form 990, Part VI, Section A, Line 4: | During the 2024 tax year, the Nevada Coalition for Psychedelic Medicines' bylaws included a member structure; however, the organization has never implemented or maintained formal membership and is governed solely by its Board of Directors. In 2025, the bylaws were amended to remove all language related to membership. |
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