| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Section A, Line 5 | During the 2024 tax year, the organization became aware of a significant diversion of assets involving potential unauthorized financial activity by a former officer. The precise dollar amount involved is undetermined, as a full forensic investigation was not feasible due to cost and limitations in available records. Upon discovery, the organization promptly notified law enforcement, took steps to safeguard its assets, and implemented measures to strengthen internal controls. All board members serving during the relevant period voluntarily resigned to facilitate an independent review and transition to new leadership. The organization engaged an independent CPA firm to assess its financial systems, processes, and controls, and to provide recommendations for best practices. In addition, the organization secured appropriate insurance coverage to further protect against future risks. The organization is committed to transparency and has implemented enhanced governance and oversight measures to prevent recurrence. |
| Form 990, Part VI, Section B, Line 11b | Distributed by email to each member, with acknowledgement of receipt of the 990 |
| Form 990, Part VI, Section B, Line 13 | The organization did not have written Whistleblower and Document Retention and Destruction Policy in 2024; the organization plans to adopt these policies in 2025. |
| Form 990, Part VI, Section C, Line 19 | The organization does not have a policy making its governing documents, conflict of interest policy, and financial statements available to the public during the tax year. |
| Form 990, Part VII, Section A, Line 1a | Due to the discovery of potential unauthorized financial activity as outlined in Form 990, Part VI, Section A, Line 5, an Interim Board was appointed and served through the end of the year. These Board members are listed at the top of Part VII Section A and those board members who voluntarily resigned to facilitate an independent review are listed at the bottom and are denoted as "former" in row C. The interim board received no compensation or expense reimbursements during their tenure on the Board. |
| Form 990, Part IX, Line 11g | During the course of significant leadership changes, several contractors and professional services were engaged to provide guidance and support to the Executive Director and board of directors. |
| Form 990, Part XII, Line 2c | Review of the financial statements with a finance committee was implemented towards the end of the 2024 calendar year. Leadership recognized the need review and advise the organization |
| Software ID: | 24021167 |
| Software Version: | v1.00 |