| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE IT IS SUBMITTED TO THE GRAND COUNCIL FOR APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE GRAND COUNCIL MUST AVOID ANY INTEREST OR RELATIONSHIP THAT MIGHT CONFLICT OR APPEAR TO CONFLICT WITH THE BEST INTEREST OF THE ORGANIZATION. IN THE CASE WHERE AN EXISTING RELATIONSHIP MAY CAUSE A POTENTIAL CONFLICT OF INTEREST, FULL DISCLOSURE MUST BE MADE IMMEDIATELY TO THE GRAND COUNCIL. THE COUNCIL IS RESPONSIBLE FOR OVERSEEING THE IMPLEMENTATION AND ENFORCEMENT OF THIS POLICY AND WILL REVIEW ALL VIOLATIONS OF THIS POLICY. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICTS OF INTEREST AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART VIII, LINE 7D, COLUMN D | STATEMENT TO REPORT THE DEFERRAL OF GAIN ON THE SALE OF PROPERTY USED IN THE PERFORMANCE OF AN EXEMPT FUNCTION BY AN ORGANIZATION DESCRIBED IN IRC SEC. 501(C)(7): REAL ESTATE USED IN THE EXEMPT FUNCTION OF THE ORGANIZATION AS A HEADQUARTERS BUILDING WAS SOLD IN MARCH 2024 FOR $417,926. AFTER DEDUCTING COST BASIS OF $140,156, THE RESULTING GAIN OF $277,770 IS DEFERRED FROM TAXATION PENDING REINVESTMENT OF PROCEEDS. PURSUANT TO IRC SEC. 512(A)(3)(D), WITHIN ONE YEAR PRIOR TO THE SALE AND THREE YEARS AFTER THE DATE OF SALE, ALL PROCEEDS FROM THE SALE WILL BE USED TO PURCHASE ADDITIONAL PROPERTY USED IN THE EXEMPT FUNCTION OF THE ORGANIZATION. THUS, NO GAIN IS RECOGNIZED ON THE SALE. |
| FORM 990, PART XI, LINE 9: | IMPAIRMENT LOSS -212,059. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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