| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE STUDENTSFIRST NEW YORK, INC. RETURN WAS PREPARED BY A PUBLIC ACCOUNTING FIRM, THEN FORWARDED TO THE EXECUTIVE DIRECTOR FOR REVIEW. ANY REVISIONS ARE PROVIDED TO THE LICENSED CPA AND, ONCE REVISED, THE FINAL DRAFT IRS FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO SUBMISSION AND FILING WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANNUALLY TO THE BOARD ANY FINANCIAL INTEREST WHICH THE DIRECTOR OR OFFICER DIRECTLY OR INDIRECTLY HAS IN ANY PERSON OR ENTITY WHICH IS A PARTY TO A TRANSACTION UNDER CONSIDERATION BY THE BOARD. THE INTERESTED DIRECTOR OR OFFICER SHALL ABSTAIN FROM VOTING ON THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE SALARY FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND DETERMINED BY THE BOARD UPON HIRE USING COMPARABILITY DATA SUCH AS INDUSTRY SURVEYS AND DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS. THE BOARD ALSO REVIEWS IT ANNUALLY TO DETERMINE THE ELIGIBILITY FOR PERFORMANCE BONUS. THE SALARY FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS REVIEWED AND DETERMINED BY THE BOARD UPON HIRE USING COMPARABILITY DATA SUCH AS INDUSTRY SURVEYS AND DOCUMENTED COMPENSATION OF PERSONS HOLDING SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS. THE BOARD ALSO REVIEWS THOSE SALARIES ANNUALLY TO DETERMINE ELIGIBILITY FOR PERFORMANCE BONUSES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE AS REQUIRED BY LAW. |
| FORM 990, PART IX, LINE 5 AND LINE 7: | OFFICERS AND OTHER EMPLOYEES OF THE ORGANIZATION ALSO PERFORM SERVICES FOR RELATED ORGANIZATIONS. THE RELATED ORGANIZATIONS REIMBURSE THIS ORGANIZATION FOR SERVICES PERFORMED BY ITS EMPLOYEES. THESE REIMBURSED WAGES REDUCE SALARIES AND WAGES EXPENSE ON THIS ORGANIZATION'S FINANCIAL STATEMENTS AND, THEREFORE, PART IX LINES 5 & 7. SINCE THE FULL AMOUNT OF OFFICERS AND KEY EMPLOYEE'S COMPENSATION IS PAID BY AND W-2S ARE ISSUED BY THIS ORGANIZATION, PART VII REPORTS THE FULL AMOUNT. |
| FORM 990, PART IX, LINE 11G | STRATEGIC CONSULTING: PROGRAM SERVICE EXPENSES 482,073. MANAGEMENT AND GENERAL EXPENSES 31,785. FUNDRAISING EXPENSES 15,893. TOTAL EXPENSES 529,751. ADVISORY SERVICES: PROGRAM SERVICE EXPENSES 256,107. MANAGEMENT AND GENERAL EXPENSES 16,886. FUNDRAISING EXPENSES 8,443. TOTAL EXPENSES 281,436. POLLING: PROGRAM SERVICE EXPENSES 5,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,500. COMMUNICATION SERVICES: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. IT: PROGRAM SERVICE EXPENSES 8,221. MANAGEMENT AND GENERAL EXPENSES 542. FUNDRAISING EXPENSES 271. TOTAL EXPENSES 9,034. |
| FORM 990, PART XII, LINE 2C: | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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