| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | OPERATION BREAKTHROUGH, INC. ('OBI'), A RELATED NON-PROFIT ORGANIZATION (SEE SCHEDULE R), IS OPERATION BRIGHT FUTURE'S ('OBF') SOLE MEMBER. |
| FORM 990, PART VI, SECTION A, LINE 7A | OBI APPOINTS ALL OF THE DIRECTORS OF OBF. |
| FORM 990, PART VI, SECTION A, LINE 8B | OBF DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE CFO COMPLETES A DETAIL REVIEW OF THE 990. OBI'S FINANCE COMMITTEE COMPLETES A HIGH LEVEL REVIEW OF THE 990 AFTER THE CFO. A COPY OF THE 990 IS PROVIDED TO ALL DIRECTORS OF THE BOARD PRIOR TO FILING WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY FORM TO CONFIRM THAT NO CONFLICTS EXIST. IF ANY CONFLICTS ARE IDENTIFIED, THE MATTER IS PRESENTED TO THE BOARD OF DIRECTORS IN ORDER TO DETERMINE THE APPROPRIATE COURSE OF ACTION WHICH MAY INCLUDE RECUSING THEMSELVES FROM MATTERS PERTAINING TO THE CONFLICT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE ON ITS WEBSITE. |
| FORM 990, PART XII, LINE 2C: | OBF IS INCLUDED IN THE CONSOLIDATED AUDIT OF ITS SOLE MEMBER, OBI. OBI'S FINANCE COMMITTEE, COMPRISED OF MEMBERS OF ITS BOARD OF DIRECTORS, PROVIDES OVERSIGHT FOR THE CONSOLIDATED AUDIT, REVIEW OF OUR FINANCIAL STATEMENTS, AND SELECTION OF THE INDEPENDENT AUDITORS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS. |
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