| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION HAS A RESOURCE SHARING AGREEMENT WITH VITAL STRATEGIES, INC., WHICH PROVIDES FOR THE EXCHANGE OF GENERAL OPERATIONS, PROJECTS, ACTIVITIES AND PERSONNEL TO THE ORGANIZATION. THE ORGANIZATION INCURRED $684,609 OF EXPENSES DURING THE TAX YEAR FOR THESE SERVICES. |
| FORM 990, PART VI, SECTION B, LINE 11B | VITAL STRATEGIES ACTION FUND, INC. ENGAGED AN OUTSIDE ACCOUNTING FIRM TO PREPARE THE FORM 990. IT IS THEN PRESENTED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW. ANY QUESTIONS FROM BOARD MEMBERS ARE DIRECTED TO MANAGEMENT. ONCE ALL QUESTIONS ARE SATISFACTORILY RESOLVED, THE FORM 990 IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | VITAL STRATEGIES ACTION FUND, INC. HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO BOARD MEMBERS AND OFFICERS. EACH BOARD MEMBER AND OFFICER MUST SIGN AND SUBMIT TO THE PRESIDENT AND CEO AND THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES A STATEMENT DISCLOSING THEIR AWARENESS OF THE POLICY AND DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST. THE STATEMENT MUST BE SUBMITTED UPON JOINING AND AT LEAST EVERY FIVE YEARS THEREAFTER. IN ADDITION, A CONFLICT OF INTEREST CHANGE FORM IS COMPLETED AND SIGNED ON AN ANNUAL BASIS TO DECLARE ANY CHANGE IN CONFLICT SITUATIONS. IF A POTENTIAL OR ACTUAL CONFLICT IS DISCLOSED AT ANY TIME, THE PRESIDENT AND CEO AND EXECUTIVE COMMITTEE REVIEWS THE MATERIAL FACTS AND CIRCUMSTANCES. IF IT IS ESTABLISHED THAT AN ACTUAL CONFLICT EXISTS, THE INDIVIDUAL WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DISCUSSIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL THE CONFLICT IS RESOLVED. AT THE REQUEST OF THE PRESIDENT AND CEO AND EXECUTIVE COMMITTEE, THE INTERESTED PERSON MAY PROVIDE INFORMATION REGARDING THE TRANSACTION PRIOR TO THE DELIBERATIONS OF THE BOARD. ANY DISCUSSION REGARDING THE CONFLICT OF INTEREST TRANSACTION IS DOCUMENTED IN THE MINUTES OF THE BOARD MEETINGS, REFLECTING THE CONFLICT OF INTEREST THAT WAS DISCLOSED, THE NAME OF THE INTERESTED PERSON, AND THE FINAL DETERMINATION AND DECISION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S FORM 990 AND AUDITED FINANCIAL STATEMENTS, AS WELL AS THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | LOSSES ON FOREIGN CURRENCY TRANSLATION -4,109. |
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