| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | CO-FOUNDERS CHANCE MITCHELL AND JUSTIN NELSON, ALONG WITH BOARD MEMBER MICHAEL FULLER HAVE A BUSINESS RELATIONSHIP. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS TWO CHARTER MEMBERS WHO ARE THE CO-FOUNDERS OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE TWO CHARTER MEMBERS HAVE THE ABILITY TO APPOINT AND REMOVE BOARD MEMBERS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CEO AND FINANCE COMMITTEE. A COPY OF THE RETURN WAS PROVIDED TO THE BOARD PRIOR TO SUBMISSION WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, THE BOARD CHAIRPERSON INTRODUCES THE SUBJECT OF CONFLICT OF INTEREST AT THE ANNUAL BOARD OF DIRECTORS MEETING, UTILIZING THE BOARD-ADOPTED CONFLICT OF INTEREST FORM. AT THAT TIME, OFFICERS, DIRECTORS AND TRUSTEES ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICT. IN THE CASE OF DISCLOSURE OF A CONFLICT OF INTEREST TO THE EXECUTIVE OFFICE, THE EXECUTIVE OFFICE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NGLCC'S BEST INTEREST, AND THE MANNER THE CONFLICT SHOULD BE MANAGED. IN THE CASE OF ANY DISCLOSURE OF A CONFLICT OF INTEREST TO THE NOMINATING AND GOVERNANCE COMMITTEE, THE NOMINATING AND GOVERNANCE COMMITTEE DETERMINES, BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS, WHETHER A CONFLICT OF INTEREST EXISTS, WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NGLCC'S BEST INTEREST, AND THE MANNER THE CONFLICT SHOULD BE MANAGED. IF ONE FAILS TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, THE EXECUTIVE OFFICE OR THE NOMINATING AND GOVERNANCE COMMITTEE OR BOARD, AS THE CASE MAY BE, TAKES ANY APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMPENSATION OF THE CEO AND PRESIDENT IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS ANNUALLY. AS PART OF THE PROCESS, COMPARABILITY DATA IS OBTAINED AND REVIEWED, ALONG WITH FINAL OFFICER COMPENSATION ESTABLISHED BY THE BOARD'S COMPENSATION COMMITTEE PRIOR TO FORMAL ADOPTION BY BOARD OF DIRECTORS. THE COMPENSATION PROCESS IS DOCUMENTED AND IT LAST TOOK PLACE IN FEBRUARY 2025. THE BOARD HIRED AN OUTSIDE INDEPENDENT COMPENSATION FIRM TO REVIEW THE COMPENSATION OF THE CEO AND PRESIDENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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