Return Reference | Explanation |
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Form 990, Part VI, Section A, line 2 | TRUSTEES GIL HOMSTAD, DAVID HOFFMAN, AND MICHAEL DOUGHERTY ARE ALSO DIRECTORS OF THE JACKSON COUNTY BANK. |
Form 990, Part VI, Section B, line 11b | THE BOARD OF TRUSTEES RECEIVE A PRELIMINARY DRAFT OF THE FINANCIAL STATEMENTS AND 990. THE ADMINISTRATIVE ASSISTANT AND TRUSTEES REVIEW THE 990 TO ENSURE THAT IT AGREES TO THE FINANCIAL STATEMENTS. THEY ALSO REVIEW ALL QUESTIONS TO ENSURE THEY ARE ANSWERED PROPERLY. THEN THE 990 IS APPROVED BY THE BOARD OF TRUSTEES. |
Form 990, Part VI, Section C, line 19 | GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE 990 ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
FORM 990, PART XII, LINE 1 | The Foundation changed from the modified cash basis of accounting to the accrual basis of accounting. This change was made to comply with the state's requirement that the financial statements must be prepared in accordance with generally accepted accounting principles. |
FORM 990, PART XII, LINE 2C | The Foundation has a committee that assumes responsibility for oversight for the audit. There have been no changes in its oversight or selection process during the tax year. |
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