SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2016
Open to Public
Inspection
Name of the organization
THE PHILADELPHIA FASHION INCUBATOR
 
Employer identification number

45-2561701
Return Reference Explanation
Form 990, Part VI, Section B, Line 11b The Form 990 is prepared annually by the Organization's outsourced accountant. Upon completion, a draft of the return is forwarded to the Organization's audit firm, the Executive Director, and the Board of Directors. All parties have the opportunity to ask questions and raise comments about any particular part, line item or figure contained in the return. Once all questions and comments have been addressed, the return is finalized and filed electronically.
Form 990, Part VI, Section B, Line 12c Each director, principal officer, and a member of a committee with Board delegated powers shall annually sign a statement which affirms such person has received a copy of the conflict of interest policy, has read and understood the policy, has agreed to comply with the policy and understands the Organization is charitable and in order to maintain its federal tax exemption, must engage primarily in activities which accomplish one or more of its exempt purposes.
Form 990, Part VI, Section B, Line 15 The Incubator's Board members meet periodically throughout the year to discuss the Executive Director's salary and any performance bonuses. Members consider comparable salaries in Philadelphia and the surrounding region as well as the director's qualifications and work achievements. Salary information is documented and signed by both the Executive Director and the Board.
Form 990, Part VI, Section C, Line 19 All governing documents, financial statements, policies and tax returns are maintained at the Organization's office and are available upon request. Requests will be honored within ten (10) business days at no cost to the requester.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2016


Additional Data


Software ID: 16000425
Software Version: v1.00