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
2015
Open to Public
Inspection
Name of the organization
CEDAR RAPIDS FREEDOM FESTIVAL
 
Employer identification number

42-1329035
Return Reference Explanation
FORM 990 - ORGANIZATION'S MISSION THE CEDAR RAPIDS FREEDOM FESTIVAL, INC., A NON-PROFIT ORGANIZATION, CELEBRATES THE QUALITY OF LIFE IN EASTERN IOWA BY PROVIDING SAFE, AFFORDABLE, AND FUN ANNUAL EVENTS THAT EMBODY THE SPIRIT OF PATRIOTISM AND THE SENSE OF COMMUNITY AND FAMILY.
FORM 990, PAGE 6, PART VI, LINE 11B WHEN THE 990 FORM IS COMPLETE, IT IS SENT TO THE BOARD OF DIRECTORS VIA EMAIL FOR REVIEW AND COMMENT. A THREE DAY PERIOD IS MADE AVAILABLE TO GIVE WRITTEN COMMENTS. CHANGES ARE PRESENTED FOR RESOLUTION AND FILING.
FORM 990, PAGE 6, PART VI, LINE 12C 3. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANAGEMENT. C. AFTER EXERCISING DUE DILLEGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER CEDAR RAPIDS FREEDOM FESTIVAL CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. D. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER THE CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN CEDAR RAPIDS FREEDOM FESTIVAL'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR REVIEW IS GIVEN BY THE PRESIDENT OF THE BOARD AND HAS THE INPUT FROM THE EXECUTIVE COMMITTEE(OFFICERS OF THE CORPORATION). THE PRESIDENT PRESENTS THE REVIEW TO THE EXECUTIVE DIRECTOR FOLLOWING FISCAL YEAR-END. ANY COMPENSATION CHANGES OR BONUSES WILL BE DETERMINED BY THE OFFICERS OF THE CORPORATION. OFFICERS OF THE CORPORATION ARE VOLUNTEER AND ARE NOT COMPENSATED.
FORM 990, PAGE 6, PART VI, LINE 19 A BINDER IS AVAILABLE FOR REVIEW AT THE FREEDOM FESTIVAL OFFICE DURING NORMAL BUSINESS HOURS.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015


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