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 Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2018
Open to Public
Inspection
Name of the organization
LOUDOUN CARES
 
Employer identification number

74-3071794
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS MADE AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS LISTED IN LOUDOUN CARES BYLAWS. EACH MEMBER OF THE BOARD IS ASKED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST EACH YEAR, AND IS MONITORED CONSTANTLY AND IN DETAIL ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15 GOVERNING BODY OF LOUDOUN CARES OBTAINS SURVEYS AND STUDIES TO DETERMINE APPROPRIATE COMPETITIVE COMPENSATION. EXECUTIVE COMPENSATION IS APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONAL GOVERNING DOCUMENTS, IRS FORM 990 AND FINANCIAL STATEMENTS ARE KEPT IN THE BUSINESS OFFICE AND MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART X, LINE 15 BUILDING FACILITY ASSET VALUE IMPAIRMENT - THE NET BOOK VALUE OF THE BUILDING FACILITY CARRY ON THE ASSET LISTING EXCEEDS THE SALES CONTRACT PRICE. CONSEQUENTLY THE ASSET FAIR VALUE OF THE BUILDING FACILITY HAS BEEN REDUCED TO THE AMOUNT TO BE REALIZED UPON SALE AS SUMMARIZED BELOW: NET BOOK VALUE OF BUIDLING FACILITY - $1,981,632 SALES CONTRACT PRICE - $(1,275,000) LESS: AMOUNTS RECEIVED IN ADVANCE ON SALES CONTRACT - $100,000 RECORDED BUILDING FACILITY ASSET IMPAIRMENT - $806,632
FORM 990, PART XI, LINE 9: BUILDING FACILITY ASSET IMPAIRMENT -806,632.
FORM 990, PART XI, LINE 2C THE ANNUAL FINANCIAL STATEMENTS ARE PRESENTED AT THE BOARD OF DIRECTORS MEETING FOR REVIEW AND APPROVAL. THE BOARD ALSO OVERSEES SELECTION OF INDEPENDENT AUDITOR/ACCOUNTANT.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2018


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