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FORM 990, PART VI, SECTION B, LINE 11B | ELECTRONIC COPY OF FORM 990 PROVIDED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS FOR THEIR COMMENTS PRIOR TO THE SUBMISSION OF THE FORM TO THE IRS. |
FORM 990, PART VI, SECTION B, LINE 12C | ALL BOARD MEMBERS AND YEAR-ROUND EMPLOYEES SIGN A CONFLICT OF INTEREST FORM ANNUALLY. SEASONAL EMPLOYEES RECEIVE THE CONFLICT OF INTEREST POLICY IN THE EMPLOYEE HANDBOOK, AND SIGN THAT THEY HAVE READ THE HANDBOOK AND AGREE TO ABIDE BY NCS POLICIES. |
FORM 990, PART VI, SECTION B, LINE 15 | COMPARABILITY DATA WITH OTHER NOT-FOR-PROFIT AND SAILING ORGANIZATIONS BY THE PRESIDENT AND APPROVAL OF THE EXECUTIVE COMMITTEE FOR THE TOP OFFICIALS. PERFORMANCE REVIEW BY MANAGEMENT AND APPROVAL OF THE CEO FOR OTHER EMPLOYEES. |
FORM 990, PART VI, SECTION C, LINE 19 | THE FORM 990 (EXCEPT FOR SCHEDULE B) IS MADE AVAILABLE FOR ANYONE UPON REQUEST. IT IS ALSO POSTED ON THE NANTUCKET COMMUNITY SAILING WEBSITE. |
FORM 990, PART XI, LINE 9: | BOOK/TAX DIFFERENCE FOR LOSS ON SALE OF INVESTMENTS -13,815. |
FORM 990, PART XII, LINE 2C | THE AUDIT COMMITTEE RECOMMENDS THE CPA FIRM AND REVIEWS THE AUDIT. THE BOARD APPROVES THE AUDITED FINANCIAL STATEMENTS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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