TY 2018 Form 990 Schedule O

efile Public Visual Render ObjectId: 202023219349305462 - Submission: 2020-11-16 TIN: 46-3120883

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.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2018

Open to Public
Inspection

Name of the organization

THE INNOVATION PROJECT

Employer identification number

46-3120883

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE ACCOUNTING FIRM SUBMITS A DRAFT TAX RETURN TO THE BOARD, WHO REVIEW THE DRAFT AND PREPARE COMMENTS AND QUESTIONS FOR THE FIRM. AFTER COMMENTS AND QUESTIONS ARE ANSWERED AND RESOLVED, THE RETURN IS FINALIZED BY THE ACCOUNTING FIRM. A COPY IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW, COMMENTS, AND QUESTIONS. THE BOARD APPROVES THE FINAL FORM 990 WHICH IS THEN SUBMITTED TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	THE PRESIDENT/CEO DEVELOPS THE DRAFT BOARD AGENDA AND PROVIDES SUMMARY EXPLANATIONS IN THE POSTED AGENDA. THIS PROVIDES THE OPPORTUNITY TO IDENTIFY POTENTIAL CONFLICT OF INTERESTS OF BOARD MEMBERS AND TO INCLUDE IT IN THE WRITTEN REMARKS. NO CONFLICTS OF INTERESTS OR APPEARANCE OF COI WERE FOUND IN THIS REPORTING PERIOD. THE BOARD HAS IN PLACE VOTING PROCESSES TO PROVIDE FOR A MEMBER TO EXCUSE HIM/HERSELF FROM VOTING IF THERE IS ANY CONCERN ABOUT APPEARANCE/OR ACTUAL CONFLICT OF INTEREST. THE BOARD APPROVES THE BUDGET WHICH INCLUDES THE LISTING OF CONTRACTORS AND SERVICES. THIS WOULD PROVIDE THE MEANS OF IDENTIFYING ANY APPROPRIATION OF FUNDS TO A BOARD MEMBER. THIS HAS NOT OCCURRED IN THE REPORTING PERIOD. THE BYLAWS PROVIDE FOR THE FUNCTION OF THE EXECUTIVE COMMITTEE WITH MINUTES TO THE BOARD. THIS IS ESTABLISHED TO ENSURE OPEN, TRANSPARENT ACTIONS OF THE BOARD AND ITS COMMITTEES.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST AND ON GUIDESTAR.
FORM 990, PART IX, LINE 11G	PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 840. MANAGEMENT AND GENERAL EXPENSES 834. FUNDRAISING EXPENSES 135. TOTAL EXPENSES 1,809. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 16. MANAGEMENT AND GENERAL EXPENSES 1,661. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,677. CONTRACTORS: PROGRAM SERVICE EXPENSES 340,283. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 340,283.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE ACCOUNTING FIRM SUBMITS A DRAFT TAX RETURN TO THE BOARD, WHO REVIEW THE DRAFT AND PREPARE COMMENTS AND QUESTIONS FOR THE FIRM. AFTER COMMENTS AND QUESTIONS ARE ANSWERED AND RESOLVED, THE RETURN IS FINALIZED BY THE ACCOUNTING FIRM. A COPY IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW, COMMENTS, AND QUESTIONS. THE BOARD APPROVES THE FINAL FORM 990 WHICH IS THEN SUBMITTED TO THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

THE PRESIDENT/CEO DEVELOPS THE DRAFT BOARD AGENDA AND PROVIDES SUMMARY EXPLANATIONS IN THE POSTED AGENDA. THIS PROVIDES THE OPPORTUNITY TO IDENTIFY POTENTIAL CONFLICT OF INTERESTS OF BOARD MEMBERS AND TO INCLUDE IT IN THE WRITTEN REMARKS. NO CONFLICTS OF INTERESTS OR APPEARANCE OF COI WERE FOUND IN THIS REPORTING PERIOD. THE BOARD HAS IN PLACE VOTING PROCESSES TO PROVIDE FOR A MEMBER TO EXCUSE HIM/HERSELF FROM VOTING IF THERE IS ANY CONCERN ABOUT APPEARANCE/OR ACTUAL CONFLICT OF INTEREST. THE BOARD APPROVES THE BUDGET WHICH INCLUDES THE LISTING OF CONTRACTORS AND SERVICES. THIS WOULD PROVIDE THE MEANS OF IDENTIFYING ANY APPROPRIATION OF FUNDS TO A BOARD MEMBER. THIS HAS NOT OCCURRED IN THE REPORTING PERIOD. THE BYLAWS PROVIDE FOR THE FUNCTION OF THE EXECUTIVE COMMITTEE WITH MINUTES TO THE BOARD. THIS IS ESTABLISHED TO ENSURE OPEN, TRANSPARENT ACTIONS OF THE BOARD AND ITS COMMITTEES.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST AND ON GUIDESTAR.

FORM 990, PART IX, LINE 11G

PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 840. MANAGEMENT AND GENERAL EXPENSES 834. FUNDRAISING EXPENSES 135. TOTAL EXPENSES 1,809. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 16. MANAGEMENT AND GENERAL EXPENSES 1,661. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,677. CONTRACTORS: PROGRAM SERVICE EXPENSES 340,283. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 340,283.

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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