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
2019
Open to Public
Inspection
Name of the organization
CHARLOTTE SPORTS FOUNDATION
 
Employer identification number

46-2059715
Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 1 THE CHAIRMAN OF THE BOARD MAY DESIGNATE NOT LESS THAN TWO (2) AND NOT MORE THAN NINE (9) ADDITIONAL DIRECTORS (ONE OF WHICH SHALL BE THE VICE CHAIRMAN OF THE BOARD) TO CONSTITUTE AN EXECUTIVE COMMITTEE, WHICH COMMITTEE, TO THE EXTENT PROVIDED IN SUCH ACTION, SHALL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE EXTENT PERMITTED BY APPLICABLE LAW, SUBJECT TO THE LIMITATIONS SET FORTH IN SECTION 10 OF THIS ARTICLE. THE CHAIRMAN OF THE BOARD SHALL SERVE AS THE CHAIRMAN OF THE EXECUTIVE COMMITTEE. THE VICE CHAIRMAN OF THE BOARD SHALL SERVE ON THE EXECUTIVE COMMITTEE AND SHALL SERVE AS THE CHAIRMAN OF THE EXECUTIVE COMMITTEE IN THE CHAIRMAN OF THE BOARD'S ABSENCE. THE EXECUTIVE COMMITTEE SHALL OVERSEE THE INVESTMENTS OF THE CORPORATION, REPORT TO THE FULL BOARD ON THE STATUS OF THESE INVESTMENTS AT LEAST ANNUALLY, MAKE DECISIONS REGARDING ANNUAL MEETING OF THE BOARD OF DIRECTORS A SLATE OF DIRECTORS ADEQUATE TO MAINTAIN THE INTEGRITY AND OPERATIONS OF THE CORPORATION, TAKE ALL ACTIONS ON BEHALF OF THE FULL BOARD AS PERMITTED BY APPLICABLE LAW, AND REPORT TO THE FULL BOARD ON ALL ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE NO LATER THAN AT THE NEXT MEETING OF THE BOARD FOLLOWING SUCH ACTION
FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USE TRINET SOI AS A MANAGEMENT COMPANY. TRINET SOI PROVIDES HUMAN RESOURCE SERVICES TO THE ORGANIZATION.
FORM 990, PART VI, SECTION B, LINE 11B THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTANT WITH ASSISTANCE AND OVERSIGHT BY MANAGEMENT. UPON COMPLETION, THE RETURN WAS REVIEWED BY THE FINANCE MANAGER AND EXECUTIVE DIRECTOR AND DISTRIBUTED ELECTRONICALLY TO THE MEMBERS OF THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WERE GIVEN TIME TO REVIEW, DISCUSS, AND COMMENT PRIOR TO THE FORM BEING ELECTRONICALLY FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C ALL POLICIES AND REVIEWED ANNUALLY WITH ALL EMPLOYEES AND ALL EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE COMPLIANCE.
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR IS RECOMMENDED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION OF ALL OTHER EMPLOYEES IS RECOMMENDED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE BOARD OF DIRECTORS THROUGH THE APPROVAL OF THE ANNUAL BUDGET.
FORM 990, PART VI, SECTION C, LINE 18 ALSO, RECENT FILINGS OF THE FORM 990 ARE MADE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9: PRESENT VALUE ADJUSTMENTS OF FUTURE LEASE CONTRIBUTIONS 39,181.
PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2019


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