FORM 990, PART VI, SECTION A, LINE 2 |
TIMOTHY SNOW (PRESIDENT), JEFFERY SNOW (SECRETARY), AND JENNIFER SNOW (TRUSTEE) ARE SIBLINGS. |
FORM 990, PART VI, SECTION B, LINE 11B |
THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE, TREASURER AND THE PRESIDENT. THE TRUSTEES RECEIVE A COPY OF FORM 990 PRIOR TO FILING. |
FORM 990, PART VI, SECTION B, LINE 12C |
THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL NEW TRUSTEES. ALL TRUSTEES ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM. |
FORM 990, PART VI, SECTION B, LINE 15A |
THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED ANNUALLY AND ESTABLISHED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE IS GUIDED BY THE ORGANIZATION'S EXECUTIVE COMPENSATION POLICY THAT REQUIRES THE EXECUTIVE COMMITTEE TO RELY ON COMPARABILITY DATA WHEN DETERMINING THE CEO'S COMPENSATION. |
FORM 990, PART VI, SECTION C, LINE 19 |
DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION ON WWW.GUIDESTAR.ORG, BY WRITTEN REQUEST, OR ON OUR WEBSITE. |
FORM 990, PART XI, LINE 8 |
THE ORGANIZATION HAS RESTATED ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018, TO PROPERLY REFLECT DEFERRED SCHOLARSHIP EXPENDITURES AND ENDING NET ASSETS WITH DONOR RESTRICTIONS. THE ORGANIZATION CONSIDERS AWARDED SCHOLARSHIPS TO BE UNCONDITIONAL PROMISES TO GIVE, THEREFORE, THE ENTIRE SCHOLARSHIP PAYABLE AND SCHOLARSHIP EXPENSE SHOULD BE RECOGNIZED IN THE PERIOD THE SCHOLARSHIP AWARD AGREEMENTS ARE EXECUTED. IN ADDITION, THE ORGANIZATION REPORTED CERTAIN DONOR-RESTRICTED FUNDS AS NET ASSETS WITHOUT DONOR RESTRICTION. ACCORDINGLY, THE ORGANIZATION HAS RESTATED ITS FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 TO CORRECT THESE ERRORS. |
FORM 990, PART XII, LINE 2C |
THE FINANCIAL STATEMENTS WERE AUDITED ON A CONSOLIDATED BASIS. THERE WAS NO CHANGE IN THE PRESENTATION OF THE AUDIT BASIS. |