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
2020
Open to Public
Inspection
Name of the organization
SCRAP EXCHANGE INC
 
Employer identification number

56-1728718
Return Reference Explanation
FORM 990, PAGE 6, PART VI, LINE 11B PRELIMINARY INFORMATION FOR COMPLETING THE FORM 990 IS PROVIDED BY THE FINANCE MANAGER TO THE ACCOUNTANT. THE COMPLETED 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR PRIOR TO FILING. THE 990 WILL BE PROVIDED TO THE FINANCE COMMITTEE (CHAIRED BY THE BOARD TREASUREER) AT THE NEXT COMMITTEE MEETING AND WILL BE DELIVED ELECTRONICALLY TO ALL BOARD MEMBERS.
FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY, SIGN AND DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. BOARD MEMBERS ARE ENCOURAGED TO RAISE QUESTIONS ABOUT POTENTIAL CONFLICTS OF INTEREST OF THEIR OWN OR OF OTHER BOARD MEMBERS WHENEVER A SITUATION ARISES OR A DECISION IS MADE THAT COULD BE PERCEIVED BY ANYONE WITHIN OR OUTSIDE THE ORGANIZATION AS A POTENTIAL CONFLICT OF INTEREST. WHEN SUCH SITUATIONS ARISE, A VOTE IS HELD ON THE ISSUE, AND IF A QUORUM OF BOARD MEMBERS AGREE THAT A CONFLICT OF INTEREST WOULD OCCUR AS A RESULT OF A PARTICULAR ACTION, THE MEMBER OR MEMBERS INVOLVED IN THE ACTION MUST EITHER (A) TAKE ACTION TO RESOLVE THE CONFLICT, (B) RECUSE THEMSELVES FROM ANY DECISIONS IN WHICH THE CONFLICT OF INTEREST WOULD ARISE, OR (C) STEP DOWN FROM THE SCRAP EXCHANGE, INC. BOARD.
FORM 990, PAGE 6, PART VI, LINE 15A PAY RATES FOR ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, ARE DETERMINED THROUGH COMPARISONS TO ORGANIZATIONS OF SIMILAR SIZE AND BUDGET AND/OR WITH COMPARABLE MISSIONS AND PURPOSES IN THE SAME GEOGRAPHIC AREA.
FORM 990, PAGE 6, PART VI, LINE 15B SALARIES FOR ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, ARE DETERMINED THROUGH COMPARISONS TO ORGANIZATIONS OF SIMILAR SIZE AND BUDGET AND/OR WITH COMPARABLE MISSIONS AND PURPOSES IN THE SAME GEOGRAPHIC AREA.
FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST (BY PHONE, EMAIL, OR IN PERSON) AT THE ORGANIZATION'S MAIN OFFICE. FORM 990 IS AVAILABLE THROUGH GUIDESTAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020


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