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FORM 990, PAGE 6, PART VI, LINE 5 | AN EMPLOYEE MISAPPROPRIATED 94,000 IN CASH FROM THE ORGANIZATION BY MAKING TRANSFERS FROM PAYPAL ACCOUNT TO HER PEROSNAL VENDORS. UPROSE IS PURSUING CHARGES IN THIS MATTER. THE REASON THIS HAPPENED WAS BECAUSE THE PAYPAL ACCOUNT, WHICH IS LIKE A BANK ACCOUNT, WAS NOT RECONCILED ON AN ONGOING BASIS IN THE SAME WAY AS REGULAR BANK ACCOUNTS. THE PROCESS OF RECONCILING THE PAYPAL ACCOUNT MONTHLY HAS BEEN ADDED TO THE INTERNAL CONTROL ROUTINES WHICH SHOULD AVOID A PROBLEM LIKE THIS IN THE FUTURE. |
FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS PREPARED BY THE ORGANIZATIONS INDEPENDENT ACCOUNTANT AND REVIEWED BY MANAGEMENT AND THE ORGANIZATIONS INTERNAL CPA. ONCE APPROVED THE 990 IS EMAILED TO THE FULL BOARD PRIOR TO FILING. |
FORM 990, PAGE 6, PART VI, LINE 12C | REQUIRED ANNUAL DISCLOSURES AND REVIEW BY BOARD |
FORM 990, PAGE 6, PART VI, LINE 15A | THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS. THE BOARD IS PRESENTED WITH SALARY DATA FROM OTHER COMPARABLE ORGANIZATIONS PRIOR TO APPROVAL. |
FORM 990, PAGE 6, PART VI, LINE 19 | THE ORGANIZATION MAKES ALL DOCUMENTS AVAILABLE TO THE GENERAL PUBLIC AS REQUIRED BY LAW. |
FORM 990, PART XI, LINE 9 | RENT EXPENSE 60,000 RENT EXPENSE -60,000 |
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