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
THE FURNITURE TRUST ORGANIZATION INC
 
Employer identification number

26-2607677
Return Reference Explanation
FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR DISCUSSION AND APPROVAL BEFORE IT IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C QUESTIONNAIRES ARE SENT OUT ANNUALLY AND MUST BE SIGNED BY BOARD MEMBERS TO ENSURE THAT NO CONFLICTS OF INTEREST HAVE OCCURRED DURING THE YEAR. BOARD MEMBERS ARE PRECLUDED FROM TAKING PART IN ANY APPROVAL OF ACTIVITIES IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DOES AN ANNUAL REVIEW OF ALL EMPLOYEE COMPENSATION BASED ON AVAILABLE DATA AND EMPLOYEE PERFORMANCE REVIEWS. BOARD DISCUSSES COMPENSATION INCREASES AND VOTES TO APPROVE OR DISAPPROVE.
FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE FOR PUBLIC REVIEW.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS TAX RETURNS AND TAX EXEMPT APPLICATION DOCUMENTS AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE UPON REQUEST, AND IS ALSO POSTED ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 990-T.
FORM 990 MULTIPLE LINES - SEE EXPLANATION FORM 990 IS BEING AMENDED TO REDUCE WAGES BY THE AMOUNT OF THE EMPLOYEE RETENTION CREDIT CLAIMED FOR THE YEAR. LINE ORIGINAL AMOUNT CORRECT AMOUNT 990 PART I LINE 15 - SALARIES 185,502 163,160 990 PART I LINE 18 - TOTAL EXPENSES 3,272,640 3,250,298 990 PART I LINE 19 - REV. LESS EXP. -6,816 15,526 990 PART III LINE 4A - EXPENSES 3,189,352 3,167,010 990 PART III LINE 4E - PROG. EXP. 3,189,352 3,167,010 990 PART IX LINE 7A - OTHER SAL. 89,627 67,285 990 PART IX LINE 7B - OTHER SAL. 65,428 43,086 990 PART IX LINE 25A - TOTAL EXP. 3,272,640 3,250,298 990 PART IX LINE 25B - TOTAL EXP. 3,189,352 3,167,010 990 PART X LINE 16 - TOTAL ASSETS 429,812 452,154 990 PART X LINE 27 - NET ASSETS W/O 366,599 388,941 990 PART X LINE 32 - TOTAL NET ASSETS 366,599 388,941 990 PART X LINE 33 - TOTAL LIABILITIES 429,812 452,154 990 PART XI LINE 2 - TOTAL EXPENSES 3,272,640 3,250,298 990 PART XI LINE 3 - REV. LESS EXP. -6,816 15,526 990 PART XI LINE 10 - NET ASSETS 366,599 388,941
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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