TY 2021 Form 990 Schedule O

efile Public Visual Render ObjectId: 202312419349301676 - Submission: 2023-08-29 TIN: 84-2425392

SCHEDULE O
(Form 990)

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.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

GARBO TECHNOLOGY CORP

Employer identification number

84-2425392

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 4	THE BOARD OF DIRECTORS PASSED A RESOLUTION TO INCREASE THE NUMBER OF BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY THE CEO AND DIRECTORS. AFTER ANY QUESTIONS OR CONCERNS HAVE BEEN ADDRESSED, THE RETURN IS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IF AT ANY TIME DURING THE YEAR THE INFORMATION CHANGES, THE DIRECTOR SHALL DISCLOSE SUCH CHANGES AND REVISE THE ANNUAL DISCLOSURE FORM. THE BOARD OF DIRECTORS SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT.
FORM 990, PART VI, SECTION B, LINE 15	CEO, OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS BASED ON MARKET DATA FOR ORGANIZATIONS SIMILAR IN NATURE AND SIZE TO GARBO. ANY EMPLOYEE WHO IS ALSO A MEMBER OF THE BOARD OF DIRECTORS RECUSES HIM/HERSELF FROM A VOTE RELATED TO HIS/HER OWN COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THIS IS THE FIRST YEAR FOR A FINANCIAL STATEMENT AUDIT.
AMENDED FORM 990	THIS RETURN IS BEING AMENDED TO REPORT CHANGES RESULTING FROM A SUBSECQUENT FINANCIAL STATEMENT AUDIT THAT WAS COMPLETED APRIL 10, 2023. PARTS I, III, IV, IX, X, XI AND XII HAVE CHANGED AS HAS SCHEDULE O AND SCHEDULE D HAS BEEN ADDED. PART I: THE SUMMARY HAS CHANGED AS A RESULT OF CHANGES IN PARTS IX AND X. PART III, Q 4A: PROGRAM SERVICE EXPENSES HAS CHANGED CONSISTENT WITH THE CHANGES TO PART IX. PART IV: QUESTIONS 11F AND 12A HAVE BEEN MARKED "YES" AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. PART IX: ADDITIONAL EXPENSES HAVE BEEN RECORDED AND ALLOCATIONS BETWEEN PROGRAM SERVICE, MANAGEMENT AND GENERAL AND FUNDRAISING EXPENSES HAS CHANGED AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. LINE 7, OTHER SALARIES AND WAGES HAS INCREASED BY $1,000 LINE 11B, LEGAL HAS INCREASED BY $10,000 LINE 14, INFORMATION TECHNOLOGY HAS INCREASED BY 12,693 PART X: AS A RESULT OF THE ABOVE CHANGES, ITEMS ON THE BALANCE SHEET HAVE BEEN UPDATED. PART XI: RECONCILIATION OF NET ASSETS HAS BEEN UPDATED AS A RESULT OF THE ABOVE CHANGES. PART XII: QUESTIONS 2B AND 2C HAVE BEEN CHANGED TO "YES" AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. SCHEDULE D HAS BEEN ADDED AS A RESULT OF THE FINANCIAL STATEMENT AUDIT.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 4

THE BOARD OF DIRECTORS PASSED A RESOLUTION TO INCREASE THE NUMBER OF BOARD MEMBERS.

FORM 990, PART VI, SECTION B, LINE 11B

THE FORM 990 IS REVIEWED BY THE CEO AND DIRECTORS. AFTER ANY QUESTIONS OR CONCERNS HAVE BEEN ADDRESSED, THE RETURN IS FILED.

FORM 990, PART VI, SECTION B, LINE 12C

EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A CONFLICT OF INTEREST STATEMENT. IF AT ANY TIME DURING THE YEAR THE INFORMATION CHANGES, THE DIRECTOR SHALL DISCLOSE SUCH CHANGES AND REVISE THE ANNUAL DISCLOSURE FORM. THE BOARD OF DIRECTORS SHALL REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THIS POLICY BY REVIEWING ANNUAL STATEMENTS AND TAKING SUCH OTHER ACTIONS AS ARE NECESSARY FOR EFFECTIVE OVERSIGHT.

FORM 990, PART VI, SECTION B, LINE 15

CEO, OFFICER AND KEY EMPLOYEE COMPENSATION IS REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS BASED ON MARKET DATA FOR ORGANIZATIONS SIMILAR IN NATURE AND SIZE TO GARBO. ANY EMPLOYEE WHO IS ALSO A MEMBER OF THE BOARD OF DIRECTORS RECUSES HIM/HERSELF FROM A VOTE RELATED TO HIS/HER OWN COMPENSATION.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.

FORM 990, PART XII, LINE 2C:

THIS IS THE FIRST YEAR FOR A FINANCIAL STATEMENT AUDIT.

AMENDED FORM 990

THIS RETURN IS BEING AMENDED TO REPORT CHANGES RESULTING FROM A SUBSECQUENT FINANCIAL STATEMENT AUDIT THAT WAS COMPLETED APRIL 10, 2023. PARTS I, III, IV, IX, X, XI AND XII HAVE CHANGED AS HAS SCHEDULE O AND SCHEDULE D HAS BEEN ADDED. PART I: THE SUMMARY HAS CHANGED AS A RESULT OF CHANGES IN PARTS IX AND X. PART III, Q 4A: PROGRAM SERVICE EXPENSES HAS CHANGED CONSISTENT WITH THE CHANGES TO PART IX. PART IV: QUESTIONS 11F AND 12A HAVE BEEN MARKED "YES" AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. PART IX: ADDITIONAL EXPENSES HAVE BEEN RECORDED AND ALLOCATIONS BETWEEN PROGRAM SERVICE, MANAGEMENT AND GENERAL AND FUNDRAISING EXPENSES HAS CHANGED AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. LINE 7, OTHER SALARIES AND WAGES HAS INCREASED BY $1,000 LINE 11B, LEGAL HAS INCREASED BY $10,000 LINE 14, INFORMATION TECHNOLOGY HAS INCREASED BY 12,693 PART X: AS A RESULT OF THE ABOVE CHANGES, ITEMS ON THE BALANCE SHEET HAVE BEEN UPDATED. PART XI: RECONCILIATION OF NET ASSETS HAS BEEN UPDATED AS A RESULT OF THE ABOVE CHANGES. PART XII: QUESTIONS 2B AND 2C HAVE BEEN CHANGED TO "YES" AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. SCHEDULE D HAS BEEN ADDED AS A RESULT OF THE FINANCIAL STATEMENT AUDIT.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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