Return Reference | Explanation |
---|---|
FORM 990, PAGE 6, PART VI, LINE 11B | THE EXTERNAL ACCOUNTING FIRM PREPARES FORM 990 AND SUPPLEMENTAL SCHEDULES AS SOON AS POSSIBLE AND FORWARDS A DRAFT OF THE RETURN TO THE EXECUTIVE DIRECTOR AND GOVERNING BOARD FOR REVIEW. THE EXECUTIVE DIRECTOR RECEIVES ALL BOARD MEMBERS' COMMENTS (IF ANY) AND RELAYS THEM TO THE CPA FIRM FOR ANSWERS. ONCE THE EXECUTIVE DIRECTOR AND BOARD HAS APPROVED 990 AND SUPPLEMENTAL SCHEDULES INSTRUCTIONS ARE GIVEN TO THE EXTERNAL ACCOUNTING FIRM TO PREPARE A FINAL VERSION OF THE RETURN FOR SIGNATURE OR ELECTRONIC FILING. THE EXECUTIVE DIRECTOR RECEIVES AN ELECTRONIC COPY OF THE RETURN FOR RECORD KEEPING. EVERY EFFORT WILL BE MADE TO FILE THE RETURN IN A TIMELY MANNER WITH THE INTERAL REVENUE SERVICE. |
FORM 990, PAGE 6, PART VI, LINE 12C | 1.CONTRACTS, TRANSACTIONS, OR ARRANGEMENTS OF THE ORGANIZATION IN WHICH A DIRECTOR OR EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST SHALL NOT BE PROHIBITED, BUT THEY SHALL BE SUBJECT TO SCRUTINY. ANY SUCH PROPOSED CONTRACT, TRANSACTION, OR ARRANGEMENT (COLLECTIVELY, "ARRANGEMENT") IS TO BE REVIEWED TO DETERMINE THAT IT IS IN THE BEST INTEREST OF THE ORGANIZATION. 2.FOR THE PURPOSE OF THIS POLICY, A DIRECTOR OR EMPLOYEE HAS A DIRECT OR INDIRECT FINANCIAL OR OTHER MATERIAL INTEREST IN A PROPOSED OR EXISTING ARRANGEMENT IF HE OR SHE, OR ONE OF HIS OR HER RELATIVES: A)HAS A SUBSTANTIAL FINANCIAL INTEREST DIRECTLY IN THE PROPOSED OR EXISTING ARRANGEMENT; OR B)HAS A SUBSTANTIAL FINANCIAL INTEREST IN ANY OTHER ORGANIZATION THAT I ( IS A PARTY TO THE PROPOSED OR EXISTING ARRANGEMENT; ) OR II ( IS IN ANY WAY INVOLVED IN THE PROPOSED OR EXISTING ARRANGEMENT, INCLUDING THROUGH THE PROVISION OF SERVICES IN CONNECTION THEREWITH (AN "INVOLVED ORGANIZATION"); OR C)HOLDS A POSITION AS TRUSTEE, DIRECTOR, OFFICER, MEMBER, PARTNER, OR EMPLOYEE IN ANY SUCH PARTY OR INVOLVED ORGANIZATION. A DIRECTOR'S OR EMPLOYEES' FINANCIAL INTEREST WILL BE CONSIDERED SUBSTANTIAL IF IT INVOLVES: A)AN OWNERSHIP OR INVESTMENT INTEREST REPRESENTING MORE THAN 1% OF THE OUTSTANDING SHARES OF A PUBLICLY TRADED COMPANY OR 5% OF THE OUTSTANDING SHARES OR COMPARABLE INTEREST OF A PRIVATELY OWNED COMPANY WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WHICH IS AN INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT; OR B)AN OWNERSHIP OR INVESTMENT INTEREST, WHICH PRODUCES A SIGNIFICANT AMOUNT OF INCOME FOR OR CONSTITUTES A SIGNIFICANT PART OF THE NET WORTH OF THE DIRECTOR OR EMPLOYEE, OR A RELATIVE OF THE DIRECTOR OR EMPLOYEE, IN ANY ENTITY WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WHICH IS AN INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT; OR C)A COMPENSATION ARRANGEMENT OF ANY KIND WITH ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION HAS OR IS NEGOTIATING AN ARRANGEMENT OR WITH ANY INVOLVED ORGANIZATION WITH RESPECT TO THE ARRANGEMENT. |
FORM 990, PAGE 6, PART VI, LINE 19 | COPIES OF DOCUMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST. |
FORM 990, PART XI, LINE 9 | DISTRIBUTIONS TO OWNERS -21,866 |
Software ID: | |
Software Version: |