Return Reference | Explanation |
---|---|
FORM 990, PART VI, SECTION A, LINE 2 | LINE 2 EXPLANATION - THE BOARD PRESIDENT AND TREASURER ARE HUSBAND AND WIFE. THE POSITIONS OF PRESIDENT AND TREASURER OF THE CORPORATION ARE NON-VOTING POSITIONS. BOTH INDIVIDUALS RECEIVED COMPENSATION WHICH IS REPORTED ON PART VII. |
FORM 990, PART VI, SECTION B, LINE 11B | LINE 11A EXPLANATION - BOARD MEMBERS ARE PROVIDED WITH A COPY OF FORM 990 TO REVIEW AND DISCUSS PRIOR TO SIGNING AND SUBMITTING EFILE AUTHORIZATION. |
FORM 990, PART VI, SECTION B, LINE 15B | THE BOARD CONSIDERED COMPENSATION LEVELS OF SIMILAR POSISITONS AND SKILL LEVELS AT COMPARABLE INSTITUTIONS AND PAST COMPENSATION, INCLUDING THE MANY YEARS WHEN THE FOUNDER RECEIVED NO COMPENSATION, ADJUSTED FOR THE TIME VALUE OF MONEY, EVALUATED THE EXISTING COMPENSATION STRUCTURE AT THE SCHOOL TO DETERMINE THE AMOUNT IT CONSIDERED TO BE A REASONABLE AMOUNT OF DEFERRED COMPENSATION. THE DEFERRED COMPENSATION AGREEMENT WAS APPROVED BY THE BOARD WITHOUT INPUT OR INFLUENCE BY ANY CONFLICTED PARTIES. |
FORM 990, PART VI, SECTION C, LINE 19 | ALL RECORDS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST AT THE SCHOOL SITE. THE TAX RETURNS ARE POSTED ON THE IRS AND GUIDESTAR WEBSITES. |
990, PART XII, LINE 2C FINANCIAL STATEMENTS AND REPORTING | THE BOARD REVIEWS THE AUDIT AND TAX RETURN PRIOR TO FINALIZATION. |
Software ID: | |
Software Version: |