Most Valuable Kids Inc.

“Daryle bobb, founder, and beth bobb, director, are married.”

“No committees have authority to act on behalf of the governing body.”

“No formal policies and procedures exist for the chapters.”

“The 990 is first reviewed by the executive director for information accuracy and by the cfo for financial accuracy. A final review is then done by the president before the return is filed.”

“Compensation is determined by comparing salaries of people in similar positions.”

“All documents are available upon request.”

“Bank charges: program service expenses 0. Management and general expenses 189. Fundraising expenses 0. Total expenses 189. Merchant fees: program service expenses 0. Management and general expenses 1,578. Fundraising expenses 0. Total expenses 1,578. Consulting: program service expenses 11,625. Management and general expenses 11,625. Fundraising expenses 23,250. Total expenses 46,500.”

“Revenue on books not on return 18,998.”

“The organization received contributions of event tickets with a fair value of $599,449 during 2013, of which $18,998 was for 2014 events. These tickets were included in other assets on the balance sheet as of december 31, 2013. However, because the organization does not use or sell the contributions to raise funds but rather passes them on to those who qualify to receive them under the organization's guidelines in accordance with its mission and exempt purpose, there will be no effect on the statement of revenue or statement of functional expenses in regards to ticket activity, thus resulting in a reconciling item to net assets for any tickets contributed but not yet used by december 31, 2013. The $18,998 in donated other assets was reported on the balance sheet for book purposes, not tax purposes, as of december 31, 2013.”

“The organization acts in an agency capacity to match up donations of professional and collegiate sports and entertainment events with those the organization has determined qualify to receive these donations. Because the organization functions primarily to administer this program, the organization's management and general expenses will generally appear high as a percentage of its total expenses. See schedule m for further explanation of event tickets received and donated.”