Ocean State Business Development Authority Inc

“The organization accounts for certain tax positions in accordance with topics of the fasb accounting standards codification. This guidance increases the relevancy and comparability of financial reporting by clarifying the way entities account for uncertainties in income taxes for tax positions taken or expected to be taken. The adoption of this guidance resulted in no change to net assets and no increase in accrued liabilities. The organization has evaluated its accounting and tax positions, including its properly approved and maintained non-profit status, and is of the opinion that more likely than not policiesand positions it has adopted will remain unchanged. The organization files non-profit information returns in the u.s. Federal jusrisdiction which has a statute of limitations of three years.”

“The corporation hasone class of members. There shall be at least 25 individuals who are representative of the corporation's area of operations. The membership of the corporation include representatives of each of each of the following categories: (1) local and state government, (2) private lending institutions, (3) community organizations, (4) business organizations.”

“Directors are elected by members at the annual meeting.”

“The organization's treasurer performs a detailed review of the return. The filing is approved by the board of directors.”

“The governing documents and financial statements are available upon request.”

“The process has not been changed from the prior year.”

“Continuing Education 1154. 1154. 0. 0.”

“Dues & Subscriptions 1106. 1106. 0. 0.”

“State & local taxes 659. 659. 0. 0.”