Rides Unlimited of New York Inc

“The organization delegated control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to family residences and essential enterprises (free).”

“As a result of management and the board's decision to cease operations a formal plan of dissolution was adopted.”

“Rides does not have any acting committees.”

“The organization's management prepares the information for the form 990 and the outside auditors prepare the 990. The board is provided a copy of the draft by email and has the opportunity to discuss any questions prior to submission to the irs.”

“All officers and directors are required to sign the conflict of interest statement on an annual basis and all parties are required to disclose any changes in conflict of interest throughout the year. This document is reviewed by the organization's chief compliance officer for all conflicts and completeness. All known conflicts are disclosed to the ceo and the governing body as required.”

“Free, who provides management services, uses and outside independent accounting consulting firm with expertise in the not-for-profit industry to perform a compensation analysis for the ceo and other corporate officers. The compensation analyses include the following: compensation surveys based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of this compensation analysis are presented to the compensation committee of the board of directors, who reviews the analysis to determine the appropriate compensation levels and ensure compliance with the due diligence guidelines as outlined in irc 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes and board resolutions.”

“The organization makes their financial statements, governing documents and conflict of interest available as requested by outside agencies and the general public.”

“On january 1, 2017, rides decided to cease operations effective august 4, 2017. As a result of the adoption of a formal plan of dissolution, rides' activities are now limited to wind down activities. Management's goal is to liquidate all of its remaining assets and payoff its remaining liabilities.”

“Net loss on discontinued operations -351,656.”

“The board of directors for rides is responsible for the review of the audited financial statements and selection of an independent accountant. This process has not changed from the prior year.”