USO of Metropolitan New York Inc

“The final form 990 is reviewed by the controller, audit committee and executive committee of the united service organizations, inc. (surviving entity after execution of merger agreement) and then distributed to the entire united service organizations, inc. Board of governors before filing with the irs.”

“The organization has a conflict of interest policy applicable to all trustees, officers and key employees. All applicable individuals are required to sign a conflict of interest agreement annually, disclosing any possible conflict of interest and be given the opportunity to disclose all material facts to the ceo who informs the executive committee. After disclosure of the all material facts, and after any discussions with the interested person, he/she leaves the committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining, disinterested committee members decide if a conflict of interest exists. The committee determines by a majority vote of the disinterested committee members whether a conflict exists. Deliberation and decisions are recorded in the minutes of the board. Annual disclosure statements are reviewed annually by the executive committee.”

“At the direction of the executive committee, the board regularly retains a third party consultant to review and determine the competitiveness of total compensation for the organization's ceo, officers and key employees in relation to peer organizations and other not-for-profit organizations, and to provide information and guidance regarding the reasonableness and appropriateness of total compensation to ensure compliance with the intermediate sanctions provisions of the internal revenue code. Furthermore, the executive committee reviews and documents annually compensation for all employees. This review process was last undertaken in 2020.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is make available upon written request to the united service organizations, inc. (surviving entity after execution of merger agreement).”

“Loss on uncollectible pledges -13,897. Inventory valuation adjustment due to obsolescence -3,325,321.”

“The organization's financial statements were audited by an independent accountant as of september 30, 2021. Effective october 1, 2021, uso national became the surviving corporation due to merger, and the filing organization became the disappearing organization on that date. Therefore, the organization's tax year is ending october 1, 2021.”

“As a result of the merger with united service organizations, inc. (surviving entity), responsibility for oversight of the audit of its financial statements has been transitioned to the united service organizations, inc. Audit committee.”