Tucson Conquistadores Foundation

“A copy of the tax return is distributed to each board member for review and approval prior to filing.”

“The Executive Director has oversight of all transactions and is easily able to assess if there is a possible conflict of interest. If so, the ED would bring the issue to the attention of the board of directors.”

“Annual Reports are available to the public and can be seen on the Arizona Corporation Commission website. The Organization makes its governing documents, policies, and financial statements available to the public upon request.”

“Prior period adjustments -100,166. Prior period adjustments paid in current tax year 341,752.”

“The original return was filed with zero activity. This amended return includes all the activity for the year as follows: Form 990, Lines B - "Address change and "Amended return" are checked. Form 990, Lines C - the current address is listed. Form 990, Line F - the current year principal officer is listed. Form 990, Line G - the current year gross receipts of $580,892 are listed. Part I, Summary - The following lines have changed: The prior year and current year amounts are listed, showing 11 volunteers, total prior year revenue of $1,002,419 and $580,892 for the current year, total prior year expenses of $750,802 and $623,827 for the current year, prior year revenue less expenses of $251,617 and -$42,935 for the current year, and total assets and net assets of $7,193,190 each for the prior year and $7,747,871 for the current year. Part III, Statement of Program Service Accomplishment, Line 4a - The current year expenses of $517,726, including grants of $150,000, and revenue of $54,000 are disclosed. Part IV, Checklist of Required Schedules - The information reflects answers for the current year. The following lines have changed: line 2 and line 21 are answered "yes". Part VI, Governance, Management, and Disclosure - The information reflects answers for the current year. The following lines have changed: lines 20 show the current address. Part VII, Section A, Compensation of Officers - The current year officers are listed, and reportable compensation from related organizations of $108,577 and other compensation of $6,858 is disclosed. Part VIII, Statement of Revenue - The current year revenue of $580,892 is reported. The related or exempt function revenue equals $54,000, and revenue excluded from tax equals $228,310. Part IX, Statement of Functional Expenses - The current year expenses are reported. The program service expenses equal $517,726, the management & general expenses equal $106,101, totaling $623,827 of functional expenses. Part X, Balance Sheet - The prior year and current year amounts are reported. The total assets are $7,193,190 for the prior year and $7,747,871 for the current year, total liabilities are $0 for both years, and the total net assets and the total liabilities and net assets are $7,193,190 each for the prior year and $7,747,871 for the current year. Part XI, Reconciliation for Net Assets - The current year amounts are included as described above, as well as the net unrealized gain on investments of $356,030, and prior period adjustments of $241,586. Schedule A, Part II, Support Schedule - The prior year and current year amounts have been included. The public support equals $1,973,281, the total support equals $4,261,277, and the gross receipts from related activities equals $561,472, resulting in a public support percentage of 46.31%. The correct prior year public support percentage of 44.35% is disclosed. Schedule B has been completed. Schedule B, Part I, Contributors - Eight contributors have been listed, with contributions totaling $187,686. Schedule I has been completed. Schedule I, Part II, Grants and Assistance to Domestic Organizations - One organization is listed, showing support paid of $146,000. Schedule O - Form 990, Part VII, lines (16)(E) and (16)(F) - The disclosure has been removed since it is no longer applicable. Schedule O - Form 990, Part XI, line 9, Changes in Net Assets - The prior period adjustments totaling $242,586 are listed. Schedule R, Part II - Only Tucson Conquistadores, Inc. is listed since Conquistadores Youth Golf Fund no longer is related to the organization. Schedule R, Part V - The information reflects answers for the current year. The following lines have changed: Line 1c has been answered "no", lines 1o and 1p "yes", and the amounts are disclosed on lines 2.”