The Sparklers Imperial Knights Inc

“The sparklers imperial knights have two board members who are related due to the nature of the program. A husband/wife team who have been with the sparklers for the past several years. All board members are selected from parents of the twirlers and/or other board members, who are / or were former parents from the dedication that has been to the shown to the organization from over the years.”

“The sparklers imperial knights had updated their bylaws and organizational documents in july/august 2018. The changes had no bearing on current status of the organization for as of june 2019.”

“All parents of the twirlers are considered to be members of the organization. At the annual parent meeting they are presented with the financial report summary from the past year, policies and schedules for the coming season.”

“In general, the financials as well as the preliminary draft copy of the 990 is given to the the sparklers 990, and copies are left for the board members with time to review.”

“A conflict on interest policy was adopted in 2007 as part of the sarbanes-oxley regulations. This was adopted as an overall amendment in addition to a whistle blowers policy and records policy.”

“Top management only receives compensation for excessive time spent in preparing for special events: a) linda peters - compensated for time associated with the time spent on coaching the girls in the main facility which is the majority of the time during the year. Outside of the coaching, time is spent with the tournaments, financial audits and summer camp. B) lisa brajevich - is compensated for the time spent on coaching of one of the teams at a local school.”

“Two of the board members receive compensation for their duties involve with non board member related duties but with the organzational duties. Top managment receives compensation for time spent with coaching and any excessive time spent, if any preparing for special events such as the june recital which is considered nominal. One other trustee board member also receives compensation as she is also a coach.both receive a 1099-misc at year-end”

“Documents are avaliable for public inspection upon written notice receivedby the sparklers imperial knights inc.”

“Bingo operations had ceased in january of 2017, only to resume to in july 2018 on a limited basis. During this time, the sparklers twirling had limited both their expenses and competitions attended including the nationals held in the summer 2017, relied more on other forms of fundraising, as well as increase membership dues per girl to help subsidize the loss of the bingo revenue.membership revenue collected for the current year was $ 44,540.”

“ACCOUNTING FEES”

“OPERATING EXPENSES”

“Reporting of certain revenue or expense classification from prior year may have occurred due to comparative purposes due to internal accounting changes in the current year.”