Team Walker Inc.

“The 990 return is reviewed by both the chairman and the president of the board of trustees and signed by the president. The form 990 is distributed to all board members before it is filed.”

“The organization requires all board members to sign a conflict of interest policy statement when they become board members. Individual board members must declare any potential conflict of interest to the board and, if necessary, resign.”

“The board members determine the compensation of the board president.”

“The form 990 is available at www.foundationcenter.org and www.guidestar.org or by calling the team walker, inc. Headquarters.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public through its website.”

“The organization restated its financial statements for the year ended december 31, 2022 to reflect the following changes to the statement of revenue: contributions increased from $1,705,725 to $1,787,969, an increase of $82,244. Fundraising income decreased from $39,628 to $17,340, a decrease of $22,288. Net income from fundraising events decreased from $0 to $(22,288), a decrease of $22,288.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements. For calendar year 2022, the organization has not changed its selection of an independent auditor.”

“Form 990, part x, assets, liabilities and net assets: the organization restated its financial statements for the year ended december 31, 2022 to reflect the following changes to the balance sheet: an increase in pledges and grants receivable from $343,938 to $403,894, an increase of $59,956. A decrease in prepaid expenses from $10,000 to $0, a decrease of $10,000. A decrease in land, buildings & equipment from $2,720,593 to $2,717,563, a decrease of $3,030. An increase in accounts payable and accrued expenses from $51,735 to $73,384, an increase of $21,649. A decrease in net assets without donor restrictions from $1,772,663 to $1,654,056, a decrease of $118,607. An increase in net assets with donor restrictions from $295,000 to $438,884, an increase of $143,884.”

“The organization restated its financial statements for the year ended december 31, 2022 to reflect the following changes to the statement of functional expenses: other salaries increased from $509,198 to $535,847, an increase of $26,649. Other employee benefits decreased from $5,000 to $0, a decrease of $5,000. Other fees increased from $55,912 to $56,072, an increase of $160. Office expenses decreased from $32,482 to $16,392, a decrease of $16,090. Information technology decreased from $481 to $321, a decrease of $160. Interest increased from $18,922 to $32,236, an increase of $13,314. Depreciation decreased from $50,595 to $50,311, a decrease of $284. Other expenses increases from $49,898 to $65,988 an increase of $16,090.”