Indian Creek Foundation

“The organization acts as a representative payee for many clients. The responsibility of indian creek foundation as representative payee for individuals includes assurance that each individual receives ongoing counseling concerning the availability of funds and property and what expenses are being paid on his or her behalf. The individual persons' balances and spending patterns are reviewed to determine if the person has the adequate funds to meet present and projected financial needs. The comingling of individual funds with agency operational funds and the borrowing of funds between individuals and staff and the use of individual's money for rewards in behavior-management programs is prohibited. A ledger of receipts and disbursements is maintained and reconciled on a monthly basis and regular internal audits are performed.”

“Indian creek is a non-profit corporation as described in section 501(c)(3) of the internal revenue code and is exempt from federal income taxes pursuant to section 501(a) of the internal revenue code. Indian creek is also exempt from pennsylvania taxation under the applicable provisions of the commonwealth's non-profit organization statutes. The organization utilizes accounting standards codification 740-10, accounting for uncertainty in income taxes, as it relates to uncertain tax positions. Management has reviewed its current and past federal and state income tax positions, and has determined that the tax positions taken are certain and there is no likelihood that a material tax assessment would be made if the respective government agencies examined tax returns subject to audit. Accordingly, no provision for the effects of uncertain tax positions has been recorded, nor have any related interest and penalties been accrued. The irs and state taxing authorities retain the right to review filed tax returns, generally for three years after they were filed. However, indian creek is no longer subject to income tax examinations for years prior to 2013, is not currently under audit, and has not been contacted by any of these tax jurisdictions.”