Florida Sheriffs Youth Ranches Inc.

“During the tax year, the Organization made the following changes to its governing documents: Directors: The provisions governing the election and duties of the Board of Directors were moved from the Articles of Incorporation to the Bylaws. The minimum number and qualifications for directors of the Organization were updated. The duties for directors of the Organization were added and are articulated in the bylaws. Officers: The duties and roles for certain officers of the Organization were updated in the Bylaws. The positions of President, vice presidents, and assistant secretaries were added as officers. Provisions were added to permit the payment of reasonable compensation to officers who are not directors of the Organization. Dissolution: A provision was added to the Articles of Incorporation requiring the distribution of all assets for one or more exempt purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code upon the Organization's dissolution.”

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The Organization's conflict of interest policy is distributed to each member of the Organization's governing body and its officers as well as all staff. Annually, board members, officers, and key staff are required to acknowledge that (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The Board of Directors (all of whom are independent with respect to the Organization's President) determines the compensation for the Organization's President, including the President's deferred compensation arrangement, taking into consideration historical data for salaries within the Organization as well as general market conditions and prevailing levels of compensation in the market. In addition, the Board has established a formal Classification and Pay Plan which addresses all staff positions within the Organization. These procedures are followed to ensure that compensation arrangements for the Organization's key leaders are reasonable and appropriate.”

“The Organization makes its annual Form 990 available on the Organization's website. The Form 1023 and annual Form 990-T are available upon request.”

“The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements. Additionally, the Organization makes its financial statements available on the Organization's website.”

“William Frye, Jr., serves both Florida Sheriffs Youth Ranches, Inc. and a related 501(c)(3) organization, Sheriffs Ranches Enterprises, Inc. In 2016, Sheriffs Ranches Enterprises, Inc. reimbursed Florida Sheriffs Youth Ranches, Inc. for the estimated value of the services rendered to Sheriffs Ranches Enterprises, Inc. in the amount of $28,896.”

“Change in self-funded health insurance plan liability -26,692. Change in value of split-interest agreements -85,289.”

“The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”