Central Pennsylvania July 4Th Inc.

“The 990 is available for review by all board members at a board meeting prior to filing of the 990.”

“Compliance with the conflict of interest policy is reviewed each december at a regular review meeting of the board of directors.”

“The Compensation Committee shall be responsible for reviewing and approving Executive Compensation arrangements in accordance with this Board approved Compensation Committee policy and IRS regulations prohibiting excess benefit transactions with disqualified persons. The Compensation Committee may hire independent consultants, outside counsel, or commission special surveys or analyses as it deems necessary to fulfill its responsibilities and functions. The Compensation Committee will follow similar procedures as those prescribed under the intermediate sanctions provisions of the IRS to establish the presumption of reasonableness of compensation for non-profit, tax-exempt organizations. These will include: (1) that executive compensation and benefits will be approved by the Compensation Committee as authorized by the Board through this policy; (2) the Compensation Committee will obtain and rely upon appropriate competitive compensation data as obtained from similarly situated comparable organizations; and (3) the Compensation Committee will adequately document the basis for the determination of compensation and benefits concurrently with any decisions made with respect to Executive Compensation. The Compensation Committee shall be comprised of disinterested individuals, meaning that none have a conflict of interest with respect to the arrangement or transaction, appointed annually pursuant to Section 6.1 of the bylaws. The Compensation Committee shall evaluate whether Executive compensation is appropriate based on comparability data that may include compensation figures for like individuals in similarly situated exempt and non-exempt organizations, independent compensation surveys, other offers of employment for similar services made to the Executive (or disqualified individual), and other credible sources of government or industry data. The Compensation Committee shall obtain compensation data from at least five comparable organizations in the same or similar communities for similar services. The Compensation Committee shall determine the appropriate level of compensation and document its decision with respect to compensation. The documentation shall contain at a minimum, the date of approval of the transaction, its terms, the members present during the approval and their votes therein, action taken with respect to any board member with a conflict, or interest, in the transaction, and the comparability data used in making the determination. The documentation must be concurrent with the decision and, therefore, must be prepared by the next meeting of the Board following the Committee meeting at which the subject transaction was approved or recommended. The Compensation Committee shall also document the reasons for any deviations from a determined level of reasonable accommodation.”

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

“EQUIPMENT RENTAL: Program service expenses 22,553. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,553. EVENT ACTIVITES: Program service expenses 17,239. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,239. ENTERTAINMENT: Program service expenses 12,462. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,462. VOLUNTEER EXPENSES: Program service expenses 9,313. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,313. PARKING: Program service expenses 7,437. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,437. CATERING: Program service expenses 4,205. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,205. EMERGENCY SERVICES: Program service expenses 3,283. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,283. SUPPLIES: Program service expenses 3,194. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,194. LICENSES & PERMITS: Program service expenses 858. Management and general expenses 0. Fundraising expenses 0. Total expenses 858.”

“No changes have been made to the oversight process or selction process of the audit”