Baps Charities Inc.

“A tentative draft of this form 990 (before it is finalized and sent to irs) is sent to the organization's governing body which reviews and discusses the return along with the underlying finanical statements. Any suggested changes or comments and questions are then discussed with the cpa.”

“The organization makes it mandatory for the individual to disclose his/her interests in a transaction that he/she may be involved in.”

“There are no compensated officers, directors, or trustees.”

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

“Investment income consist of: (1) interest & dividend income from investments - $172,206; (2) interest income from investments from cd's - $7,117; and (3) interest income from money market - $423”

“The organization aims to serve individuals, families, and communities in need around the world by (a) providing health care through the creation of well-staffed hospitals, clinics, dispensaries and organizing awareness programs and outreach seminars; (b) building self-supporting educational institutions and helping sustaining existing educational programs to provide quality, value-based education for children; (c) protecting our natural resources by creating innovative sustainable solutions that promote the responsible use of the earth's ecosystems and resources; (d) empowering underprivileged individuals with education and skills to raise strong and united families and in turn, strengthen and stabilize their local communities; (e) investing in the future of children and youth by inspiring learning, self-reliance, family respect, social responsibility, cultural pride, and moral integrity; (f) engaging in activities aimed at strengthening family unity and harmony in the community at large and promoting socio-economic development initiatives with deprived families; (g) providing relief support to survivors of natural disasters; and (h) providing support to other nonprofit organizations engaged in such activities.”

“Service fees: program service expenses 514,000. Management and general expenses 120,000. Total expenses 634,000. Lab service fees: program service expenses 5,197. Total expenses 5,197. Outside services: management and general expenses 209,221. Total expenses 209,221.”

“Bank charges: program service expenses 0. Management and general expenses 15,099. Fundraising expenses 0. Total expenses 15,099. License and permits: program service expenses 300. Management and general expenses 5,170. Fundraising expenses 0. Total expenses 5,470. Telephone expnese: program service expenses 0. Management and general expenses 896. Fundraising expenses 0. Total expenses 896. Audio video expenses: program service expenses 818. Management and general expenses 0. Fundraising expenses 0. Total expenses 818.”

“The organization has adopted financial accounting standards board accounting standards update (asu) 2016-14, "presentation of financial statements of not-for-profit entities", effective for the fiscal years beginning after december 15, 2017. The organization undertakes programs for promoting health care, building educational institutions, investing in youth development, etc. And hence, certain costs have been allocated among program services and supporting services benefitted.”

“Other changes in net assets include $401,732 and $30,705 of funds that were contributed for disaster relief and educational programs, respectively, (classified as donor restricted); as well as $349,003 and $25,261, respectively, that were released from restrictions and used for those programs 58,173.”

“Management is responsible for oversight of the engagement and selection of an independent accountant.”