Wgo Foundation

“Line 3 explanation - the organization is managed by executive director incorporated, a for-profit management company.”

“The foundation went through dissolution”

“Line 11b explanation - a copy of the draft 990 is made available to the governing body before the return is filed. After review, any subsequent feedback provided by the governing body is included in the final return.”

“The organization's policy covers all board of directors. The determination and review of potential conflicts can happen both the board and management levels. To ensure the organization operates in a manner consistent with its scientific and educational purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted by the board and appropriate actions taken should it be determined a conflict exists (recusal from voting, etc.)”

“The organization is managed by executive director incorporated, a for-profit management company.the organization has no official employees because all staff assigned to the organization are employees of the management company. The organization does not compensate directors, other top officials, nor has anybody that fits the definition of a key employee. The management contract includes providing office facilities, management, record-keeping, accounting, storage, other significant services, and related overhead costs. The organization's management fee is compared to data from the benchmarking series publication-operating ratio report provided by asae & the center industry research and is approved by the organization's board of directors. This data outlines percentages of an organization's budget spent on expense line items included in the organization's management fee. The organization is managed by executive director incorporated, a for-profit management company.the organization has no official employees because all staff assigned to the organization are employees of the management company. The organization does not compensate directors, other top officials, nor has anybody that fits the definition of a key employee. The management contract includes providing office facilities, management, record-keeping, accounting, storage, other significant services, and related overhead costs. The organization's management fee is compared to data from the benchmarking series publication-operating ratio report provided by asae & the center industry research and is approved by the organization's board of directors. This data outlines percentages of an organization's budget spent on expense line items included in the organization's management fee.”

“All governing documents are either available on the organization's website or available upon request.”

“The organization went through dissolution during 2020”

“TRANSFER TO WGO 603,270.”

“The organization switched to accrual basis of accounting.”

“This process has not changed from prior year.”