Sacred Earth Foundation

“Tim and laurie southworth are married. The conflict of interest policy is followed.”

“MISSION WAS UPDATED.”

“The 990 is made available to the full board of directors prior to submission. Both the treasurer and board president provide a detailed review and make a recommendation to the board for approval. Upon approval, the treasurer or board president are each authorized to sign the 990 on behalf of the board.”

“There is a written conflict of interest policy that all board members are required to sign. They are also required to disclose any conflicts of interest annually and as they arise.”

“Human resources committee performs reviews for leadership employees, determines compensation and presents to the board for final approval, based on the annual budget.”

“Human resources committee performs reviews for leadership employees, determines compensation and presents to the board for final approval, based on the annual budget.”

“990 is on website and by request. Other documents are avaialble by request.”

“In the original 2018 990 filing, capital expenses from road construction completed in november 2018 and a new bunkhouse (under construction but incomplete during 2018) were treated as repairs and maintenance in error. This amendment re-allocates these repair and maintenance expenses from part ix, row 24b as balance sheet items. Additions are accordingly made to fixed assets (part x, line 10a), accumulated depreciation (part x, line 10b) and supplemental financial statements (schedule d, part vi, row 1e) for the new road construction, as well as to other assets (part x, line 1) for the bunkhouse under construction. Unrestricted net assets (part x, line 27) as well as program service expenses (part iii, lines 4a, 4b, and 4c) are are also adjusted to reflect the decrease in repair and maintenance expenses during 2018 and increase in depreciation expenses.”

“The adjustment of $847,809 is due to several parcels of land owned by sacred earth foundation prior to 2010 (the year of our first form 990) having not been properly included on the balance sheet. The inaccuracy was created by a combination of staff inexperience and the inability of multiple cpas to correct it. For 2018, we undertook a significant correction to record the correct value of sef lands, based on purchase price (or assessed value when purchase records were not available). The total correction to land value added $851,204 to the balance sheet. Additional minor corrections and adjustments caused a downward adjustment of $3,395, for the total adjustment of $847,809 reported in part xi.”