Madala

“A majority of the directors shall be designated by National Christian Charitable Foundaton, Inc. (NCF), the NCF directors. The NCF directors shall each be a person who is not a disqualified person as that term is described in Section 4946 of the Internal Revenue Code.”

“The organizations treasurer reviews the statements with the president. A complete package of information is given to the EA to prepare the Form 990. The organizations director assigned to review the tax return works with the EA during the entire tax return preparation process and dialogues all issues during the tax return preparation process. After the EA and the assigned director agree that the return is accurate and complete, the final draft of the Form 990 is reviewed by the the entire board.”

“The organization requires officers, directors, and key employees to complete an annual conflict of interest statement acknowledging receipt and review of the policy and adequately disclosing the nature of any potential conflicts. If a conflict of interest is present, after the interested party provides all pertinent details regarding the potential conflict, the subject officer, director, or key employee is recused from any further discussion, deliberation or voting on the matter. The governing body or a relevant committee will then review the potential conflict and determine an appropriate course of action in accordance with the conflict of interest policy.”

“The board reviews the IRS 990 forms from other similar organizations located in Colorado in order to determine the compensation of MADALAs executive director. Contemporaneous substantiation regarding the deliberation and decision is created and filed with the organizations governing documents.”

“Available upon request.”

“The organization makes public its contact information and upon request, it will, within two business days, provide a copy of its governing and financial statements.”

“PART VI, SEC A, Line 1A:A MAJORITY OF DIRECTORS ARE APPOINTED BY THE SUPPORTED ORGANIZATION (NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. OR NCCF). CERTAIN NCCF DIRECTORS ARE NOT CONSIDERED INDEPENDENT SINCE THEY RECEIVE COMPENSATION FROM NCCF FOR SERVICES PROVIDED TO NCCF.”

“The organization has done a thorough analysis to determine if it has any reportable unrelated business income (ubi). We have concluded that the organization has no ubi and therefore, has no 990-t filing requirement for this tax year.”