Roadtrip Nation Ltd

“Persons listed in part vii may have a "business relationship" with each other by virtue of sitting on related entities of roadtrip nation, ltd. Boards and by virtue of their employment with related entities of roadtrip nation, ltd.”

“The board is given a copy of the form 990 and related schedules to review before filing.”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person (a) has received a copy of the conflicts of interest policy, (b) has read and understand the policy, (c) has agreed to comply with the policy, and (d) understands the corporation is charitable, and that in order to maintain its federal tax exemption, the corporation must engage primarily in activities which accomplish one or more of its tax-exempt purposes. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, the interested person shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization engages an independent compensation consultant, which runs a market analysis for purposes of determining pay and setting bonus programs. That information is provided to the board in setting compensation and bonus plans.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“The organization has agreed with various entities to deliver specified obligations, generally including but not limited to the production of a road trip, limited permission to use the share your road (syr) portal, and the provision of curriculum. Org has evaluated recognizing revenue earned under these agreements using a variety of methods. Org has evaluated treating some of the amounts as program service, in which you would recognize revenue on a percentage of completion basis. Org has also evaluated treating some of the amounts as contributions, which could result in recognizing revenue upon the satisfaction of any conditions in the agreement. The conclusion of the assessment is that most of the revenue represents contributions with donor-imposed conditions.”

“Contractors: program service expenses 726,416. Management and general expenses 566,262. Fundraising expenses 28,741. Total expenses 1,321,419. Payroll processing expense: program service expenses 7,657. Management and general expenses 5,968. Fundraising expenses 303. Total expenses 13,928. Advertising: program service expenses 43,406. Management and general expenses 33,836. Fundraising expenses 1,717. Total expenses 78,959. Recruiting: program service expenses 15,522. Management and general expenses 12,100. Fundraising expenses 614. Total expenses 28,236.”

“Adoption of revenue recognition accounting standard 59,463. Net asset transfer 2,765,000.”

“Strada education network, inc., a parent organization, transferred a net asset balance of $2,765,000 from roadtrip productions, ltd. To roadtrip nation, ltd. Due to a restructure agreement.”