Street Grace Inc

“The organization does not have any committees with authority to act on behalf of the governing body. This question was answered "no" in accordance with the instructions.”

“Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS.”

“The organization requires all officers and board members to annually complete and sign a conflict of interest questionnaire. The Board Chair is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the board member or officer would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“Line 15a - The independent board reviews the compensation of the President annually. Comparability data was used, and this process was contemporaneously substantiated. Line 15b - The organization does not compensate any other officers or key employees. Therefore, this line was answered "no" in accordance with the instructions.”

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

“Professional Fees: Program service expenses 88,619. Management and general expenses 7,761. Fundraising expenses 33,912. Total expenses 130,292.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 12/31/2018. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $ 205,379 Line 29 - Net assets with donor restrictions $ 190,478 Total net assets $ 395,857”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”