Pipeline Inc.

“The form 990 is prepared by an independent third party accounting firm. An electronic draft copy of the 990 is then forwarded to the organization's governing body. The draft 990 is reviewed by the governing body and any significant issues or suggestions are discussed. Revisions, if applicable, are made to the draft 990. The revised 990 is signed off on by the board chair, trasurer, and president. It is then signed by an officer who is authorized by the organizations bylaws to do so.”

“An inspection is performed on an annual basis to monitor compliance with the conflict of interest policy.”

“The board chair in conjunction with two other board directors, whom are all independent, make up a subcommittee. Members of the subcommittee serve on other boards and have general knowledge of compensation for similar for profit and not-for-profit organizations, which is taken into account to determine compensation for the president. A written employment contract is drafted. The employment contract and compensation amount are then approved by the independent members of the board of directors.”

“The organization makes its governing documents and financial statements available to the public upon request. Interested parties may request these documents from the organization at 913-307-0004. The 990 is available on the greater kansas city community foundation website at www.gkccf.org.”

“Contract labor: program service expenses 152,698. Management and general expenses 18,632. Fundraising expenses 0. Total expenses 171,330.”

“Telephone/internet: program service expenses 0. Management and general expenses 4,972. Fundraising expenses 0. Total expenses 4,972. Misc: program service expenses 1,082. Management and general expenses 2,307. Fundraising expenses 0. Total expenses 3,389. Bank charges: program service expenses 0. Management and general expenses 911. Fundraising expenses 0. Total expenses 911. Cap exp: program service expenses 0. Management and general expenses 164. Fundraising expenses 0. Total expenses 164.”

“Pipeline, inc. Has been reporting the form 990 on accrual basis and the tax return has previously been marked cash basis. The correct method of accounting has be reported as accrual for the 2018, it was not a change of accounting method but a correction of prior reporting method.”