Targetcancer Foundation Inc.

“Kristen Palma Poth, President/Director, and James Palma, Executive Director, have a family relationship.”

“The original annual Form 990 (along with a copy for them to retain for their records), as prepared by an independent public accounting firm, is submitted to the President, Kristen Palma Poth, for her review and signature prior to filing with the IRS. At that same time, a copy of Form 990 is also provided to the Executive Director, James Palma, for his review so any comments, questions, or concerns he may have can be raised before the original signed form is filed.”

“In accordance with Articles VI and VII of the Organization's bylaws, annual statements and periodic reviews are conducted to ensure compliance with the conflict of interest policy.”

“Independent members of the board of directors review and approve the annual salary of the Executive Director and sole employee James Palma based on comparable salaries of similarly situated persons performing similar duties of similar size non-profit organizations.”

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

“Accrual to Cash Adjustment -18,332.”

“For strategic fundraising purposes, the Foundation moved its annual gala from the fall to the spring. As a result, no gala took place during the fiscal year covered by this return which led to the appearance of a decrease in programatic funding by way of grants for cancer research. Additionally, during the fiscal year covered by this return, the Foundation made prepayments of certain expenses for the 2019 gala. The Foundation's return is prepared on a cash basis of accounting. Therefore, these expenses were reported in Part IX, Line 24a, Column D which gives the appearance of a disproportionate amount of fundraising expenses on the Form 990 relative to expenses as a whole. This presentation will be reversed on the tax return for the fiscal year ending 1/31/20.”