Yale Polo and Equestrian Center Inc

“The return has been reviewed by the officers and will be provided to all trustees prior to the annual meeting.”

“The yale polo and equestrian center, inc. Reviews all businesses, organizations and individuals who may receive compensation or are involved in business transactions with the yale polo and equestrian center, inc in order to ensure that there is no conflict of interest between those businesses, organizations, and individuals and any member of the yale polo and equestrian center, inc. Furthermore, any member of the yale polo and equestrian center, inc, including, but not limited to, members of the board of directors, shall immediately disclose any conflict of interest to the board. If there is a potential conflict of interest involving any member and the yale polo and equestrian center, inc, the board will review the potential conflict of interest. If a conflict of interest does exist, the member of the yale polo and equestrian center, inc who has a conflict of interest shall refrain from participating, either through discussions or voting, in any decision pertaining to the proposed business transaction or allocation of compensation. If there is a conflict of interest, the conflicted member of the yale polo and equestrian center, inc may make a presentation to the board disclosing all material facts relating to the conflict of interest, including all pertinent financial data. The conflicted member shall then leave, and the board shall discuss the conflict of interest with that member absent. The board shall exercise due diligence in determining whether a more advantageous transaction is available to replace the transaction that gives rise to the conflict of interest. If no other transaction is reasonably feasible or available, the board, absent the conflicted member, shall take a vote in accordance with its bylaws as to whether the transaction in question is in the best interest of yale polo and equestrian center, inc. And should, therefore, be carried out. In order to ensure transparency in the resolution of conflicts of interest, there shall be a record of all proceedings dealing with conflicts of interest. The record shall contain the names of the conflicted parties, the nature of their financial interest, and the results of the investigation into the conflict of interest. Additionally, the names of the parties present during any discussion of a conflict of interest shall be recorded along with the content of the discussion and the results of any vote taken regarding the conflict of interest. Each member of the yale polo & equestrian center, inc. Who exercises direct or delegated decision-making authority on behalf of the yale and equestrian center, inc. Shall, on an annual basis, be given an outline of the conflict of interest policy of the yale polo and equestrian center, inc. And shall sign said policy. Additionally, periodic reviews of the yale polo and equestrian center, inc. And its activities shall be conducted to ensure that the organization and its members are actiing in conformity with the charitable purpose of the yale polo and equestrian center, inc. And are not acting in any way that would jeopardize the non-profit 501(c)3 nature of the yale polo and equestrian center, inc.”

“Part xi, line 8 prior period adjustments. Note: there is a prior period adjustment of $2,974. This adjustment is from updates that were made to the balance sheet after the prior year return was filed that resulted in increased assets of $2,974. This prior period adjustment is being made to tie out to the beginning of year assets on the balance sheet.”