Cny (Connectny) Inc

“There shall be two (2) classes of institutional members comprised exclusively of colleges, universities and other institutions of higher learning responsible for the operation of a library or libraries, to wit: sustaining members and affiliated members.”

“Sustaining members have the right to appoint 1 voting director to serve on the board of directors.”

“A copy of the return is provided to the members of the governing board before the return is filed with the irs.”

“Prior to election and annually thereafter, members musst file a disclosure statement to identify any potential or actual conflicts of interest. These statements are submitted to the secretary and forwarded to the executive committee for review. The committee submits a recommendation for appropriate action to the board of directors.”

“The form 990 (including financial information), the bylaws, articles of incorporation, form 1023 application for exemption, and conflict of interest policy are provided to the public upon request.”

“Electronic book subscription services: program service expenses 197,325. Management and general expenses 0. Fundraising expenses 0. Total expenses 197,325.”

“The organization prepares its financial statements on a modified cash basis that, when applicable, includes capitalizing office equipment, recording depreciation expense and liabilities for accrued payroll and related taxes. Under this basis,revenue and the related assets are recognized when collected rather than when earned, and expenses are recognized when paid rather than when incurred. Consequently, the financial statements do not include amounts due from members, prepaid expenses, or liabilities for accrued expenses other than those mentioned above.”