Keystone Kidspace

“Board reviews the filing yearly.”

“Board legal council sent such documents to the various board memebers. Such documents were accompanied by an e-mail explaining proper imprepretation. Officers, directors, and key employees reviewed such documents, listed any conflicts that existed, signed and submitted to legal council for review.”

“Executive committee discussed such matters. Such discussions were documented with recommendations submitted to full board. Board than votes on recommendation approval or disappoval.”

“YES”

“The organization did not, during the year, receive any funds, directly, or indirectly, to pay premiums on a personal benefit contract. The organization, did not, during the year, pay any premiums, directly, or indirectly, on a personal benefit contract.”

“Effective january 1, 2023, the organization prepares its financial statements on the modified cash basis of accounting. Under the modified cash basis of accounting, assets and liabilities and revenues and expenses are recognized on the basis of cash receipts and disbursements, modified for the capitalization and depreciation and amortization of fixed and intangible assets, credit card payables, payroll withholdings, certain other payables, and long-term debt. Prior to january 1, 2023, the organization's records were maintained and the statements were presented on the accrual basis of accounting in conformity with generall accepted accounting principles. See note 5 for the restatement of beginning net assets. Net assets at the beginning of the year have been adjusted to reflect the change in accounting method effective january 1, 2023 from the accrual basis of accounting to the modified cash basis of accounting. The cumulative effect of the restatement decreases net assets by $337,898 as of january 1, 2023. See financial statement note 5 - prior period restatement.”