Cooperative for Education

“The cfo reviews the 990. A copy of the 990 is provided to the entire board prior to filing.”

“Financial transactions are reviewed to determine whether they include a related party transaction and if so, are disclosed to the cfo, board, finance committee, and independent auditor.”

“Board finance committee reviews independent studies of non-profit compensation and determined the appropriate salaries. The proposed salaries are presented to the board for approval.”

“Documents are available upon request.”

“Form 990 return of organization exempt from income tax amended tax return explanation of changes cooperative for education ein: 31-1545464 tax year 2019 the 2019 tax return is being amended to include two forms 8858, which were inadvertently omitted from the original tax filing due to reasonable cause: 1) asociacion coed (the disregarded entity operating in guatemala) 2) canadian friends of cooperative for education (the disregarded entity operating in canada). The taxpayer was not aware at the time of the original filing of the form 8858 information return of u.s. Persons with respect to foreign disregarded entities (fdes) and foreign branches (fbs) filing requirement. In addition, the taxpayer's prior accounting firm failed to make the taxpayer aware of the filing requirement. The taxpayer just recently became aware of the filing obligation and immediately made arrangements to file the forms. The taxpayer has also previously reported any and all income and expenses associated with these two disregarded entities. The taxpayer certifies that the entities for which the information returns are being filed were not engaged in tax evasion. The taxpayer further certifies that the above statements are made under penalties of perjury. Other changes made on the tax returns: 1. Form 990, part iv, line 12a: the answer to this question has been changed from no to yes. 2. Form 990, part iv, line 12b: the answer to this question has been changed from yes to no. 3. Form 990, part iv, line 33: the answer to this question has been changed from no to yes. 4. Form 990, part iv, line 34: the answer to this question has been changed from yes to no. 5. Form 990, schedule r: two foreign disregarded entities (asociacion coed, the disregarded entity operating in guatemala, and canadian friends of cooperative for education, the disregarded entity operating in canada), were moved from part ii of this schedule to part i. 6. Form 990, schedule r, part v: updated to remove the transactions of the related entities since these entities are disregarded entities, and the activities of these disregarded entities (revenue, expenses, and assets) have been previously included in the activities reported on this form 990. 7. Form 990, part vi, line 17: ohio removed from the listing, as they do not require a copy of form 990 be filed with them. 8. Form 990, part xii, line 2b: changed from "consolidated" to "separate." 9. Form 990, schedule f, part i, line 3: added the activities of an additional region inadvertently not reported on the original 990. 10. Form 990, schedule g, part ii: adjusted to correct arithmetic errors on the original return. Form 990, part viii is unchanged.”

“The organization did not change its oversight or selection process during the current tax year.”