Team Esface Inc

“The 990 draft form, in normal circumstances, will be reviewed by the Board no later than 2 weeks, and prior to filing date. A top level type of review will be conducted. If it seems necessary to have a detailed review, the Board may contact the preparer to request copies of relevant detailed work papers. Once initial review is completed, a meeting is scheduled with the preparer to discuss any questions, or revisions to ensure that the 990 is filed with the IRS on a timely basis. All these will be documented, along with the preparers response if applicable.”

“The Conflict of Interest Policy is reviewed with the Board each year and again at the point where an actual item under discussion has a conflict. The Board Member affected abstains from any related vote. The Organization updates its policy as needed.”

“The Board relies on comparing data from resources such as similarly situated exempt organizations in their areas to benchmark pay along with market information from other exempt organizations and for- profit organizations to assess the competitiveness and reasonableness of the compensation. Once decided, a vote is taken for approval by the Board. Refusal of the individuals whose compensation is being determined is mandatory. If any, a similar process to the compensation for top official is in place for determining compensation of the other key employees. As of fiscal year end, the President and Treasurer positions are filled by volunteers.”

“The following documents are available (for inspection or copying) at the organizations main office during normal business hours at no charge: Tax Exemption Application (Form 1023), IRS Determination Letter, Articles of Incorporation and By-Laws, and Form 990 from the previous three years (at a minimum). If applicable, the public inspection copy of the Form 990 will not include Schedule A Excess Contributors or Schedule B names and addresses of contributors. The organization will make sure that the Forms 990 held at their main office are the most updated versions. In the instance where the Form 990 has been amended, the amended version of the Form 990 will be the one available for public inspections. When responding to an inspection request for any organizational document or Form 990 by anyone, the organization fulfills such request in a timely way without inquiring as to the reason of the inspection request.”