Odc

“The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an affidavit is signed to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed with the designated governmental agencies. Before the tax returns are filed, a final tax return copy is forwarded to all board members. The tax returns are then signed by the organization, stamped with certified return receipt and timely placed in the mail for filing.”

“Hiring or contracting is done using established HR policies. To ensure that ODC monitors areas for potential conflict of interest, committees are used to hire staff and/or contract with outside service providers. No one person in the organization can contract or hire any individual without the consent of the ED, AD and the Finance Manager. Any conflicts of interest found are brought to the attention of the Board for further action.”

“A compensation proposal is presented to the Board of Directors. The Board reviews and if agrees will make a recommendation to either accept or deny the compensation proposal.”

“Governing documents are available for public inspection at the principal place of business.The conflict of interest policy and the organization's financial statements are available upon request”

“Client Note 1 - ODCEIN 34-1191163FOR THE YEAR ENDED DECEMBER 31, 2014FORM 990, PART X, LINE 10 - LAND, BUILDINGS, EQUIPMENTdescription Beg. Balance Additions Deletions End. BalanceLand 1,357,474 1,357,474Building and Equipment 17,192,529 496 17,193,025Sets and Costumes 72,697 72,697Tenant improvements 30,983 30,983 _________ _________ _________ _________ 18,653,683 496 18,654,179 Less Accumulated Depreciation (4,959,042) (661,117) (5,620,159) _________ _________ _________ _________ 13,694,641 (660,621) 13,034,020Depreciation is computed by using the straight-line methods over the estimated useful life of the assets. Estimated useful lives of depreciable assets are 30 years for buildings and 5 years for equipmentAdditional detail is available upon request”