Foreign Links Around the Globe Inc

“2 board members (wilmar r cunha-filho, executive director and marc maralez, board member) are members of flag ims, llc executive director wilmar r cunha-filho and coo teresa cunha are spouses”

“Flag has contracted with rehmann robson to serve in the role of chief financial officer. Stephen w blann (cfo) provides monthly support in the areas of overseeing and reviewing internal financial statements, coordinating with external agencies, preparing budgets, producing monthly financial reports, and carrying out flag's financial policies and procedures to ensure it complies with applicable laws and regulations. Rehmann robson's contract with flag was $6,812 per month for a total of $81,738.”

“The board of directors has the opportunity to review the 990 and ask questions prior to filing the return.”

“15a set by the board, in consultation with the cfo 15b set by the ceo, in consultation with the cfo”

“Governing documents and financial statements are made available to the public upon request.”

“For leases with a lease term exceeding 12 months, a lease liability is recorded on the organization's statement of financial position at lease commencement reflecting the present value of its fixed payment obligations over such term. A corresponding rou asset equal to the initial lease liability is also recorded, increased by any prepaid rent and/or initial direct costs incurred in connection with execution of the lease, and reduced by any lease incentives received. The organization includes fixed payment obligations related to non-lease components in the measurement of rou assets and lease liabilities, as it elects to account for lease and non-lease components together as a single lease component. Variable lease payments are not included in the measurement of rou assets and lease liabilities. Rou assets associated with finance leases, when applicable, are presented separate from those associated with operating leases, and are included within property and equipment, net on the organization's statement of financial position. For purposes of measuring the present value of its fixed payment obligations for a given lease, the organization uses the risk-free discount rate, determined based on information available at lease commencement, as rates implicit in its leasing arrangements are not readily determinable. For operating leases, fixed lease payments are recognized as operating lease cost on a straight-line basis over the lease term. For leases with a lease term of 12 months or less (referred to as a "short-term lease"), any fixed lease payments are recognized on a straight-line basis over such term and are not recognized on the statement of financial position. Variable lease cost, if any, is recognized as incurred for all leases. Total lease liability in 2025 is $0.”

“The process has not changed from the prior year.”