Fish Tales

“Small amount of goods are purchased from business owned by a board member at fair market value. Conflict of interest policy is followed.”

“During the year, an investigation was conducted by the michigan state police, and the former bookkeeper was charged with theft of substantial funds from the organization's operating budget. This former employee has since been arrested for embezzling approximately $50,000. The former bookkeeper had also failed to pay several years' payroll tax liabilities. Since the discovery, the organization has made changes to the financial oversight process and has hired an outside company to maintain the record keeping for the organization, file tax and government forms, and make operational payments. The organization has also submitted filings and payments for the several years of missed payroll tax liablities.”

“BOARD ELECTS OFFICERS”

“990 provided to board before filing.”

“P 69 86 2”

“Committee meetings, review of other camps compensation”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request.”

“Phones: program service expenses 2,028. Management and general expenses 4,610. Fundraising expenses 3,085. Total expenses 9,723. Outside contracting: program service expenses 7,080. Management and general expenses 740. Fundraising expenses 0. Total expenses 7,820. Licensing: program service expenses 7,704. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,704. Postage: program service expenses 2,691. Management and general expenses 0. Fundraising expenses 4,663. Total expenses 7,354. Maintenance: program service expenses 500. Management and general expenses 6,682. Fundraising expenses 0. Total expenses 7,182. Supplies: program service expenses 6,697. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,697. Miscellaneous: program service expenses 1,031. Management and general expenses 303. Fundraising expenses 0. Total expenses 1,334. Bank fees & charges: program service expenses 0. Management and general expenses 1,246. Fundraising expenses 0. Total expenses 1,246. Camp fee reimbursement: program service expenses 840. Management and general expenses 0. Fundraising expenses 0. Total expenses 840. Printing: program service expenses 0. Management and general expenses 0. Fundraising expenses 800. Total expenses 800. Property loss: program service expenses 0. Management and general expenses 750. Fundraising expenses 0. Total expenses 750. Respite programming: program service expenses 177. Management and general expenses 0. Fundraising expenses 0. Total expenses 177. Misc professional fees: program service expenses 0. Management and general expenses 145. Fundraising expenses 0. Total expenses 145. Gasoline reimbursement: program service expenses 60. Management and general expenses 73. Fundraising expenses 0. Total expenses 133.”

“Adjust net assets to actual due to errors and embezzlement -75,616.”

“Due to the nature of the organization's records for the year from poor recordkeeping and embezzlement and with a change in record keeping methods with the hiring of an outside company, the organization determined that this would be an optimal time to make a change in accounting method. Changing to the accrual method of accounting allowed the organization to better determine amounts owed that had not been paid as previously believed.”

“The process has not changed from the prior year. The reviewed financial statements are provided to the board for review and approval.”