Oceanic Preservation Society

“The 990 is reviewed by a member of management and the executive director before it is filed with the irs.”

“Directors must disclose potential conflicts of interest to the remaining members of the board when they become apparent. The director may not be involved in discussions about the conflict or participate in any vote regarding the conflicting interest.”

“Members of management research, review and determine the executive director's salary. The last review occurred in spring 2016.”

“The organization makes its financial statements and other documents available to the public upon request.”

“The organization is amending its form 990 to correct an error in the classification of unrelated business income. The organization rented personal property and the amount of rental income and expenses was missreported. Thus, the organziation has amended the following: form 990, part i, lines 7a & 7b - total unrelated business revenue and net unrelated business taxable income were updated to the correct amounts form 990, part iii, line 4 - added program service expense and program service revenue in the amount of $27,742 and $83,771,respectively based on the correct amounts form 990, part viii, line 2a - added program service revenue to film revenue in the amount of $83,771 form 990, part viii, line 6a - reduced gross rental income in the amount of by $83,771 form 990, part viii, line 6b - reduced rental expenses in the amount of $28,150 form 990, part ix, line 7 columns b & d - added program service expense and fundraising expense in the amount of $13,005 and $1,445 respectively to reflect the new amounts from the reduced rental expenses form 990, part ix, line 9, 10, 13 and 16 columns b, c, d - reclassed expenses between program service expense, management and general expense and fundraising expense based on new allocations form 990, part ix, line 11g column b - added program service expense in the amount of $13,700 to reflect the new amounts from the reduced rental expenses schedule a, part ii, section b, lines 9(e) and 12 - net income from unrelated business activities and gross receipts from related activities were updated to correct amounts”