Civic Intelligence

Aim Interpretive Center Inc

990 • Fiscal year 2017 • EIN 41-0997966

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

1113 E Franklin AveMinneapolis, MN 55404

(612) 886-2107

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

74th percentile

0.06x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

5th percentile

-81%

Higher net margin than 5% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$51,542

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 32.1% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

7th percentile

-58%

Faster asset growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

29th percentile

-14%

Faster revenue growth than 29% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$106,054

Down $147,700 (-58%) from 2016

Net Assets

Down

$99,649

Down $145,355 (-59%) from 2016

Liabilities

Down

$6,405

Down $2,345 (-27%) from 2016

Revenue

Down

$160,760

Down $25,824 (-14%) from 2016

Expenses

Down

$291,046

Down $113,086 (-28%) from 2016

Net Income

Up

-$130,286

Up $87,262 (+40%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,769,470Liabilities 2010: $57,911Net Assets 2010: $1,711,5592010Assets 2011: $1,465,863Liabilities 2011: $54,214Net Assets 2011: $1,411,6492011Assets 2012: $1,142,806Liabilities 2012: $57,641Net Assets 2012: $1,085,1652012Assets 2013: $856,748Liabilities 2013: $55,556Net Assets 2013: $801,1922013Assets 2014: $865,557Liabilities 2014: $50,648Net Assets 2014: $814,9092014Assets 2015: $531,713Liabilities 2015: $69,161Net Assets 2015: $462,5522015Assets 2016: $253,754Liabilities 2016: $8,750Net Assets 2016: $245,0042016Assets 2017: $106,054Liabilities 2017: $6,405Net Assets 2017: $99,6492017Assets 2018: $63,736Liabilities 2018: $0Net Assets 2018: $63,7362018Assets 2019: $74,918Liabilities 2019: $02019Assets 2020: $91,263Liabilities 2020: $02020

Highlighted filing

2017

Assets$106,054
Liabilities$6,405
Net Assets$99,649

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $1,378,217Expenses 2010: $286,438Net Income 2010: $1,091,7792010Revenue 2011: $78,141Expenses 2011: $378,051Net Income 2011: -$299,9102011Revenue 2012: $69,822Expenses 2012: $396,306Net Income 2012: -$326,4842012Revenue 2013: $67,457Expenses 2013: $351,430Net Income 2013: -$283,9732013Revenue 2014: $403,147Expenses 2014: $389,430Net Income 2014: $13,7172014Revenue 2015: $45,530Expenses 2015: $397,887Net Income 2015: -$352,3572015Revenue 2016: $186,584Expenses 2016: $404,132Net Income 2016: -$217,5482016Revenue 2017: $160,760Expenses 2017: $291,046Net Income 2017: -$130,2862017Revenue 2018: $237,645Expenses 2018: $273,558Net Income 2018: -$35,9132018Revenue 2019: $45,693Expenses 2019: $34,511Net Income 2019: $11,1822019Revenue 2020: $27,077Expenses 2020: $10,732Net Income 2020: $16,3452020

Highlighted filing

2017

Revenue$160,760
Expenses$291,046
Net Income-$130,286
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.2
Gross Receipts
$160,760
Mission and Program Overview

Mission

AIM Interpretive Center, Inc. supports American Indian culture and education.

To protect Indigenous Peoples, Cultures, Nature, Spirituality and Grandmother Earth through accurate interpretation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$88,696-
Prepaid Expenses and Deferred Charges$7,734$13,049▲ $5,315
Inventories for Sale or Use$10,631$0▼ $10,631
Accounts Receivable$135$2,627▲ $2,492
Cash and Non-Interest-Bearing Accounts$235,254$1,682▼ $233,572
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Total Assets$253,754$106,054▼ $147,700
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$8,750$6,405▼ $2,345
Total Liabilities$8,750$6,405▼ $2,345
Net Assets / Fund Balance
Unrestricted Net Assets$201,839$99,649▼ $102,190
Temporarily Rstr Net Assets$43,165--
Total Net Assets Fund Balance$245,004$99,649▼ $145,355
Total Liabilities and Net Assets / Fund Balance$253,754$106,054▼ $147,700

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$8,653$8,653
Equipment-$1,400$1,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Clyde BellecourtExecutive DirectorPT$51,477$65$51,542

Board Members and Trustees

NameTitle
Dawn MorganPresident
Diane GorneyDirector
Dick BancroftDirector
Mark AndersonDirector
Alan GrossSecretary
Carl FransenTreasurer/Pres
Dick MasurV Pres/Sec/Tres
Revenue and Support

Revenue Composition

Contributions and Grants
$129,227
Program Service Revenue
$0
Investment Income
$190
Other Revenue
$31,343
All Other Contributions
$129,227
Change in Net Assets
$-130,286

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,760
Total Revenue per Audited Statements
$160,760
Total Revenue per Form 990
$160,760
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$155,598
Other Expenses$135,448
Total Fundraising Expense$24,488
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$39,206$27,473$6,704$73,383
Occupancy$56,794$6,310-$63,104
Current Officers, Directors, Trustees, and Key Employees$25,771$12,886$12,885$51,542
Other Employee Benefits$9,621$5,981$2,893$18,495
Fees for Services Accounting-$14,040-$14,040
Payroll Taxes$6,334$3,935$1,909$12,178
Travel$9,867--$9,867
Office Expenses$7,338$816-$8,154
Fees for Services Other-$5,182-$5,182
Insurance$3,882$1,226-$5,108
Advertising$3,466--$3,466
Other Expenses$1,128$110$97$1,335
Information Technology$984$109-$1,093
Total Functional Expenses$188,490$78,068$24,488$291,046

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$291,046
Total Expenses per Audited Statements$291,046
Total Expenses per Form 990$291,046
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Crow BellecourtExec Directors SonCultural Event WorkNo$5,750

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The 990 will be reviewed by the finance/audit committee and then will be presented to the board of directors by the treasurer. There will then be a board resolution to approve and file.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The finance/audit committee reviews the report and determines if a.) it does constitute 'Improper Activity' (ie conflict of interest); b.) warrents further action; c.) the need for additional expertise if there is conflict of interest; d.) conduct an investigation and/or procure outside investigators; e.) prepare a report; f.) ensure that appropriate reporting occurs to the regulatory agencies and others as necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Mn council on nonprofit salary survey

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Mn council on nonprofits salary survey

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Guide Star

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request, a board, finance committee, policies and procedures books are readily available to the public for the past 4 years.

Filing and Contact Details

Filer

Filer Name
Aim Interpretive Center Inc
EIN
41-0997966
Phone
6128862107
Address
1113 E FRANKLIN AVE, MINNEAPOLIS, MN 55404

Signing Officer

Name
Clyde Bellecourt
Title
Executive Director
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carl Fransen
Formed
1972
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
6
Employees
5
Volunteers
20

Preparer

Firm
Carpenter Evert & Associates
Address
7760 France Ave S 940, Bloomington, MN 55435
Preparer
Neal O Evert CPA
Phone
9528310085
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has a tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and has adopted Accounting for Uncertainty in Income Taxes, ASC 740-10. The Organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The Organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible.

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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05981
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09621
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018495
IRS990/OtherExpensesGrp/Desc0COST OF MERCHANDISE
IRS990/OtherExpensesGrp/Desc1CULTURAL EVENTS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0110
IRS990/OtherExpensesGrp/ProgramServicesAmt012569
IRS990/OtherExpensesGrp/ProgramServicesAmt111530
IRS990/OtherExpensesGrp/ProgramServicesAmt21128
IRS990/OtherExpensesGrp/TotalAmt012569
IRS990/OtherExpensesGrp/TotalAmt111530
IRS990/OtherExpensesGrp/TotalAmt21335
IRS990/OtherInd0X
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IRS990/OtherRevenueMiscGrp/ExclusionAmt04500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04500
IRS990/OtherRevenueTotalAmt04500
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06704
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027473
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt039206
IRS990/OtherSalariesAndWagesGrp/TotalAmt073383
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01909
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03935
IRS990/PayrollTaxesGrp/ProgramServicesAmt06334
IRS990/PayrollTaxesGrp/TotalAmt012178
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07734
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013049
IRS990/PrincipalOfficerNm0CARL FRANSEN
IRS990/PriorPeriodAdjustmentsAmt0-15069
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0177102
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0264
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0157489
IRS990/PYOtherRevenueAmt09218
IRS990/PYRevenuesLessExpensesAmt0-217548
IRS990/PYSalariesCompEmpBnftPaidAmt0237425
IRS990/PYTotalExpensesAmt0404132
IRS990/PYTotalProfFndrsngExpnsAmt09218
IRS990/PYTotalRevenueAmt0186584
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-130286
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt026843
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt088696
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0125600
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0113000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0353600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0129227
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0177102
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt037670
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0158135
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt047345
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0549479
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0190
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0264
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03140
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt04405
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07999
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt026843
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt018407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt045250
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0190
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0264
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03140
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt04405
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07999
IRS990ScheduleA/InvestmentIncomeCYPct00.01270
IRS990ScheduleA/InvestmentIncomePYPct00.02610
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04500
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02303
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05101
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt015707
IRS990ScheduleA/OtherIncome509Grp/TotalAmt027611
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/PublicSupportPY509Pct00.74450
IRS990ScheduleA/PublicSupportTotal509Amt0241129
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0100000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt05000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0113000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt010000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0353600
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0156070
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0195509
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt037670
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0158135
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt047345
IRS990ScheduleA/Total509Grp/TotalAmt0594729
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160760
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0198076
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt040810
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0163236
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt067457
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0630339
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01400
IRS990ScheduleD/ExpensesSubtotalAmt0291046
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08653
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08653
IRS990ScheduleD/RevenueSubtotalAmt0160760
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has a tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and has adopted Accounting for Uncertainty in Income Taxes, ASC 740-10. The Organization's policy is to evaluate uncertain tax positions, at least annually, for the potential for income tax exposure from unrelated business income or from loss of nonprofit status. The Organization continues to operate consistent with its original exemption application and each year takes the necessary actions to maintain its exempt status. It has been classified as an organization that is not a private foundation under the Internal Revenue Code and charitable contributions by donors are tax deductible.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalExpensesPerForm990Amt0291046
IRS990ScheduleD/TotalRevenuePerForm990Amt0160760
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0160760
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0291046
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Crow Bellecourt
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Exec Directors Son
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt05750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Cultural Event Work
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0The Executive Directors son received payment for services in 2017.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 will be reviewed by the finance/audit committee and then will be presented to the board of directors by the treasurer. There will then be a board resolution to approve and file.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The finance/audit committee reviews the report and determines if a.) it does constitute 'Improper Activity' (ie conflict of interest); b.) warrents further action; c.) the need for additional expertise if there is conflict of interest; d.) conduct an investigation and/or procure outside investigators; e.) prepare a report; f.) ensure that appropriate reporting occurs to the regulatory agencies and others as necessary.

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