Rivers of Hope

“The exective committee has the right to vote on behalf of the board of directors. There are 4 people on this committee. All 4 must be included in the vote.”

“A copy of the form 990 was reviewed by management, then provided to the board of directors for approval prior to filing. Approval for the form 990 was set as an action item on the agenda. Upon approval, the accounting firm was notified and the final 990 was printed for signature and filing.”

“Each new responsible person shall be required to review a copy of the conflict of interest policy and to acknowledge in writing that he or she has done so. The conflict of interest policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated immediately to all responsible persons. Also, each responsible person shall annually complete a disclosure form identifying any relationships, positions, or circumstances in which the responsible person is involved that he or she believes could contribute to a conflict of interest arising. If a conflict of interest arises, the director with the conflict of interest shall disclose all facts material to the conflict of interest which will be reflected in the minutes of the meeting. The director with the conflict shall not participate in or be permitted to hear the board's discussion on the matter and cannot vote on the matter.”

“The executive committee derived from officers of the board of directors reviewed the salary study created by mn council of nonprofits salary survey and the executive director's goals. The executive committee has documentation of deliberation and decisions. Pay scale was detailed in writing to the office manager.”

“The organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Reason for amending this return: this return is being amended to account for the journal entries made for the financial statement audit. Changes made: part i - summary: 990, page 1, line 8-contributions increased $85,670 to $692,751. 990, page 1, line 12-total revenue increased $85,670 to $820,415. 990, page 1, line 15-salaries increased $22,186 to $559,090. 990, page 1, line 17-expenses increased $2,574 to $193,728. 990, page 1, line 18-total expenses increased $24,760 to $752,818. 990, page 1, line 19-net increased $60,910 to $67,597. 990, page 1, line 20-total assets increased $244,667 to $455,068. 990, page 1, line 21-total liabilities increased $162,810 to $186,855. 990, page 1, line 22-net assets increased $81,857 to $268,213. Part iii - statement of program service accomplishments: 990, page 2, line 4a-expenses increased $22,510 to $624,270. Part viii - statement of revenue: 990, page 9, line 1e-government grants increased $85,670 due to proper recording of accounts recievable. Part ix - statement of functional expenses: 990, page 10, line 7-compensation increased $22,186 due to a correction of accrued wages and the posting of certain grant funds revenue. 990, page 10, line 13-office expense increased $1,382 for miscellaneous items and due to the gaap lease standard reclassifications. 990, page 10, line 16-occupancy decreased $9,791 due to the gaap lease standard reclassifications. 990, page 10, line 22-amortization increased $10,983 due to the gaap lease standard reclassifications. Part x - balance sheet: 990, page 11, line 1-ending cash decreased $1,056. 990, page 11, line 4-accounts receivable increased $88,622. 990, page 11, line 14-intangible assets increased $157,101 due to the gaap lease standard. 990, page 11, line 17-accounts payble increased $5,709. 990, page 11, line 25-other liabilities increased $157,101 due to the gaap lease standard. 990, page 11, line 27-net assets increased $81,857. Part xi - reconciliation 990, page 12, lines 1, 2, 3 & 10 changed on account of the above items. 990, page 12, line 8-prior period adjustments are $20,947 to account for beginning accounts receivable & miscellaneous. Schedule a, part ii, section a, line 1, column (e) increased $85,670.”