Community Violence Intervention Center Inc.

“Earnings from endowment funds are used for operational expenses. Community violence intervention center's endowment consists of a fund established to support victim services. Its endowment is made up of donor-restricted funds. As required by generally accepted accounting principles, net assets associated with the endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. The board of directors of community violence intervention center has interpreted the north dakota state prudent management of institutional funds act (spmifa) as requiring the preservation of the fair value of the original gift as of the gift date of the donor-restricted endowment funds absent explicit donor stipulations to the contrary. As a result of this interpretation, community violence intervention center classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the organization in a manner consistent with the standard of prudence prescribed by spmifa. In accordance with spmifa, the organization considers the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: 1. The duration and preservation of the endowment fund. 2. The purposes of the donor-restricted endowment fund. 3. General economic conditions. 4. The possible effect of inflation or deflation. 5. The expected total return from income and the appreciation of investments. 6. Other resources of the organization. 7. The investment policies of the organization. On an annual basis, the board shall determine the percent of investment earnings that will be paid to the community violence intervention center for support of operations. In determining the payout amount, the board will target an amount equal to 5 percent of a previous 3 years annual moving average of the fund's market value. The board is encouraged each year to restrict the payout to one half of the targeted amount which would lead to more available spending in the long run - as corpus will grow larger and produce more revenue in future years. All earnings from donor restricted funds are classified as temporarily restricted until they are spent. Funds with deficiencies from time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level the donor or spmifa requires the organization to retain as a fund of perpetual duration. In accordance with gaap, deficiencies of this nature will be reported in unrestricted net assets. Return objectives and risk parameters community violence intervention center has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the organization must hold in perpetuity. Under this policy, as approved by the board of directors, the endowment assets are invested in a manner that is intended to produce results that allow for distributions of dividends and interest income while maintaining the purchasing power of the investment portfolio. Actual returns in any given year may vary from this amount. Strategies employed for achieving objectives to satisfy its long-term rate-of-return objectives, the community violence intervention center relies on a total return strategy in which investment returns ar”

“The company's policy is to evaluate the likelihood that its uncertain tax positions will prevail upon examination based on the extent to which those positions have substantial support within the internal revenue code and regulations, revenue rulings, court decisions, and other evidence. It is the opinion of management that the center has no significant uncertain tax positions that would be subject to change upon examination. The federal income tax returns of the organization are subject to examination by the irs, generally for three years after they were filed.”

“Campaign expenses -7,368.”

“Special events direct expenses -55,961. Loss on disposal of assets -228.”

“Special events direct expense 55,961. Loss on disposal of assets 228.”

“CAMPAIGN EXPENSES 7,368.”