Offerdahl'S Hand-Off Foundation Inc

“John Offerdahl and Lynn Offerdahl have a family and business relationship.”

“During 2015, Promotion Sports & Entertainment, LLC, a management services company, performed certain management duties on behalf of the Organization. The services performed on behalf of the Organization included the supervision of Organization operations, planning and budgeting, overseeing financial operations, and other similar managerial activities.”

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers, and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood, and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The Organization has adopted an executive compensation setting policy applicable to its key leaders, including the Organization's CEO, officers, and other top leadership personnel. Under the policy, an independent committee of the Board of Directors annually reviews and approves the compensation levels of all individuals subject to the policy. The deliberations and decisions of the committee are documented in the minutes of the committee meeting. In its deliberations, the committee utilizes appropriate information regarding compensation amounts paid for comparable positions in comparable organizations. These procedures are followed to ensure that compensation arrangements for the Organization's key leaders are reasonable and appropriate.”

“The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements.”

“Lynn Offerdahl, Officer, received compensation from the Organization for services performed in connection with the Organization's annual fundraising event. Compensation paid related to the fundraising event is included in direct fundraising event expenses at Part VIII, Line 8b.”

“During the tax year, the Organization received certain payments in excess of $75 made partly as a contribution and partly for goods and services provided to the payor. The Organization was unaware of the requirement to notify the donor of the value of the goods or services provided, and therefore inadvertently failed to provide the proper quid pro quo acknowledgements to these donors. The Organization is now aware of the specific requirements for such contributions and will issue proper acknowledgements in future tax years.”

“The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the audit of its financial statements and the selection of an independent accountant. The 2015 tax year was the first year in which the Organization obtained an audit of its financial statements, and therefore this process has changed from the prior year.”