Greater Waukegan Development Coalition

“Due to the hardship of the ongoing COVID-19 pandemic, there was very little activity in the organization and meetings were not regularly held or documented throughout the entirety of the 2020 tax year.”

“The organization's governing body does not have any committees.”

“A full copy of the Form 990 is reviewed and approved by the board of directors prior to filing with the Internal Revenue Service.”

“The organization's conflict of interest policy covers all interested persons, which includes any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. An interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Areas of the tax return which include financial information and supplemental schedules have been amended to reflect corrected accrual financial statements and activity during the 2020 tax year including: Form 990, Part 1, Part III, Part V, Part VI, Part VII, Part VIII, Part IX, Part X, Part XI, Schedule A, Schedule B, Schedule D, Schedule L, and Schedule O.”

“Other service fees include: Technical assistance services of $36,125, Video Production Services of $11,902, Graphic Design Services of $10,243 and Other Service Fees of $15,475”