Saguache Works Inc

“The governing documents and Form 990-EZ are available upon request. They are provided in support of grant applications when required. No managers, officers or directors have received compensation in their capacity as officers or directors. The board is currently developing formal Policies and Procedures to address Conflict of Interest and Record Retention and Destruction.”

“Form 990 or 990EZ is distributed to finance committee prior to filing. Approval is communicated to President, Dawn Anderson, and Treasurer, Genevieve James, prior to signing and filing. Copy is distributed to all directors.”

“Saguache Works follows a modified Cash Basis method of accounting under which Grants Received for incomplete programs are Deferred to the subsequent year and reported as Temporarily Restricted Fund Balance.”

“All decisions are made by the Board of Directors, therefore no committees are given authority except for Finance Committee approval of Form 990 or 990-EZ & 990-T.”

“Accumulated Depreciation per books was adjusted to Depreciation Records maintained in tax software.”

“RENTALS-UBTI 19270.”

“SPECIAL EVENTS 4.”

“Prop and liab insurance 5127.”

“GRANT WRITING 875.”

“OFFICE RELATED 5965.”

“Cost of projects under grant & adjustments 16581.”

“Depreciation 8838.”

“INVENTORY 12506. 11289.”

“Accounts receivable-donations in transit 0. 0.”

“ROUNDING 0. 0.”

“Accounts payable and accrued expense 0. 333.”

“Note payable-mortgage 28592. 25200.”

“Gift cards payable 3499. 215.”

“Rent deposits 2350. 2350.”

“Sales tax liability 465. 444.”

“PR WITHHOLDING 0. 4.”