Youth Entrepreneurs Georgia Inc

“Various officers and directors have a business relationship.”

“Youth entrepreneurs georgia has one member, a 501(c)(3) public charity and no stockholders.”

“The sole member, referred to in part vi, section a, line 6, has the authority to elect the board of directors.”

“Approval of the member is required to elect and remove directors, amend the organization's governing documents, and to engage in any significant transaction as further described in the organization's governing documents.”

“An independent accounting firm prepares the form 990, which is then reviewed by the treasurer and executive director. Any comments are addressed and any changes are made to the draft copy, if necessary. A copy of the revised draft form 990 and all related schedules is then provided to all members of the board prior to filing with the irs.”

“A copy of yeg's policy on conflict of interest is given to all directors and officers at the beginning of their term of service. Each person is made aware and acknowledges their understanding of and adherence to the policy and each person is required to disclose to the board various potential conflicts of interest as set forth in the conflict of interest policy.”

“The documents referred to in part vi, section c, line 19 are made available in accordance with irs rules.”

“Teacher stipends: program service expenses 21,149. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,149. Consulting fees: program service expenses 65,798. Management and general expenses 5,344. Fundraising expenses 21,602. Total expenses 92,744. Other professional fees: program service expenses 4,793. Management and general expenses 1,308. Fundraising expenses 1,381. Total expenses 7,482.”

“The financial statements are reviewed in draft format by the treasurer and executive director. Any comments are addressed and any changes are made to the draft copy, if necessary. A copy of the revised financial statements and related letters is then provided to all members of the board for their review and approval.”