New Irvine Ranch Conservancy

“The articles of incorporation were amended and restated as of march 27, 2017 to reflect the appropriate language for its change to section 501(c)(3) status.”

“According to the bylaws, the board of directors is appointed by the 3-member founders board, which is in turn appointed by a third party. The founders board only has the power to appoint, reappoint and remove board members, it does not operate the organization and is not involved in any other organizational matters. Founder's board members are not employees of the third party, they are separate individuals.”

“A committee of the board of directors will review form 990 before it is filed any changes or questions recommended by the board will be implemented by the cpa's per discussion with the members who reviewed the return before filing with the internal revenue service. A copy of the form 990 will be forwarded to all members of the board of directors.”

“Each director, trustee, principal officer, and member of a committee with board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflicts of interest policy; (b) has read and understands the policy; (c) has agreed to comply with the policy; and(d) understands the corporation is operated exclusively for the promotion of social welfare and in order to maintain its federal tax exemption it must engage primarily in activites which accomplish one or more of its tax exempt purposes.”

“A compensation study has been conducted for all officers and key employees of the irvine ranch conservancy and approved by the board without the input of any officer whose compensation is in review. Each officer and key employee also have a written employment contract.”

“The most recent audited financial statements, the governing documents and 990 are available at our main accounting office and can be accessed during regular business hours.”

“All governing documents are available upon request.”

“Effective as of march 27, 2017, the organization is exempt from income tax under section 501(c)(3) of the internal revenue code as a public charity. Prior to this date, the organization was exempt under section 501(c)(4). The organization received a new determination letter from the internal revenue service approving this change in tax-exempt status.”

“The audit committee selection process has not changed.”

“The organization previously reported an entity on sch. R that was a tax-exempt private operating foundation, irvine ranch conservancy fein 06-1703160. This entity dissolved as of august 2015 and, therefore, has been removed from sch. R in the current tax year.”