Be the Difference Foundation

“The Organization had an Executive Committee during the year. As described in the bylaws, the Board of Directors may appoint an Executive Committee of the Board of Directors consisting of not less than two members of the Board of Directors. Unless otherwise expressly delegated by the Board of Directors, the Executive Committee shall have and may exercise the authority and powers of the Board of Directors in the affairs of the Organization.”

“The Organization's current executive director, president, and treasurer reviewed this return via email correspondence and approved before filing.”

“Who is covered under the policy - All interested persons, defined as any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest.Determining whether a conflict of interest exists - 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.Procedures for addressing the conflict of interest - An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairman of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.Violations of the conflict of interest policy - If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has willfully failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.Compensation - A voting member of the governing board who receives compensation, directly or indirectly, from the Organization for services is precluded from voting on matters pertaining to that member's compensation. A voting member of any committee whose jurisdiction includes compensation matters and who receives compensation, directly or indirectly, from the Organization for services is precluded from voting on matters pertaining to that member's compensation.Periodic reviews - To ensure that the Organization operates in a manner consistent with charitable purposes and does not engaged in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: whether compensation arrangements and benefits are reasonable, based on competent survey information, and the results of arm's length bargaining; and whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or an excess benefit transaction.”

“These are available upon request.”

“Prior period adjustment (no material effect on Sch. A) = $9118”

“The Organization had previously presented its financial information on the accrual basis but incorrectly marked "Cash."”

“A committee was formalized for this purpose because this was the first year for which the financial statements were reviewed. It consisted of the current executive director, president, and treasurer.”

“Overalla.Updated all financial data to reflect adjustments discovered during the recent financial statement review.Headinga.Added Organization's phone number and website.Part I Summarya.Modified description of most significant activities.b.Added number of volunteers.Part III Statement of Program Service Accomplishmentsa.Modified description of mission.b.Modified number of programs, description of accomplishments, and expenses and revenue.Part IV Checklist of Required Schedulesa.Unmarked the box for Schedule B because it is no longer required. See below.b.Marked the box regarding the FIN 48 footnote. See below.c.Marked the box indicating that the Organization reported more then $5,000 of grants or other assistance to any domestic organization or government.Part VI Governance, Management, and Disclosurea.Described board-delegated authority to a committee.b.Indicated that there are no local chapters, branches, or affiliates.c.Updated the description of the Form 990 review process.d.Updated the details regarding the Organization's conflict of interest policy.e.Updated descriptions of disclosing documents.Part VII Compensationa.Removed individuals previously listed as key employees.b.Indicated that officers were also directors.c.Reported compensation for a director.Part VIII Statement of Revenuea.Recategorized investment income into the column indicating that it is excluded from tax under sections 512-514.b.Corrected the reporting of fundraising events.Part IX Statement of Functional Expensesa.Reported expenses on more appropriate line items.b.Reported compensation for a director.Part X Balance Sheeta.Indicated that the Organization was following ASC 958.Part XII Financial Statements and Reportinga.Corrected the reported accounting method.b.Indicated that the financial statements were reviewed and that a committee was formed to oversee this process.Schedule Aa.Changed the reason for public charity status to reflect that on the tax determination letter, and updated Parts II and III accordingly.Schedule Ba.No longer required because of the higher threshold due to changing the reason for public charity status on Schedule A from an organization described in section 509(a)(2) to that described in section 170(b)(1)(A)(vi).Schedule Da.Added the text of the FIN 48 footnote now that the Organization had obtained reviewed financial statements.Schedule Ga.Corrected the reporting of fundraising events.Schedule Ia.Described monitoring of granted funds.b.Indicated whether the entities were exempt under Section 501(c)(3) or government entities.c.Indicated the purpose of grant assistance.Schedule Oa.Updated in accordance with changes made on the main Form 990.Form 4562a.This was excluded.”