Teamwork Education Foundation Inc

“Patti lehrhoff & marie holt-lehrhoff are related. Ken stein and sandy strine-stein are married.”

“A copy of the completed form 990 is distributed to all board members for review and questions. Once all questions are resolved, the board will vote to approve and file the form 990.”

“The organization monitors and enforces compliance with the conflict of interest policy on an ongoing basis.”

“To ensure the organization operates in a manner consistent with charitable purposes, and doesnt engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews are conducted by the executive committee and presented to the board of directors for approval.”

“The same process that is used for the organizations ceo, executive director and top management official is used for all officers and key employees of the organization. (see schedule o, note 4)”

“Copies of the form 990 and governing documents are available to the public upon request.”

“Adjustment for unclaimed scholarships: the scholarships were recorded as an expense when awarded to the individual and a liability was created for the unpaid portion of the award. Older unclaimed scholarships are unlikely to be claimed and the scholarship liability was adjusted by reserving against those liabilities and the adjustment flows through net assets to adjust the prior year entries. The adjustment reduced scholarship liabilities and increased net assets.”

“The organization changed its accounting period from a calendar year ending december 31 to a fiscal year ending june 30. This form 990 covers the short tax year from january 1, 2025 through june 30, 2025 (6 months). The change in accounting period qualifies for automatic approval under rev. Proc. 85-58. No form 1128 was required. The change in net assets reported on part xi reflects only activity during the short period.”