Southwest Economic Solutions Inc

“Southwest economic solutions is a wholly-owned subsidiary of southwest solutions, the parent company.”

“Board members are appointed by southwest solutions board of directors. Nominees are proposed by southwest economic solutions board of directors.”

“The southwest solutions board approves certain decisions of southwest economic solutions board of directors including but not limited to the following: budget approval, bylaws revisions, formation of a new company, and capital acquisitions greater than $250,000.”

“The 990 was prepared by an independent accounting firm. The 990 was reviewed by the financial controller and provided to the board of directors for their review prior to the filing of the form 990 with the irs.”

“Annually the conflict of interest policy is provided to the board members for review and approval. In addition, the disclosure statement is completed on an annual basis by all board members. If there are any conflicts of interest, the board member would abstain from voting. All southwest economic solutions employees and board members are subject to the conflict of interest policy.”

“Compensation is set by the compensation committee of southwest solutions, a related organization. The agency participates in annual salary surveys based on agencies similar in size and revenues and consults with salary compensation specialists to determine compensation for ceo and key employees. All compensation must be approved by the board of directors. While an annual review is done, salaries are adopted for three years. Compensation was last reviewed in 2017.”

“Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Southwest economic solutions is submitting an amended form 990 for the period ended september 30, 2019 primarily to reflect the audited financial statements issued after the extended due date of the form 990 of august 31, 2020. The following changes have been reflected in the amended return: 1. Part i, lines 8, 12, 17-22 were revised to reflect the audited financial statements. 2. Part iii, lines 4a: updated program and grant expenses. 3. Part iv, lines 12b: changed from no to yes to reflect the issuance of financial statements. 4. Part viii, lines 1e, 1f, 1h, 12a: updated to reflect financial statement audited amounts and lines 2a and 2b updated for business code. 5. Part ix, lines 1, 11a, 11g, 12, 13, 15, 19, 22, 24b, 24c, 24d, 24e, and 25: updated to reflect financial statement audited amounts. 6. Part x, lines 4, 9, 10c, 15, 16, 25, 26, 27, 28, 33, and 34: updated to reflect financial statement audited amounts. 7. Part xi, lines 1, 2, 3, and 10: updated to reflect financial statement audited amounts. 8. Part xii, line 2b: changed from no to yes and checked consolidated basis. 9. Part xii, lines 2c: changed from no to yes. 10. Part xii, lines 3a: changed from no to yes and 3b: checked yes. 11. Schedule a, part ii, lines 1, 4, 5, 6, 7, 11 and 14: updated to reflect changes. 12. Schedule d, part ix, lines 2, 3 and 4 and part x, lines 1, 3 and 4 updated to reflect the breakdown of "due from and "due to" related parties. 13. Schedule d, part xiii added explanation for part x, line 2 liability for uncertain tax positions under fin48 from the footnote to the organization's financial statements.”