Embark Arts Inc

“Taxpayer's legal name change: on march 18, 2016, the california secretary of state endorsed the certificate of amendment of articles of incorporation filed by the taxpayer to change its legal name from kabouter foundation, inc. To embark arts, inc.”

“Business relationship - richard hayes, director, is a partner in the cpa firm that provides tax and accounting services to the organization, marcel houtzager, tania houtzager and other legal entities which the individuals own and/or control either separately or together. Family relationship - marcel houtzager, president and director, and tania houztager, executive director and director, are father and daughter, respectively.”

“In 2015, the organization amended the articles of incorporation to change its legal name from kabouter foundation, inc. To embark arts, inc.”

“The organization does not have any committees.”

“The president and another director review the form 990 and applicable state tax filings before the organization submitts them to the tax authorities.”

“The organization monitors and enforces compliance with its conflict of interest policy through periodic board meetings. If there is a conflict, then the board prohibits the director or officer from participating in the deliberations and decisions about the transaction or contractual agreement.”

“UPON REQUEST.”

“Amendment descriptions: line 17-other expenses, line 18-total expenses: current year balance decreased by $21768 from $63027 to $41259. Line 19-revenue less expenses: current year balance increased $21768 from $43774 to $65542. Line 20-total assets, line 22-net assets or fund balances: current year balance increased by $21768 from $117934 to $139702. For an explanation, refer to amendment descriptions in schedule o for form 990, part ix, statement of functional.”

“Amendment descriptions: line 11a, fees for services (non-employees)-legal, column (a)-total expenses, column(c)-management and general expenses: balance decreased by $16463 from $18493 to $2030. The organization paid a vendor bill in error. Since the vendor did not accept and process the payment, the organization voided the check, which decreased legal fees and increased cash bank balance. Line 11c, fees for services (non-employees)-accounting, column (a)-total expenses, column(c)-management and general expenses: balance decreased by $5305 from $17032 to $11727. The organization paid an interested person's vendor bill in error. Since the vendor cashed the check. The organization reclassifed the payment to other receivables. The interested person fully remibursed the organization in 2016. Refer to schedule l for a description of the interested party transaction.”

“Amendment descriptions: line 1, cash non-interest bearing: end of year balance increased by $16463 from $25266 to $41729. For an explanation, refer to amendment descriptions in schedule o for form 990, part ix, statement of functional expenses. Line 5, loans and other receivables from current and former key persons: end of year balance increased by $5305 from $0 to $5305. For an explanation, refer to amendment descriptions in schedule o for form 990, part ix, statement of functional expenses. Line 16-total assets, line 32-retained earnings, line 33-total net assets and line 34-total liabilities and net assets: end of year balance increased by $21768 from $117934 to $139702. For an explanation, refer to amendment descriptions in schedule o for form 990, part ix, statement of functional expenses.”

“Amendment descriptons: line 2-total expenses: current year balance decreased by $21768 from $63027 to $41259. Line 3-revenue less expenses: current year balance increased $21768 from $43774 to $65542. Line 10-net assets or fund balances: current year balance increased by $21768 from $117934 to $139702. For an explanation, refer to amendment descriptions in schedule o for form 990, part ix, statement of functional.”