Glorieta 2-0 Inc.

“Board members Terry Looper and Leonard Russo have a business relationship.”

“The Form 990 is prepared by an independent CPA firm. It is reviewed in detail by the Director of Finance & Administration. The 990 is then provided to the board members for their review and approval prior to filing with the IRS.”

“Glorieta requires an annual signed statement from officers and board members which discloses any and all conflicts of interest with the organization. The board of directors is reponsible for reviewing the signed statements. The Director with the conflict of interest may not vote or be present for voting on the matter. The Board of Directors shall determine whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. Proposed or ongoing transactions are monitored through ongoing conversations with the board members as major transactions arise.”

“The organization does not compensate any officers or key employees. Therefore, these lines were answered no in accordance with the instructions.”

“Glorieta 2.0 makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Glorieta 2.0, Inc. has entered into a shared services agreement with Camp Eagle. Under this shared services agreement, Camp Eagle provides certain administrative and accounting services to Glorieta 2.0, Inc. Anthony Scott and Jeff Ward are employees of Camp Eagle.”

“To inspire Christ-like change through outdoor adventure, authentic relationships, and biblical truth.”

“The staff of devoted and inspired believers has been specially trained to provide a morally and physically sound infrastructure that is safe, inspiring, and most of all, life changing. Our Mission is to inspire Christ-like change through outdoor adventure, authentic relationships, and Biblical truth. Our vision is to fully utilize the resources God has given us, inspiring each individual to leave Glorieta more Christ-like, ready to make a difference in their own life, home and community.”

“Shared services expense: Program service expenses 0. Management and general expenses 705,647. Fundraising expenses 0. Total expenses 705,647. Other: Program service expenses 6,557. Management and general expenses 151,809. Fundraising expenses 0. Total expenses 158,366.”

“In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 9/30/18. To date, Form 990 and its associated schedules have not been updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $8,982,567 Line 29 - Net assets with donor restrictions 0 ---------- Total net assets $8,982,567”

“Accum depreciation write-off for assets disposed of in the prior year 50,876.”

“Glorieta's board assumes responsibility for oversight of the audit of its financial statements and selection of an independent CPA firm. This process has not changed from the prior year.”