Better Ponca Foundation Inc.

“Any community member, business or organization can become a Lifetime Member with a one time fee to join. At an annual meeting these members elect directors and control the by-laws and articles of incorporation and provide review and consent opinions to the board and provide organizational and volunteer labor for community projects.”

“The members elect the seven member board at the annual meeting in odd numbered years to serve two year terms. Terms are not staggered. The board elects its officers.”

“The board is responsible for operating, overseeing and managing the activities, funds and decisions of the incorporated Foundation, however, only the membership can change the articles of incorporation, the by-laws or the purposes of the foundation.”

“There are no separate committees, just the operating board of directors.”

“The annual financial report is used by the treasurer to verify and proof account balances, income, expenses and uses, and balance each of the 8 endowed funds. The 990 numbers must balance with the financial report/statement. Filing an IRS 990 includes hundreds if not thousands of rules. The 990, schedules and dozens of questions are far to complex and jump from one section to another. No volunteer officer or director would be able to reasonably provide a knowledgeable or effective review the 990. We will probably be forced to use costly professional preparation because this task is simply too time consuming and complex for any volunteer. Professional preparation will not help members or directors sufficiently understand this filing.”

“We do not have a website or share another one. The 990 is provided to directors prior to electronic filing. The most recently completed 990 along with our Annual Financial Report is made available to members at each year's annual meeting. All required documents, including the 990 except for Sch. B, and financial records are available to the general public upon written request or at the business records location provided on this return.”

“The annual financial report is provided to all members and the Form 990 and Schedules are available for review at the annual meeting. The 990 and governing documents are available to members and the general public upon written request or at the business location shown on this return.”

“The answer to 990, Part VI, Lines 15 and 16 is NO because we have NO officers, directors or employees that are paid. No one is paid. Everyone is a volunteer.”