Better Ponca Foundation Inc.

“This charitable community foundation, a Nebraska non-profit corporation, has lifetime members for which a small one-time membership fee is charged. At the annual meeting of members a 7-member board of directors is elected to serve a two-year term. The affairs of the foundation are generally managed by the board which elects its own officers.”

“Each odd numbered year the lifetime members at our annual meeting elect the seven member board of directors often composed of joint husband and wife members as directors who serve a two year term. The board of directors then elects officers to serve during the two year term.”

“There are no separate committees at this time. Only the board of directors has decision making authority as granted by the articles and by-laws.”

“Members of the board could not possibly be expected to understand this exceptionally complex filing. It is far too complex. A completed copy IS provided to each board member when the 990 is filed and accepted. The board and members attending the annual meeting are provided a detailed Financial Report covering all accounts, income, expenses, grants and fund balances. The 990 is discussed at the annual meeting and a copy of the most recent filed 990 is made available to all members at that time.”

“Everything required is made available including the annual financial report and most recent IRS 990 filing to members and guests at our annual meeting, as well as available to the General Public at our business location as well as our Articles of Incorporation and operating by-laws upon request.”

“All financial reports including all fund balances, income and expenses, the corporation's Articles and by-laws are available at our business location upon public request. This includes the most recently filed IRS 990 except for Schedule B.”

“Other Program Services include small grants or donor support of community clubs and organizations including the public high school after prom safe activities, city girls software, city golf course, and community club projects.”

“Form 990, Part V, Line 7h should be left blank. We did not receive any cars, boats or airplanes. We entered NO by mistake and the software does not seem to allow changing that to leave it blank.”

“The box at the top of Part X should be checked as Schedule O does include a response relating to Line 15 Other Assets. The Form990OnLine does not seem to offer the ability to check that box just below Part X Balance Sheet. Other Assets are all endowed funds earning interest at our local bank, but are not considered investments where values may change based on market asset changes.”