National Network of Abortion Funds

“This is mainly a volunteer organization. There was one part-time paid staff so there was minimal overhead. Consequently, almost all of the expenses are related to program activities.”

“The 990's are available on Guidestar/Candid.”

“Per our by-laws, board members are required to provide information about any conflicts of interest that arise, so its self-reporting. Special attention is paid to any business relationships with the clinics to whom we provide grants.”

“The 990 draft was emailed to all board members for review during a comment period. Each member was requested to respond during that period with either an approval or with additions/corrections. Responses were then summarized and forwarded to the tax preparer for inclusion in the final return.”

“Lines 15a and 15b - Since there was no key employee during the year,the answer to these questions is N/A.”

“Line 8c - There is sometimes a loss on this line. In this case, the FMV received by attendees of the two events was minimal so all the revenue was considered contributions rather than event revenue. There was a small amount of expense of having the events - postage, printing,etc. as noted on line 8b. However, if the contributions for the events were included, there was a significant amount of net revenue.”

“Pt. XII, line 2a - The organization retains the services of a CPA who provides "preparation engagement" annual financial statements that are similar to compiled statements. She also prepares the annual 990 and is available for consulting throughout the year. The board has the responsibility for oversight of the financial statements and selection of the independent accountant.”