With Arms Wide Open Inc

“The organization has members.”

“The members vote to elect the members of the governing board.”

“The members get to vote on approving changes in the organization's bylaws and approving other significant decisions of the governing board.”

“The organization receives an electronic copy of the 990. The chairman and the co-chairman review the 990 before it is filed with the irs.”

“The chairperson of the board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether the organization can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member is an interested person and has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The organization does not compensate its officers, directors and trustees.”

“The organization makes its governing documents, conflict of interest policy, financial statements, and form 990 available upon request. Interested parties should contact the chairman at 26 chestnut street, massapequa, ny 11758 to request a copy of any of the documents. The organization freely distributes its documents (financial statements, tax determination letter, form 990, and form 1023, etc.) upon request.”

“The modified cash basis is a method that combines elements of the two major bookkeeping practices: cash and accrual accounting. It seeks to get the best of both worlds, recording sales and expenses for long-term assets on an accrual basis and those of short-term assets on a cash basis. The goal is to provide a clearer financial picture without dealing with the costs of switching to full-blown accrual accounting.”