Drexel Community Fair Incorporated

“Susan price, 2nd vice-president, is the mother of william f. Price, director.”

“The board has two members designated as liaisons between the board and the 990 preparer. The preparer provides the 990 to the liaisons who are responsible for providing a complete copy to all other board members. Each board member reviews the return and calls any concerns or questions to the attention of the liaisons who relay the concerns to the preparer. After all concerns and questions are addressed by the preparer, the board votes to accept the final 990 as prepared. The president then signs an 8879te and returns it to the preparer and the preparer electronically files the return accordingly.”

“Interested persons are any persons with governing powers who have a direct or indirect financial interest in a transaction with drexel community fair. Interested persons must disclose their financial interest to the governing body,then remove themselves from any discussions of the transaction. The governing board explores whether they can obtain a more advantageous arrangement from disinterested parties. If one cannot be made, the governing board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organizations best interest, for its own benefit, and whether it is fair and reasonable. The interested person is not allowed to vote as a board member.”

“990 and 1023 are available for inspection at the office of drexel community fair upon request by appointment. Copies may be provided with a nominal charge to cover print,ink and labor costs. The 990 is also available for review through irs.gov and guidestar.org. Form 990 is available for inspection three years from the date it is required to be filed or the date it is actually filed, whichever is later.”

“The secretary is charged with keeping all governing documents including the articles of incorporation, conflict of interest policy, and bylaws . The public may inspect the documents upon request at the fair office by appointment with one of the board members representing the fair. Financial statements may be available for review, but documents not required to be disclosed by law may not be available for public inspection. Copies may be provided upon request at the discretion of the board, and a nominal charge for copying expenses (labor,ink and paper) will be payable by the requestor.”

“Cleaning $ 1,500 judges 125 security 3,280 entertainment 15,050 parking 350 __________ total 11g $20,305”