Amanda W Lockey Foundation

“1) payton lockey, president, and amanda lockey, vice-president, are married. Both of them donate their time to the foundation. 2) board member, mike williams is the father of amanda lockey, the vice-president. 3) liz michaels, who is the foundation bookkeeper and treasurer/secretary, is the cfo of payton lockey's business. She donates her time to the foundation. 4) no payments were made to businesses owned by any of the above related parties.”

“A draft of form 990 is provided to the board of directors. The draft is reviewed and discussed and any questions brought up by the board members are answered and cleared before the return is filed”

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: 1) has received a copy of the conflicts of interest policy, 2) has read and understands the policy, 3) has agreed to comply with the policy, and 4) understands that the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. When conducting the periodic reviews, the corporation may, but need not, use outside advisors. If outside experts are used, their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the general public upon request.”

“An audit is performed by an independent accounting firm. The auditor meets with the board of directors making a full presentation at the completion of the audit for the year answering any of the board's questions. The auditor works closely with the board of directors during the year should any concerns arise.”