Big Sky Bravery Foundation

“The board reviews the form 990 before filing.”

“To ensure the organization operates in a manner consistent with charitable purposes and doesn't engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. Further, in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“The board or compensation committee shall obtain and rely upon appropriate data as to comparability prior to approving the terms of compensation. Appropriate data may include the following: i. Compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions. "similarly situated organizations are those of a similar size, purpose, and with similar resources; ii. The availability of similar services in the geographic area of this organization; iii. Current compensation surveys compiled by independent firms; and iv. Actual written offers from similar institutions competing for the services of the person who is the subject of the compensation arrangement.”

“The organization will readily provide appropriate documents to whoever asks for them.”

“The following parts and schedules were amended as described below: page 1 - phone number was changed to the current phone number of the organization. Part i - line 1 - the organization's mission is stated instead of its most significant activities. - lines 3 & 4 - the number of voting members and independent voting members was corrected. - line 6 - the estimated number of volunteers was corrected. - lines 8 through 22 - specific changes to revenue, expenses, and balance sheet items are described below. Part ii - the return was prepared by a different accounting firm. Part iii - line 1 - the organization's mission was updated to provide more detail. - line 4a - the organization's program service accomplishment description was updated to provide additional detail on the accomplishments achieved during the year. Expenses and grants were also corrected. Part iv - line 2 - schedule b is required so this box was checked. - line 10 - the organization held assets in a quasi-endowment so this box was checked. - line 11e - please see changes to liabilities described below. Part v - line 2b - the organization filed all required federal employment tax returns so this box was checked. - lines 7a & 7b - the organization did receive payments in excess of $75 made partly as a contribution and partly for goods and services provided (fundraising events). The organization also provided the donor the value of the goods and services received. Both boxes are now checked. Part vi section a - lines 1a & 1b - the number of voting members and independent voting members was corrected. - lines 8a & 8b - the organization has always documented meetings so these boxes are now checked. Part vi section b - line 11a - the organization has always provided the board with a copy of the 990 to review prior to filing so this box is now checked. - lines 12a, 12b & 12c - the organization has always had a conflict of interest policy; officers, directors, and key employees are required to disclose annually any conflicts of interest; and the organization monitors and enforces the policy so all three boxes are now checked. - line 15a - the organization does have a process for determining the executive director's compensation so this box is now checked. Part vi section c - line 18 - the organization's form 990, 1023, and 990-t (if applicable) are available upon request so this box is now checked. - line 19 - the organization will make these documents available upon request. - line 20 - the contact information for the person who possesses the organization's books and records was updated. Part vii - the organization's officers and directors were corrected. - the president's other compensation information was corrected (column f). Part viii - lines 1c & 8a were updated to report contributions from fundraising events. - line 1f was corrected by removing in-kind contributions. - line 8c column (d) - net fundraising events are now properly reported as revenue excluded from tax under sections 512-514. - lines 10a & 10b were corrected. Part ix - the allocation of expenses for the entire statement was reviewed and updated to report program service, management & general, and indirect fundraising expenses more accurately. - line 1 was updated to report contributions to other organizations. - line 4 is now blank. The amounts reported here on the originally filed return were officer benefits. They are now reported on line 5. - line 5 was updated to report the correct amount of officer compensation and benefits. - line 7 was updated to report other salaries and wages. - line 13 was updated to report all expenses required to be reported here, such as postage and shipping which was previously reported on line 24d. - line 14 was updated. Fees reported here were moved to line 24e. - line 16 was updated to include utilities. - line 19 was corrected by removing in-kind expenses. - line 22 was updated to reflect additional capitalized asset being depreciated. - line 24 was updated. Expenses t”