Erf Tower II Inc

“The organization uses the services of griffin partners for management and leasing of tenant office space. They hire and manage employees who work in the building. They also create an annual budget and monthly financial reports for the building's operations.”

“As explained in the response on schedule o, form 990, part iii, line 3, above, the organizations certificate of organization was restated with the texas secretary of state to reflect the above-described restructuring. Likewise, the organizations bylaws were amended and restated during the taxable year to reflect this restructuring. The amended and restated bylaws adopted during the taxable year include no substantive changes other than the changes necessary to reflect the restructuring. Other than the changes necessary to reflect the restructuring”

“Each director is provided a copy of the form 990. The form 990 is explained in detail by the ceo and all questions raised by individual board members are discussed. When the presentation and discussions are completed the board takes formal action to approve the form 990. The board's approval is reflected in the minutes of the meeting.”

“The organization requires each director to acknowledge the conflict of interest policy at least annually, and at least annually report any ongoing potential conflicts. Each director is required to inform the board on each occasion a potential conflict arises. The board addresses the situation in accordance with the written conflict of interest policy.”

“See schedule j, part i, line 3”

“See schedule j, part i, line 3”

“All documents required to be made available to the public by the internal revenue service or by the governing laws of the state of texas are available upon written request. These documents include, but are not limited to, the certificate of formation, audited financial statements, and form 990.”

“No former officers or directors were compensated after separation from the board of directors or employment of the related organization.”

“This organization was organized for the exclusive purpose of holding title to real estate, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization exempt from taxation under section 501(a) of the internal revenue code. At the time of its formation, the organization was a title holding company of the ed rachal foundation (ein: 74-1116595), a section 501(c)(3) private foundation. As explained below, the ed rachal foundation restructured its relationships to its title holding companies during the taxable year; consequently, this organization is now a title holding company of erf real estate, inc. (ein: 20-2661759), a section 501(c)(2) title holding company. Erf tower ii, inc. Remains organized and operated for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to erf real estate, inc. Attached are true and correct copies of the certificates of filing issued by the texas secretary of state in order to effectuate the above described restructuring.”

“Erf tower ii, inc. Was formed as title holding company under internal revenue code section 501(c)(2) organized and operated for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to the ed rachal foundation, a 501(c)(3) private foundation, at least annually; all of which are activities described in section 501(c)(2) of the code. Erf real estate, inc., erf port aransas, inc., and 802 nc, inc. Were also section 501(c)(2) title holding companies of the ed rachal foundation. During the taxable year, the directors of the ed rachal foundation restructured its relationship with erf real estate, inc., 802 nc, inc., erf port aransas, inc., and erf tower ii, inc. Following the restructuring, erf real estate, inc. Remains a title holding company of the ed rachal foundation. However, 802 nc, inc., erf port aransas, inc., and erf tower ii, inc. Are now title holding companies of erf real estate, inc. Rather than the ed rachal foundation. Enclosed are true and correct copies of the certificates issued by the texas secretary of state in order to effectuate the above described restructuring. Erf tower ii, inc. Remains organized and operated for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to erf real estate, inc., a 501 (c)(2) title holding company, at least annually, all of which are activities described in section 501(c)(2) of the code. Under the two-tier structure implemented during the taxable year, the income that erf tower ii, inc. Distributes to erf real estate, inc. Is, in turn, distributed by erf real estate, inc. To the ed rachal foundation at least annually. Erf real estate, inc. Filed an application with the internal revenue service during the taxable year for a group exemption for 802 nc, inc., erf port aransas, inc., and erf tower ii, inc. As its subordinate organizations pursuant to revenue procedure 80-27.”

“Capital contributions 453,754 unrealized change in fmv of assets -81,526 total 372,228”