Making Change

“Form 990 is mailed to each trustee for review and comment before it is filed.”

“Each trustee shall be responsible for disclosing to the corporation any matter that would make such trustee an "interested person" within the meaning of the law. In addition, at any time the board of trustees or the executive board shall have not more than forty-nine percent (49%) of the trustees or members as "interested persons" defined as (a) any person being compensated by the corporation for services rendered to it within the previous 12 months, whether as a full-time or part-time employee, independent contractor or otherwise; and (b) any brother, sister, ancestor, descendant, spouse, brother-in-law, sister-in-law, son-in-law, daughter-in-law, mother-in-law or father-in-law of any such person. Nothwithstanding the foregoing, any violation of the provision of this section shall not affect the validity or enforceability of any transaction entered into by the corporation.”

“Chief executive officer (ceo) compensation is determined by the executive board of trustees utilizing independent persons, comparability data, and contemporaneous substantiation of the decision making process. The president/ceo determines all other officer and/or key employee compensation.”

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

“Making change ceased operations and liquidated during the current tax year.”

“Distributions to making change liquidating trust -76,734.”

“Making change's board of directors approved a plan of dissolution on march 18, 2019, and the organization determined, therefore, that liquidation is imminent. As a result, the organization changed its basis of accounting on march 18, 2019, from the accrual basis to a liquidation basis.”