Afcea Building Service Corporation

“The form 990 was prepared and reviewed by senior management. Because of the minimal activity and dissolution of the entity the board of directors delegated the review of the form 990 to senior management. The prior independent auditors were consulted for questions regarding the preparation of the form 990. The return was initially paper-filed by the organization, but due to the new electronic filing requirement for form 990, the organization subsequently engaged its independent auditors to prepare the return for electronic filing. The return was reviewed by senior management prior to e-filing.”

“Annually, the board reviews and discusses the conflict of interest policy and members sign a conflict of interest statement. If there is a conflict the board member would be asked to resign and/or recuse themselves from any vote whereby the conflict would come into play. There were no more meetings subsequent to the dissolution of the entity.”

“Compensation is reviewed and approved annually by an independent compensation committee who reports to the board of directors. The compensation is approved by the independent board of directors as part of approving the annual budget. Because of the dissolution of the entity there was no compensation paid in the tax year.”

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

“In august 2019 the building service corporation board of directors voted unanimiously to dissolve the building service corporation. The assets of the corporation had been sold and reported on the 2018 form 990. In 2020 the remaining liquid assets were transferred to the parent organization, afcea international, ein-53-0180161,a 501(c)(6) organization.”

“Other changes amount -3,479,122.”

“In all prior years, the audit committee scheduled a planning meeting to review preliminary year- end results for the entity, discuss audit planning, and identify potential risk areas or areas of particular audit/risk interest. Because of the dissolution of the entity and no operating income during the tax period the board of directors voted not to have an audit performed in the current tax year because of the very limited activity and ultimate transfer of assets to afcea international which is annually audited.”

“Upon dissolution of the entity and receipt of interest income and payment of final invoices, the remaining cash was transferred to afcea international, the parent organization. This was the only remaining asset and net asset.”