Community Free Clinic Inc

“Organization presents form 990 first to the president of the board of directors, who reviews the form. After which, the form 990 is presented to the full board for public discussion.”

“Organization follows transparent process is determining compensation and increases therein. Compensation process for officers/directors of the organization are completed through a board review and apporval process. Compensation packages and increases are first reviewed by the board and based on performance reviews and cost of living increases.”

“Organization follows transparent process is determining compensation and increases therein. Compensation process for officers/directors of the organization are completed through a board review and apporval process. Compensation packages and increases are first reviewed by the board and based on performance reviews and cost of living increases.”

“Explanation regarding no public disclosureform 990 is made available for public inspection upon request. The organizations form 990 is also posted to a website that contains numerous other form 990 non-profit tax reports and is available for anyone to view.”

“Governing documents disclosurethe organization will provide copies of its governing documents, conflict of interest policy and financial statements to individuals who request them.”

“Balance sheet note (fixed asset)the organization received a donation of real estate, more specifically real estate situated adjacent to current operations, with the address of 235 mill street, suite 3 hagerstown, md. The property is listed on the balance sheet at the independently appraised value of $260,000 plus closing costs of $1,235. The total fixed asset attributable to the real estate donation is $261,235. The real estate was donated by dr mitesh kothari, md and erin kothari on may 22, 2018.”

“Fin 48 footnotethe organization qualifies as a tax exempt organization under section 501(c)(3) of the internal revenue code and therefore has no provision for federal income taxes. The organization follows fasb accounting standards codification, which provides guidance on accounting for uncertainty in income taxes recognized in an entitys financial statements. The organizations policy is to recognize interest and penalties on unrecognized tax matters in income tax expense in the financial statements. The organizations federal and state tax reports are subject to examination by the internal revenue service and state tax authorities, generally for a period of three years after the reports are filed.”