Potomac Community Resources Inc.

“The chairman, president, vice president, secretary, and treasurer constitute executive committee. The executive committee shall have and exercise the authority of the board of directors in the management of the corporation, except that such committee shall have no authority to amend, alter, or repeal the bylaws, to elect, appoint or remove any director or officer of the corporation, or to approve any charter document required to be filed with the state department of assessments and taxation of maryland.”

“Mr. Brian p. Sullivan is the son of mrs. Joan sullivan. Ms. Sandra andreas mcmurtrie and ms. Amanda mcmurtrie herndon are mother and daughter. Mr. Lawrence ryan and mr. Robert j. Ryan are father and son.”

“Stephen f. Riley, p.c. Provides management services to pcr. Stephen riley does not receive any compensation directly from pcr.”

“Form 990 is reviewed by the organization's outsourced accountants, as well as the treasurer, executive director, and administrator prior to being filed. The form 990 is also distributed to the board of directors prior to filing.”

“The board president and executive director review all annual disclosures and monitor enforcement of the policy.”

“Compensation of the executive director has been delegated by the board of directors to the executive committee. The compensation was established using comparability data and the services are provided to the organization by contract.”

“All governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Consulting & contract labor: program service expenses 235,541. Management and general expenses 1,140. Fundraising expenses 16,166. Total expenses 252,847.”

“Conditional promises to give are recognized only when the conditions on which they depend are met and the promises become unconditional. Assets received in connection with conditional contributions are reported as deferred revenue until such time the conditions are met. At june 30, 2020, deferred revenue of $546,776 consists of event attendance and other contributions for the planned spring 2020 patricia sullivan benefit dinner event, which was postponed to september 2020 due to the coronavirus pandemic, as these contributions contain the inherent condition of pcr holding the event. The september 2020 event took place virtually and pcr recognized all conditional contributions from june 30, 2020, as fy2021 revenue.”

“Adoption of asu 2018-08 -143,459.”