Nauticus DBA Nauticus Foundation

“Organization amended its bylaws adding that an officer may serve a maximum of two (2) consecutive one-year terms in a particular office, unless extended for additional years as voted by a majority of the board at the annual meeting.”

“The financial manager and the executive committee review preliminary drafts of the form 990. Once the 990 is in final draft form, it will be approved by the executive committee and distributed, on request, to members of the full board of directors.”

“Board of directors are reminded that all conflicts of interest need to be disclosed and are given the conflict of interst policy at the annual meeting.”

“Foundation makes the governing documents, conflict of interest policy, and financial statements available to the public upon request. Tax returns are also available for public inspection through guide star.”

“Food: program service expenses 33,287. Management and general expenses 4,861. Fundraising expenses 5,101. Total expenses 43,249. Program expenses: program service expenses 20,922. Management and general expenses 7,724. Fundraising expenses 4,184. Total expenses 32,830. Entertainment/promotional: program service expenses 19,822. Management and general expenses 1,870. Fundraising expenses 534. Total expenses 22,226. Rental equipment: program service expenses 13,967. Management and general expenses 598. Fundraising expenses 0. Total expenses 14,565. Marine supplies: program service expenses 11,656. Management and general expenses 84. Fundraising expenses 0. Total expenses 11,740. Education supplies: program service expenses 8,046. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,046. Dues & subscriptions: program service expenses 3,139. Management and general expenses 2,804. Fundraising expenses 0. Total expenses 5,943. Event sponsorship: program service expenses 0. Management and general expenses 4,850. Fundraising expenses 0. Total expenses 4,850. Utilities: program service expenses 559. Management and general expenses 4,144. Fundraising expenses 0. Total expenses 4,703. Taxes and licenses: program service expenses 820. Management and general expenses 2,747. Fundraising expenses 51. Total expenses 3,618. Repair: program service expenses 2,602. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,602. Miscellaneous: program service expenses 904. Management and general expenses 900. Fundraising expenses 0. Total expenses 1,804. Training: program service expenses 842. Management and general expenses 0. Fundraising expenses 0. Total expenses 842.”

“The foundation's executive committee is responsible for oversight of the audit, review of its financial statements and selection of the independent accountant.”