Nauticus DBA Nauticus Foundation

“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 37,271. Management and general expenses 8,990. Fundraising expenses 3,627. Total expenses 49,888. Program expenses: program service expenses 19,414. Management and general expenses 1,726. Fundraising expenses 8,479. Total expenses 29,619. Marine supplies: program service expenses 27,995. Management and general expenses 242. Fundraising expenses 0. Total expenses 28,237. Entertainment/promotional: program service expenses 20,796. Management and general expenses 2,570. Fundraising expenses 240. Total expenses 23,606. Repair: program service expenses 13,330. Management and general expenses 115. Fundraising expenses 0. Total expenses 13,445. Education supplies: program service expenses 11,264. Management and general expenses 879. Fundraising expenses 437. Total expenses 12,580. Rental equipment: program service expenses 9,280. Management and general expenses 125. Fundraising expenses 0. Total expenses 9,405. Dues & subscriptions: program service expenses 4,784. Management and general expenses 3,681. Fundraising expenses 694. Total expenses 9,159. Event sponsorship: program service expenses 554. Management and general expenses 6,527. Fundraising expenses 50. Total expenses 7,131. Utilities: program service expenses 366. Management and general expenses 3,834. Fundraising expenses 0. Total expenses 4,200. Training: program service expenses 0. Management and general expenses 1,750. Fundraising expenses 1,290. Total expenses 3,040. Taxes and licenses: program service expenses 638. Management and general expenses 902. Fundraising expenses 0. Total expenses 1,540. Miscellaneous: program service expenses 53. Management and general expenses -654. Fundraising expenses 67. Total expenses -534.”

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