Ixtatan Foundation Inc

“Each year, after careful review of financial statements, a team of senior executives, come together to file the form 990, submits it for review to the board treasurer and president to sign off before submitting it to the IRS.”

“The Ixtatan Foundation has a conflict of interest policy that requires board members and key employees to disclose any potential conflicts of interest at the beginning of the year or during quarterly board meetings. This practice helped ensure transparency and ethical conduct within the organization.”

“All governing documents and financials are available at ixtatan.org”

“To reflect the changes in our filing system for the current tax year, specifically related to Part X, Line I. We have observed a shift from $142,851 to $54,511. The reason for this change is a deliberate separation in accounting for both branches of our organization. Previously, assets from the Guatemala office were accounted for as assets of the US branch. However, in the current filing, we have restructured our accounting practices, and these assets are now considered separately and reported on schedule F to accurately reflect activities outside the US.”

“To reflect the changes in our filing system for the current tax year, specifically related to Part X, Line I. We have observed a shift from $28,485 to $23,002. The reason for this change is a deliberate separation in accounting for both branches of our organization. Previously, assets from the Guatemala office were accounted for as assets of the US branch. However, in the current filing, we have restructured our accounting practices, and these assets are now considered separately and reported on schedule F to accurately reflect activities outside the US.”

“In accounts receivable 2,388 is no longer reflected here. The reason for this change is a deliberate separation in accounting for both branches of our organization. Previously, assets from the Guatemala office were accounted for as assets of the US branch. However, in the current filing, we have restructured our accounting practices, and these assets are now considered separately and reported on schedule F to accurately reflect activities outside the US.”

“Other assets 18,537.00 is no longer reflected here. The reason for this change is a deliberate separation in accounting for both branches of our organization. Previously, assets from the Guatemala office were accounted for as assets of the US branch. However, in the current filing, we have restructured our accounting practices, and these assets are now considered separately and reported on schedule F to accurately reflect activities outside the US.”

“Accounts payable and accrued expenses 2,065.00 is no longer reflected here. The reason for this change is a deliberate separation in accounting for both branches of our organization. Previously, assets from the Guatemala office were accounted for as assets of the US branch. However, in the current filing, we have restructured our accounting practices, and these assets are now considered separately and reported on schedule F to accurately reflect activities outside the US.”

“Escrow or custodial account liability 7,091 is no longer reflected here. The reason for this change is a deliberate separation in accounting for both branches of our organization. Previously, assets from the Guatemala office were accounted for as assets of the US branch. However, in the current filing, we have restructured our accounting practices, and these assets are now considered separately and reported on schedule F to accurately reflect activities outside the US.”