North Carolina Victim Assistance

“The form 990 is made available to the board of directors prior to filing. The executive director and the executive committee review the form 990 before it is signed and filed.”

“The conflict of interest policy covers all members of the board of directors, who are required to disclose any potential conflicts to the executive committee annually. The executive committee approaches the potentially conflicted board member to discuss steps to remediate the situation.”

“The executive committee periodically sets, reviews, and approves compensation for the executive director. Market factors are considered in the determination.”

“Governing documents, the conflict of interest policy, and financial statements are made available upon request.”

“Purpose of amendment: the amended form 990 was filed to correct program service expense classifications, update prior year comparative figures, and incorporate information obtained after the original submission. The amendments reflect final reconciliations completed during the organization's financial review process and the impact of the retroactive amendment filed for the prior tax year (july 1, 2022 to june 30, 2023). Summary of changes: 1. Program service & grant expense adjustments: *total program service expenses were corrected to $737,736, reflecting finalized grant and program expenditure reconciliations. *this adjustment confirms that federal and state grant expenditures remained below the $750,000 threshold, meaning the organization was not required to undergo a federal or state single audit for this period. 2. Revenue & expense reclassifications: *certain revenue and expense line items were reclassified to ensure proper categorization in accordance with form 990 reporting requirements. *these corrections did not change total revenue or total expenses materially but ensured accurate allocation among program, management, and fundraising functions. 3. Prior year comparative figures updated: *prior year amounts presented in the "prior year" column were updated because the organization filed an amended return for the 2022-2023 tax period. *these updates ensure consistency between the current year filing and the irs accepted amended return for the preceding year. 4. Functional expense allocations: *program and management & general expenses were adjusted to reflect more accurate classification of staff time, grant related costs, and operating expenditures. *no new activities were added; adjustments solely reflect improved accuracy based on subsequent documentation. 5. Balance sheet adjustments: *beginning of year asset, liability, and net asset balances were revised to align with the corrected ending balances from the amended prior year return. *these adjustments ensure proper continuity across reporting periods. 6. Schedule updates: *schedule a: public support calculations were updated to incorporate corrected current and prior year revenue inputs, resulting from the amended reporting. *schedule b: contributor reporting was updated where necessary based on corrected revenue classifications. *schedule c: lobbying expenditures were updated to the corrected current year amount. Summary statement: this amendment ensures the form 990 accurately reflects the organization's financial activity, program expenditures, and required disclosures for the period july 1, 2023 through june 30, 2024. Corrections were made to maintain compliance, improve reporting accuracy, and incorporate the effects of the prior year amended return. Additionally, due to the updated classifications and prior-year adjustments, the amended returns confirms that grant expenditures did not trigger single audit requirements.”