Cure International Inc

“Form 990 is prepared by an independent cpa firm and reviewed in detail by the organization's top management. The reviewed form 990 is then provided to the board of directors prior to filing with the irs.”

“Each director, principal officer and key employee shall annually sign a statement which affirms that such person: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; (c) has agreed to comply with this policy, and (d) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The chief financial officer is responsible for reviewing the signed statements and ensuring that interested persons are in compliance with the conflict of interest policy. Should any potential conflicts of interest be disclosed, the individual would be asked to refrain from participation in any deliberation or decision with regard to matters affected by the relationship.”

“The compensation committee reviews an industry compensation survey to determine the compensation of the organization's officers and key employees. Compensation is approved by independent board members during the budget approval process and is documented in the board minutes.”

“The organization's financial statements are available to the public on the organization's website. The governing documents and conflict of interest policy are made available upon request.”

“Per our interpretation of the form 990 instructions and in order to file a complete and accurate return, the financial activity reported on this form 990 includes the activity for separate hospital organizations that were formed to support cure operations in the respective countries. See schedule r, part ii for more information.”

“By letter dated august 5, 2022, the internal revenue service determined that cure international is a church because it is a public charity described in sections 509(a)(1) and 170(b)(1)(a)(i) of the internal revenue code (the "code"). As stated in that letter, cure international is not required to file form 990. Notwithstanding cure international's form 990 filing exemption, cure international has elected voluntarily to file form 990 out of a desire to foster transparency and accountability. Cure international's voluntary decision to file form 990 should in no way be interpreted as being inconsistent with its status as a church or be deemed a waiver of any of the rights of privileges that accompany its recognized status as a church. Cure international continues to operate in all ways as a church described in sections 509(a)(1) and 170(b)(1)(a)(i) of the code.”

“Loss on foreign currency exchange -1,649,650. Donated land lease amortization -348,097.”