Kirby Stewart Post 24 Inc

“Once the organization has received form 990 and form 990t from the preparer it is submitted for review and approval by the governing body at the next scheduled meeting. The returns are discussed and explained at this meeting. If any questions or concerns arise they are discussed and resolved. Once all questions and concerns have been resolved, the governing body elects to approve the return and it is submitted to the federal government.”

“On an annual basis the organizations governing body reviews the compensation packages offered to all employees. Inquiries are made with other local american legion posts to determine the appropriate compensation for similar employees. Additional inquiries are made as deemed necessary with other local tax exempt organizations. Once the compensation packages have been determined they are voted on and approved by the governing body. Once approved the new compensation amounts are set and placed into effect.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by maintaining copies of all documents on hand in the administration office at the local post facility. Upon request, these documents can be produced and provided to the public.”

“For budgetary purposes the organization segregates expenses. Other expenses on form 990 total $122,856. Detail of the other expenses is shown on overflow statement page 6. Other unrelated business expenses total $46,106. Each fund has a separate detail statement.”

“Non-membership sales and other activites outside of the organizational purpose reported on form 990t generated net income in the amount of $83,733 inclusive of income tax.”