Massachusetts Peace Action Education Fund Inc

“The organization reviews the 990 form at a board meeting prior to submitting them to the IRS.”

“The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meetings.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization uses the following methods to establish compensation packages for its employees Personnel committee decides on recommendation by the Executive Director.”

“During 2024, Massachusetts Peace Action Education Fund the organization entered into a shared services agreement with Massachusetts Peace Action, a related organization exempt under section 501c4. Under this agreement, the 501c4 entity reimbursed the organization for a portion of compensation costs attributable to services performed on its behalf. All compensation was paid by the organization and reported in full on the employees Form W-2 under the organizations EIN. For reporting purposes on Form 990, the organization has allocated and disclosed the portion of the compensation attributable to services performed for the 501c3 entity in column d and the portion attributable to services performed for the 501c4 entity in column e.”

“The prior period adjustment relates to Deferred Revenue that should have been recognized as income during the 2017 fiscal year. Instead, the amount remained on the Balance Sheet as Deferred Revenue in subsequent years. To correct this, the organization has adjusted beginning net assets Retained Earnings to properly reflect the revenue in the appropriate period. In addition, certain accounting entries previously recorded under the 501c3 entity were determined to belong to the 501c4 entity. These entries have been reclassified accordingly, and the beginning net assets have been adjusted to reflect the proper allocation between the two entities.”