Dillon International Inc

“The Board of Directors are the Members of the Corporation. They may NOT receive any compensation for serving as a Board member and they may NOT receive any dividends from the income of the Corporation.”

“This question is not applicable as the organization does not have any committees with authority to act on behalf of the governing body.”

“The Board Chair appoints a Board member qualified in non-profit accounting and tax matters to assist the staff in preparing the Form 990 forms. Upon completion a draft of the Form 990 is sent to all Board members for review prior to the filing of the form.”

“Directors and officers are required to submit a statement of disclosure upon appointment to the Board and thereafter annually. The purpose of the statement is to provide a mechanism for the disclosure of any actual or potential conflicts of interest. Any actual or potential conflicts that arise between annual statement submissions are required to be communicated as soon as possible in writing to the Executive Director. The Conflict of Interest policy is explained at the time of issuance for signature. The Conflict of Interest policy defines disqualified persons and potential conflicts. Any conflicts that arise are reviewed and approved by the Dillon International Inc. Board outside of the presence of the individuals involved.”

“Form 990 is available on Guidestar.”

“Governing documents, conflicts of interest policy, and financial statements are available for review by request. They may be reviewed at Dillons office in Tulsa or may also be sent by mail. Form 990 is available through Guidestar.”

“The reporting requirements of Form 990 sometimes are different from the requirements of Generally Accepted Accounting Principles for reporting in audited financial statements. Certain offsets to revenue included in the revenue section of the audited financial statements are required to be reported as expenses in the Form 990. Certain expenses reported as reductions to revenue in the revenue section of the financial statements are required to be reported as expenses in the Form 990. Certain expenses required to be reported as reductions to revenue in the Form 990 are required to be reported in the expense section of the financial statements. Amounts transferred between temporarily restricted and unrestricted net assets are reported in the Statement of Activities in the financial statements, but are not to be reported in Part VIII Statement of Revenue in the Form 990. The net effect of all these differences between financial statement reporting and Form 990 reporting (often referred to as book/tax differences) are shown in Part XI on Line 9 as Other changes in net assets. The result of this entry is that net assets shown in the Part X Balance Sheet will be the same as the net assets reported in the audited financial statements.”