Sa Youth

“The annual form 990 is forwarded electronically to each board member as soon as it is received from the preparer. The board members are given the opportunity to review the form 990 and ask questions concerning its content. Once unanimous approval is received from the board, the chief executive signs the form 990 and it is submitted to the i.r.s.”

“Annually, board members are asked to disclose potential conflicts of interest in writing or at the time of a potential conflict, real or apparent arises. Those members are asked to abstain from the decision making process if the circumstances require it, or resign from the board, if necessary.”

“The chief executive's compensation is approved by the full board of directors following a committee recommendation. Other employees' compensation and holiday bonsues are authorized by the chief executive officer.”

“The organization makes its governing documents, form 990, conflict of interest policy, and financial statements available to the general public through the guidestar website, funder mail-outs, sa youth website, and upon written request.”

“Sa youth po box 7844 san antonio, tx 78207 employer identification number: 74-2333088 for the year ending december 31, 2017 sa youth is making the de minimis safe harbor election under reg. Sec. 1.263(a)-1(f).”

“Prior period restatement -1,000,000. Prior period restatement 16,034.”

“The organization's process for assuming responsibility for oversight of the audit, review, or compilation of its financial statements and the selection of an independent auditor have not changed from the prior year.”

“During the year ended december 31, 2017, an evaluation of pledge receivables revealed a $1,000,000 pledge from a donor that should not have been recognized as a pledge receivable at december 31, 2016 as it was conditional based on the organization's purchase of a building. The organization decided not to purchase the building, and, therefore, the donor did not fulfill their pledge. Additionally, an evaluation of insurance expense revealed an understatement of $16,034 in prepaid insurance as of december 31, 2016. Correction of these misstatements resulted in a net decrease of $983,966 in undesignated net assets without donor restrictions at december 31, 2016.”