Coaches Outreach

“There are no committees with the authority to act on behalf of the governing body.”

“The Form 990 is prepared by a third party CPA who provides the Form 990 to the Treasurer of the organization for review. The Form 990 is distributed to the board of directors for their review and comments. Upon receiving approval, the CPA processes the return for e-file signature. Once the Form 8879-EO is signed and received the Form 990 is e-filed by the CPA.”

“The organization has a conflict of interest policy which covers the board of directors, officers and any key employees of the organization. Each person covered must sign a statement stating that they have reviewed the conflict of interest policy and certifying whether they have had any transaction with any parties that constitute a conflict of interest. These are reviewed at the board level and any person that would have an interest construed to be a conflict would not be allowed to vote on the related business.”

“The process for determining compensation for the President is: (1) the board reviews the performance of President and his contributions to the ministry assessed against the goals set at the beginning of each year,(2) the budget and present state of contributions are reviewed, (3) current salary and benefits are compared with other ministries and outside resources. This information is discussed with the board who approves the final adjustments to the compensation.”

“There are no other officers or key employees that receive compensation.”

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

“The board of directors has oversight responsibilty for the compilation of its financial statements and selection of the independent accountant. There have been no changes of the oversight or selection process during the year.”

“The financial statements of the Organization have been prepared on the modified cash basis of accounting which is a comprehensive basis of accounting other than generally accepted accounting principles. Revenues are recognized when received rather than when earned except for conference and banquet contributions received in advance. Except for prepaid costs, expenses are recognized when paid rather than when the obligation is incurred. The modifications result in the recording of assets with lives of more than four years as capital assets. Except for depreciation and investments marked to market at each reporting period, noncash transactions are not recognized.”