Sociedad De Edad De Oro Suprema

“form 990 provided to all board members at monthly board meeting prior to filing.”

“officers and directors are also members of indivudal lodges- they monitor all lodge activity, and report to the full board regarding all policies.”

“compensation is not paid to management, officers, directors or other key employees- all hours provided to the organization by these persons are strictly voluntary.”

“The organization makes its governing documents, conflict of interst policy and financial statements available to the public upon request by any public individual. The request must be made in writing, then an appoinment is set as all records are kept with both the then-serving treasurer and secretary at their homes, as the organization has no facility. The requested documents are then made available to that individual. The organization's disclosure policy also informs public individuals that its forms 990, as filed, are available at the irs website and at guidestar.com.”

“Prior period reconciling entry = $835865”

“The organization has 17 individual lodges that collect member fees on behalf of the head lodge. These fees are submitted to the head lodge on an annual basis and are appropriately reported as revenue. In addition, the individual lodges are allowed to raise funds for the benefit of the members and hold on to these funds in their own respective reserve accounts. It has been discovered during the 2016 tax year, that the reserve accounts of the individual lodges has inadvertently been excluded from total assets of the organization. Upon learning of the error, the board has worked diligently to resolve the reporting issue and has included these balances on the 2016 tax return as an increase to retained earnings.”