One World Childrens Fund

“The tax return is prepared by an outside accounting firm. After completion of said returns, the organization is sent a draft of the tax returns to be reviewed and examined. The organization makes copies of the returns and distributes to those individuals charged with governance. Those individuals at that time can review and if applicable discuss any line items in the return with the accountant who has prepared the return. If all items are found to be acceptable, an authorization is signed and provided to authorize the outside accounting firm to process, sign and provide copies of the returns to be filed (paper or electronically) with the designated governmental agencies. The tax returns are then signed by the organization, stamped and mailed with certified return receipt or the signed form 8879 is provided to the outside accounting firm allowing electronic filing.”

“The Board of Directors reviews and approves the Director's annual salary for performance and industry norms.”

“The Board of Directors reviews and approves the highly-paid and key employees' annual salaries for performance and industry norms.”

“Federal Tax Returns are available at guidestar.org.”

“Governing documents are available for public inspection at the principal place of business.The conflict of interest policy and the organization's financial statements are available upon request.”

“OTHER PROGRAM SERVICES 4: Other Programs consist of ACODEV, Apu Palamguwan Cultural Education Center, Teega Wende Orphanage, Batsiranai Craft Project, Bitone Children Center, BESO Foundation, Bocas School Project, Build a School India, CAMME, Crea+, COMPALCIHT, El Shadai, Foot2Afrika, FVS-Amade, Girls2Women, Innovate South Africa, Victor Hugo School, Jagriti Vihara, Khulani Special School, Kusoma International, Mubarika Campus, Nirvanavan Foundation, Nkomo CBO, NovatoSpirit, Pa-O National Development Organization, Partners in Development Foundation, People First Educational Trust, PETISOS, Prajna Vihar School, Precious Life, QZ Scholarship, Regenboog India Foundation, Rescue Me Foundation, Rotary Club of Negril, SivaShanta Health Clinic, Siyazigabisa Home of Hope,St. Paul & Rose Orphans' Care Centre, St Vincent's Children of Kibera, Tinga Tinga Secondary School, Topu Honis, Tunaweza Fund, Zakat International, Zambian Institute for Sustainable Development.”

“Total Events Expenses of $52,406 were mistakenly shown as Direct Event Expenses in Statement of Activities of orginal Form 990 of One World Children's Fund for year ending 9/30/2016. In the amended Form 990 of One World Children's Fund for year ending 9/30/2016, Event Expenses of only $19,008 have been accurately shown as Direct Event Expenses in Statement of Activities. The rest of Event Expenses of $33,398 have been correctly allocated as Fundraising Expenses in Statement of Functional Expenses.”

“Differences in beginning balances of accounts receivable (A/R) and net unrestricted assets of One World Children's Fund (OWCF) were results of Audit Report of it's Financial Statements for year ended September 30, 2016, performed in accordance with Generally Accepted Accounting Principles (GAAP) in the United States of America. Auditors made adjusting journal entries for OWCF that affected the beginning balances of the above-mentioned accounts. Tax followed Audit since the audit evidence was sufficient and appropriate to provide basis for these changes.”

“Total events expenses of $52,406 were mistakenly shown as Direct Event Expenses in Statement of Activities in orginal Form 990 of One World Children's Fund for year ending 9/30/2016. In the amended Form 990, event expenses of only $19,088 have been shown as Direct Event Expenses in Statement of Activities and rest of the event expenses of $33,398 were correctly allocated as Fundraising expenses in Statement of Functional Expenses.”