Genspan Foundation

“The 990 is reviewed and approved by the treasurer, board president, and bookkeeper prior to submission.”

“As a separate document, the foundation provides the directors/governing body.”

“The compensation package of the executive director is reviewed and approved annually by the executive committee.”

“Any member may inspect the accounting books and records and the minutes of the proceedings of the members, the board, and commitees of the board at any reasonable time for a purpose reasonably related to the member's interest as a member.”

“Pcpa event: program service expenses 1,584. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,584. Worker's compensation: program service expenses 855. Management and general expenses 366. Fundraising expenses 0. Total expenses 1,221. Books & pub: program service expenses 586. Management and general expenses 586. Fundraising expenses 0. Total expenses 1,172. Bank charges: program service expenses 0. Management and general expenses 941. Fundraising expenses 0. Total expenses 941. Volunteer screening: program service expenses 822. Management and general expenses 0. Fundraising expenses 0. Total expenses 822. Contract services: program service expenses 460. Management and general expenses 0. Fundraising expenses 0. Total expenses 460. Automobile expense: program service expenses 90. Management and general expenses 90. Fundraising expenses 0. Total expenses 180. Taxes and fees: program service expenses 0. Management and general expenses 55. Fundraising expenses 0. Total expenses 55.”

“Increase to investment value - endowment assets -10,400. Cumulative adj to investment value - other securities -7,308. Dissolution of organization and trnsfr assets to santa maria valley young -665,045.”

“The organization uses the modified cash basis method of accounting, recognizing revenues when received and expenses when paid, except for the accounting of payroll taxes, depreciation and inventories.”