Humane Society Lake County Area Inc

“The organization, pursuant to the montana nonprofit corporation act, has members (approximately 160). Members pay nominal annual dues ($25-$55) and receive no goods or services in exchange therefor.”

“7a - the members of the organization elect the board of directors”

“7b - members must approve any merger, consolidation, etc., disposition of a significanat amount of assets and amendments to the articles of incorporation and bylaws, pursuant to the montana nonprofit corporation act.”

“The organization keeps written minutes of members and the board of directors (and committees thereof).”

“The organization keeps written minutes of members and the board of directors (and committees thereof).”

“11b - each member of the board of directors received copies of this form 990 on august 3, 2022 prior to filing, asked to review carefully and to acknowledge that they had done so.”

“12 - the organizations conflict of interest policy is contained in its bylaws. In addition, in january of each year, each director, officer and key employee is required to deliver a written disclosure of such conflicts, if any, during the most recent fiscal year. The bylaws provide that such persons are required to disclose to the board upon the occurrence of any conflict of interest. As a practical matter, the board of directors monitors transactions, if any, at meetings and enforces the conflict of interest provisions at such time.”

“15a - two key employees of the organization, the shelter manager and the thrift store manager, receive salaries consistent with other persons in montana performing substantially similar functions with compatible experience. The compensation of all key employees is reviewed at least anually.”

“15b - two key employees of the organization, the shelter manager and the thrift store manager, receive salaries consistent with other persons in montana performing substantially similar functions with compatible experience. The compensation of all key employees is reviewed at least anually.”

“18 - the organization furnishes to any person who makes written request therefor copies of the organizations governing documents, financial statements and form 990.”

“2a & 2c: the organization does not currently have a separate committee of the board of directors that is responsible for oversight of the review and compilation of its financial statements. The board of directors reviews the financial statements monthly and the treasurer of the organization confers regularly with the independent accountant in the preparation of the financial statements. The board of directors was directly involved and responsible for the hiring, in 2014, of an independent accountant.”

“Part xi - reconciliation of net assets (line 9): change in net assets due primarily to reclassing budgeted expense items in prior year to assets, as well as changes in investment and endowment funds market values. It also includes sba ppp loan forgiven.”