Jack Link Community Center Inc.

“John link and troy link have a family relationship.”

“The finance sub-committee has reviewed the form 990 and recommended approval to the board.”

“The center is newly organized; therefore, a formal monitoring process of the conflict of interest policy has not been set up for 2017. The center will begin operations in 2018, in which, an annual review of the conflict of interest policy will be performed and all interested persons will be required to complete a questionnaire. The center will remind interested persons that it is their duty to disclose potential conflicts as they arise throughout the year. The center's conflict of interest policy is applicable to any interested person including any officer, director, or member of a committee with authority to take action on behalf of the board of directors. An interested person is required to disclose the existence of the conflict and be given the opportunity to disclose all material facts to the directors and members of the designated committees considering the proposed transaction or arrangement. After disclosure of the conflict and all material facts, and after any discussion with the interested person, the interested person shall leave the board of directors or designated committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board of directors or designated committee members shall decide if a conflict of interest exists. If a conflict of interest exists, the board of directors or designated committee members are responsible for investingating alternatives to the proposed transaction or arrangement and after exercising due diligence, shall determine whether the center can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible, the board of directors or designated committee shall determine by majority vote of the disinterested directors whether the transaction or arrangement is in the center's best interest, for its own benefit, whether it is fair and reasonable, and whether it is consistent with the center's exempt purpose. If it is determined that an interested person failed to disclose actual or possible conflicts of interest, the board of directors or designated committee shall take appropriate disciplinary and corrective action.”

“The governing documents, conflict of interest policy, and financial statements are not available to the public.”

“Draft of 990 is reviewed by sub-committee prior to bringing 990 to board of directors for final approval of filing the 990.”

“990 return is being amended to agree with audited 2017 figures. Total revenue decreased by $2,610,531, which was the result of updating investment income and the gain from sales of investments to match reports provided by the investment company. Total expenses decreased by $61,562. The expenses changed were: the addition of employee wages (via leased employees) of $42,388; an addition of $1,261 in accounting fees; a decrease in office expenses of $138,059; a decrease in occupancy expense of $16,481; a decrease in insurance of $12,550; a decrease in contract labor of $69,815; a decrease in repairs and maintenance of $9,972; and an increase in all other expenses of $5,467. Of the changes in expenses, $169,919 was capitalized into construction in progress; $12,550 was found to be prepaid insurance; and accounts payable increased $120,892. Other liabilities increased $14 for sales tax payable. All of these changes result in net assets increasing $61,563. Additionally, contributors names and addresses were added to schedule b and fair market value of contributed securities were updated to the correct fair market values on the dates received.”