Coalition to Preserve La Inc

“Coalition to preserve la inc.'s outside cpa firm and the parent organization's (ahf's) finance personnel prepare the form 990. The form is then reviewed and approved by ahf's controller and chief financial officer.”

“The organization requires all employees to disclose, at least annually, all sources of income from compensation or from ownership of every outside entity that (a) sold, supplied or provided services (b) operated a competing enterprise or (c) provided goods or services to the organization in the last six months. The organization also requires all directors to annually sign a statement affirming (a) receipt of the organization conflict of interest policy (b) understanding of the policy and (c) agreement with the policy. The organization conflict of interest policy describes how the organization will resolve possible conflicts of interest.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request. However current tax law does not require thes documents be provided to the public.”

“Other change in net assets 667,385.”

“Explanation of relationship termination: coalition to preserve la reports housing4humanity on schedule r because the entity met the definition of a related organization at the beginning of the tax year. The relationship ceased on december 12, 2024 when aids healthcare foundation resign as the sole member of the houesing4humanity. Accordingly, housing4humanity is included on schedule r to reflect its status as a related organization during a portion of the reporting year.”

“Explanation of relationship termination: coalition to preserve la reports ahf mco of georgia inc. On schedule r because the entity met the definition of a related organization at the beginning of the tax year. The relationship ceased on october 3, 2024 when the entity was dissolved. Accordingly, ahf mco of georgia inc. Is included on schedule r to reflect its status as a related organization during a portion of the reporting year.”

“Explanation of relationship termination: coalition to preserve la reports crates modular inc. On schedule r because the entity met the definition of a related organization at the beginning of the tax year. The relationship ceased on july 18, 2024 when the entity was dissolved. Accordingly, crates modular inc. Is included on schedule r to reflect its status as a related organization during a portion of the reporting year.”

“During the year the controlling exempt organization (aids healthcare foundation) assumed the net liabilities of its section 512(b)(13) controlled entity totaling $667,385, consisting of an intercompany payable of $712,953 and an intercompany receivable of $45,568. The controlled organization, coalition to preserve la inc., was dissolved following the assumption, and all intercompany balances were eliminated. No gain or loss was recognized by either organization, as this was an intercompany transfer within a controlled group. Description of transaction: description: assumption of intercompany receivable ($45,568) and intercompany payable ($712,953)by controlling parent organization upon dissolution of the controlled entity. Purpose: to settle all intercompany balances and transfer net liabilities in connection with the dissolution of the controlled entity under an irc section 512(b)(13) relationship. Amount: net transfer of $667,385 in liabilities assumed by the controlling organization.”