Rimta Foundation

“There may be an "executive committee" of the board of directors, consisting of the officers of the foundation and not less than three (3) directors. Members of the executive committee shall be the president, treasurer and such other director as shall be elected by the board of directors. During the intervals between meetings of the board of directors, the executive committee shall have authority to exercise all of the powers of the board of directors in the management and direction of the affairs of the foundation, but it shall have no power to dispose of all or any substantial part of the assets of the foundation.”

“Organization's process to review form 990: the form 990 is prepared by an external accountant and reviewed by management. Once all are satisfied with the form, it is finalized, and a copy is sent to all board members at the subsequent board meeting. The board is asked if they have any questions or comments, and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting the form is submitted to the irs.”

“Rimta foundation makes its governing documents and its financial statements available upon request. Rimta will mail copies upon request or provide copies to those who come to the administrative office during normal business hours. Rimta foundation charges a fee for the copies in accordance with irs regulations.”

“Outside contract services: program service expenses 568. Management and general expenses 0. Fundraising expenses 0. Total expenses 568. Contract services: program service expenses 23,814. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,814.”