A Little Help

“The executive director and board of directors receive a copy of the irs form 990 via email. The board can submit comments or questions based on their review prior to the return filing date.”

“The board monitors compliance with the conflict of interest policy through an ongoing process that includes annual disclosures of potential conflicts of interest. Any conflicts identified are documented in the board minutes, along with their resolution to ensure compliance with policy.”

“Compensation is reviewed and approved annually by the board of directors and written documentation is on file with the organization. Compensation for other key staff members is considered by the board during the annual budgeting process.”

“Governing documents, financial statements and the conflict of interest policy are available to the public upon request.”

“Subsequent to filing the 990, a financial audit was completed. Audit adjustments resulted in the following changes: balance sheet assets: cash decreased by 10,630 donations receivable increased by 10,630 prepaid expense increased by 9,333 property and equipment increased by 12,096 other assets increased by 99,234 total assets increased by 120,663 liabilities: accounts payable increased by 5,564 deferred revenue increased by 17,316 other liabilities increased by 101,753 total liabilites increased by 124,633 net assets: net assets without donor restrictions decreased by 12,892 net assets with donor restrictions increased by 8,922 total net assets decreased by 3,970 revenue: gifts grants and contributions: fundraising events decreased by 52,009 government grants decreased by 17,316 all other gifts, grants and contributions decreased by 15,034 investment income increased by 147 gross income from fundraising events increased by a net of 36,557 total revenue decreased by 47,655 expense: other salaries and wages increased by 5,111 accounting fees increased by 17,800 other fees for services increased by 14,460 advertising increased by 2,200 information technology increased by 12,685 depreciation expense increased by 4,550 insurance decreased by 9,333 program/event supplies increased by 3,100 background checks increased by 452 all other decreased by 85,935 total expense decreased by 34,909”