Coehms Corp

“Any transaction in which a Director or officer has a financial or personal interest shall be duly approved by members of the Board of Directors not so interested or connected as being in the best interests of the organization.”

“Submitted to and approved by governing body.”

“Available upon request.”

“The Organization did not engage in any transactions during the year that resulted in private inurement or impermissible private benefit within the meaning of section 501(c)(3). No part of the Organizations net earnings inured to the benefit of any private shareholder or individual. A complete copy of Form 990 was provided to the Organizations governing body prior to filing. The governing body reviewed and approved the return before submission.”

“Revenue reported as contributions consists of voluntary transfers made without the expectation of goods or services in return. Program service revenue represents amounts received from activities substantially related to the Organizations exempt purposes, including religious retreats, counseling, training, and instruction.”

“Effective January 1, 2024, the Organization transitioned from a taxable C corporation to a tax-exempt organization described in section 501(c)(3). Upon recognition of tax-exempt status, all assets and liabilities of the taxable corporation were dedicated exclusively to charitable purposes within the meaning of section 501(c)(3). No shareholders, officers, directors, or other private persons retained any ownership or equity interest in the Organization following the transition, and no private inurement occurred. Amounts reported as net assets without donor restrictions include balances carried forward from the Organizations final taxable year and activity occurring after recognition of tax-exempt status. Any amounts generated during periods when the Organization operated as a taxable corporation are reflected as net assets without donor restrictions and are fully dedicated to the Organizations exempt purposes.”

“Public Charity Status First Five Years (Schedule A) The Organization qualifies as a publicly supported organization under section 509(a)(1) and is relying on the first five-year public support period applicable to newly recognized section 501(c)(3) organizations. During the year, the Organization received support consistent with its exempt purposes and expects to continue to meet applicable public support requirements.”