For Others Collective Inc

“During the tax year, the organization restructured from a supporting organization described in irc section 509(a)(3) to a public charity described in irc section 170(b)(1)(a)(vi). This change reflects the organization's transition to a publicly supported charity, receiving a substantial part of its support from contributions from the general public and/or governmental units. The organization has updated its governing documents and operations to comply with the requirements of section 170(b)(1)(a)(vi), and it has completed the applicable public support test in schedule a, part ii.”

“The founder of the corporation is chris tomlin ("donor"). Members of the "donor group" shall be appointed, removed and replaced by chris tomlin so long as he is living and competent, otherwise the current members of the donor group may elect additional members to be included in the definition of the donor group for purposes of the bylaws and shall inform the board of directors which shall acknowledge the additional donor group members by resolution. The donor group shall always have at least two representatives on the board of directors.”

“Once form 990 is prepared, the return is reviewed and approved by the executive director. The form 990 is then sent to all directors prior to filing with the irs.”

“The organization requires officers, directors, and key employees to complete an annual conflict of interest statement acknowledging receipt and review of the policy and adequately disclosing the nature of any potential conflicts. If a conflict of interest is present, after the interested party provides all pertinent details regarding the potential conflict, the subject officer, director, or key employee is recused from any further discussion, deliberation or voting on the matter. The governing body or a relevant committee will then review the potential conflict and determine an appropriate course of action in accordance with the conflict of interest policy.”

“Compensation for employees earning over $50,000 is reviewed and approved by the board of directors based on a comparability analysis, with the decision and related deliberations documented at the time of approval.”

“The organization makes its form 990 available upon request.”

“The organization does not make its governing documents, policies, or financial statements available to the public.”

“There was a prior period adjustment for the write off of a promise-to-give. This adjustment is also reflected on schedule a and disclosed in part vi of schedule a.”

“The financial statement audit for the period ending 12.31.2024 is in process but has not been completed as of the due date of the form 990 filing.”