Level Field Facilities Fund Inc.

“The organization engaged level field partners, llc to provide comprehensive management services in 2021. Expenses incurred for these services were $75,000 in 2021.”

“The organization amended its by-laws on october 15, 2021 to reflect that no persons affiliated with level field charter partners, llc may serve as a voting member of the board; provided however that the president or co-president of level field charter partners, llc may serve as an ex officio non-voting director.”

“The organization had no committees with authority to act on behalf of the governing body.”

“The organization's form 990 is prepared by an independent accounting firm. It is reviewed by the board of directors and officers, and any open issues or questions are addressed and resolved. All members of the organization's governing body receive a complete copy of the form 990 prior to filing with the irs.”

“The organization has a conflict of interest policy which it annually monitors and enforces. The policy applies to officers, key persons, and members of the board of directors. The policy requires that such persons annual complete a conflict of interest disclosure statement, disclosing the material facts about any actual or potential conflicts of interest. The disinterested memebers of the board of directors are responsible for determining if a conflict exists and if so, the appropriate response to protect the interests of the organization. Persons with an actual or potential conflict of interest may not participate or be present during the deliberations and decision making with respect to the transaction.”

“The organization makes its form 990 available for public inspection as required by section 6104 of the internal revenue code. The organization also makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Financial advisory services : program service expenses 81,875. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,875.”

“Change in accounting method - cash to accrual -270,226.”

“The organization's entire board of directors assumes responsibility for oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”

“The organization was formerly on the cash basis. In 2021, the organization changed its method of accounting to accrual basis and obtained independent audited financial statements.”