Northmont Holdings Inc

“The inital review of the completed form 990 will be by senior management staff and accounting staff and any questions or issues will be brought to the cpa for resolution. Copies of the 990 will be submitted to each board member along with a letter from northmont holdings president soliciting their comments or questions concerning any information on the return if there are any questions, we will seek to resolve with input from cpa and senior staff. Once final approval is given by the board, form 990 will be filed.”

“The officers and managers or northmont holdings closely monitor activities of northmont holdings so that it operates in a manner consistent with its charitable and educational purposes and does not purposefully, unintentionally, or inadvertently engage in activities that could jepordize its tax exempt status. All directors, officers, and employees are covered by the conflict of interest policy. Each contract, agreement, arrangement, and expense is carefully reviewed by senior management and the general counsel as to whether contracts, partnerships, joint ventures, strategic alliances and any other type of arrangements (formal or informal) conform to northmont holding's written policies, are properly memorialized in writing if for goods and services, reflect reasonable payments for goods and services, further charitable purposes, and do not result in inurement, an impermissible private benefit, or excess benefit transaction. More specifically, senior management (excluding the individual with the potential conflict) and the general counsel review transactions for potential conflicts of interest. To date no actual conflicts of interest have been detected but if such conflicts were detected board review would be required with the disqualified person excluded from deliberation and appropriate restrictions would be enforced.”

“The organization's governing documents and conflict of interest policy are avaliable upon request.”

“Northmont holdings financial statements were prepared on a consolidated basis this year. The consolidated financial statements are composed of government accountability institute, northmont holdings inc, big bend studios inc, and accountability films inc. Northmont holdings is a wholly owned subsidiary that leases office facilities to government accountability institute. Accountability films inc. Which is also a wholly owned subsidiary, was formed for the sole purpose of producing films for government accountability institute. Big bend studios, inc. Is a wholly owned subsidiary for a studio that is used by government accountability institute. All significant intercompany balances have been eliminated.”