The Marathon Initiative

“The treasurer and secretary jointly oversaw the 990 filing. The organization outsourced the preparation of the 990 form to its cpa firm. The treasurer and secretary jointly reviewed the draft copy and presented it to the chairman. The board reviewed the document before submission.”

“The organization maintains a written conflicts policy that precludes officers from making any decisions from which they will benefit financially. The policy requires that any potential conflicts be disclosed. Potential conflicts of interest are required to be reviewed and determinations are made as they arise.”

“Officers' salaries and senior employees' salaries are determined by the chairman on the basis of performance and comparisons to employees with similar responsibilities at comparable organizations in the same geographic area to ensure compensation reflects market standards.”

“Financial documents are publicly disclosed annually by the irs via form 990, as required of all 501(c)(3) organizations. When required by 501 (c)(3) organizations, documents are made available upon request.”

“The organization has an informal document retention policy and is in the process of preparing a formal document retention and whistleblower policy for board review and approval.”

“This return has been amended as follows: changes to reported contributions and expenses and accrual basis account adjustments were identified as part of a review and analysis conducted by the organization's outside accounting firm at management's request. The review and analysis included the years 2020, 2021 and 2022. The changes applicable to 2022 have been reported on this amended return. Total reported contributions for 2022 have been decreased by $62,355. Total reported 2022 expenses have been decreased by $66,621. These changes have been reflected throughout this amended return in all relevant areas. 990 page 4, part iv, question 34, regarding related parties, has been answered yes and schedule r has been added.”