Guazabara Foundation

“The organization has four voting board members all of whom are independent as defined by Form 990 instructions. No board member receives compensation and no board member has a family or business relationship with another.”

“The Form 990 was prepared by Abigail Maldonado and provided to all voting board members for review prior to filing. The board reviewed the return electronically and any feedback or corrections were incorporated before submission.”

“Line 12c Guazabara Foundation maintains a written conflict of interest policy. Officers and directors are required to disclose potential conflicts annually or as they arise. Compliance is monitored by the Executive Director who ensures disclosures are documented and any identified conflicts are addressed before decisions are made. Individuals with conflicts abstain from related deliberations and voting.”

“The organization makes its Form 990 governing documents and conflict of interest policy available to the public upon request by contacting the organizations principal officer.”

“| Explanation:| Line 11b The Form 990 was prepared by the organizations authorized agent and provided to the Executive Director for review prior to submission. The Executive Director reviewed the complete filing verified accuracy of program financial and governance information and approved the final version for submission to the IRS. A complete copy was provided to the governing body as part of the annual compliance review.”

“| Explanation:| Line 15a & 15b Guazabara Foundation does not currently pay salaries to officers or directors outside of grant-allowable reimbursements. If compensation becomes applicable the organization will utilize comparable compensation data independent review recusal from decision-making where applicable and documentation of deliberations. For the tax year covered the Executive Director received no salary; all reimbursements were for allowable grant-funded expenses only.”

“This amended return corrects Part VII to properly disclose officer compensation that was already included in total salary expenses but was not itemized on the original filing.”

“| Explanation:| Part X During the fiscal year an unexpected Intuit tax-service withdrawal occurred after the CBVI grant reimbursement period had ended. To prevent a negative account balance and ensure continuity of operations the Executive Director deposited $1,790.60 of personal funds. This amount is not a contribution or revenue; it is recorded as a liability Due to Executive Director and will be reimbursed from unrestricted funds when available.”