Diamond Cutter Classics

“Michael roach serves as officer / director on numerous other non-profit entities. Michael roach has a business relationship with two entitities the organization purchases from.”

“The form 990 is reviewed and approved by the board president and the treasurer. The board president signs the 990 before it is submitted to the internal revenue service”

“Directors shall serve diamond cutter classics (dcc) with the highest degree of undivided duty, loyalty, and care and shall undertake no enterprise to profit personally from their position with dcc. Dcc's board of directors shall not enter into any contract or transaction with any director of dcc, or any organization in which a director has a material financial interest, unless the relevant interest is fully disclosed, the interested director does not vote, and the board authorizes the transaction in good faith by a majority vote of the remaining directors.”

“The organization's compensation policy states that all compensation paid by the organization is reasonable based upon a review of comparability information. The board of trustees shall review and approve the compensation of all compensated individuals, officers, trustees, executive officers, directors or top management official, and key employees of the organization. Compensation shall be reviewed and approved by the governing body persons without a conflict of interest. In its review and approval of compensation, the governing body shall affirmatively determine that the compensation arrangement is reasonable to the organization based upon information sufficient to determine whether the value of services is the amount that would ordinarily be paid for like services by like enterprises, whether taxable or tax exempt, under like circumstances. The governing body shall record compensation deliberations in the minutes of its meetings.”

“The organization will make their application for recognition of exemption and annual information returns available upon request without charge except for a nominal fee for reproduction and actual postage costs. Annual information returns will be available for three years after filing.”

“If the governing documents and conflict of interest policy of the organization are subject to federal or state public disclosure rules, these documents will be made publicly available as applicable law may require. Otherwise, the governing documents and conflict of interest policy will be provided to the public at the discretion of management.”

“Contract labor: program service expenses 105,943. Management and general expenses 1,324. Fundraising expenses 0. Total expenses 107,267.”