Prairie Bridge International

“A. Pre filing: a copy of the completed form 990 is presented to the executive director and the board chair prior to filing. B. Post filing: -form 990 is presented to the rest of the board members at the first board meeting following the filing. -the board chair or the executive director provides a narrative on significant and material aspects of the form 990 to the board members. -starting in 2014 with the 2014 return, all board members sign an attest statement that they have reviewed the form 990”

“Form 990 part v lines 1c, 7g, 7h, and 8 through 14b - other irs filings and tax compliance: line 1c: the organization does not sponsor gaming and issued no forms w-2g. Line 7g: the organization did not receive any qualified intellectual property. Line 7h: the organization did not receive any cars, boats, airplanes or other vehicles. Lines 8 through 14b: none of these questions apply to this organization”

“Form 990 part v line 4 - foreign financial accounts. Prairie bridge international ("parent") established a controlling interest in tianjin prairie bridge educational information consulting co, ltd ("sub"). 100% of the sub's activities are to carry out the exempt purpose function of the parent; accordingly, there is no unrelated business activity performed by the sub. The parent's investment in the sub as of 12/31/2021 was $83,510. The sub is a chinese wholly owned foreign enterprise (wofe), which is the only type of entity allowed by chinese law availble in which the parent could invest. The sub is a chinese for-profit entity and, as such, is subject to chinese income tax on any generated profits.”

“The executive director and the board chair regularly review all company transactions to ensure compliance with the conflict of interest poicy”

“The organization makes its form 1023, forms 990, governing documents, conflict of interest policy, and financial statements available to anyone who makes their request in writing”

“Line 5: decrease in market value of investment as of december 31, 2021: $(53,553)”

“LINE 9: ROUNDING $0”

“The organization began recording transactions according to the accrual basis of accounting effective january 1, 2014; accordingly this 2021 form 990 reflects the accrual basis of accounting”