Fostering Wishes

“The board of directors elects new board members. The organization is presently seeking officers and board members to assist with leading the organizations board of directors for the next fiscal year.”

“Governing body decisions, policy and due dilence are made by the board of directors and outside advisors who have no direct or indirect financial interest in the organization.”

“The board of directors have deliberated and reviewed this tax return.”

“The board chair and directors to be elected can be reached in writing at the organizations mailing address.”

“The organization maintains and enforces a written conflict of interest policy. This policy applies to board members, advisors and volunteers.”

“The CEO and executive director of the orgnanzation volunteers her time to the organization and its purpose and receices no compensation from the organization nor or any of its contributors, volunteers, donors or vendors.”

“No one connected to the organization, neither officers nor managers receive compensation because this organization is led and staffed entirely by volunteers.”

“Governing documents, policies and procedures and financial records are available to the public upon written request to the board of directors.”

“The Board of Directors is presented with a copy of the return for review. The board is also notified as soon as the return has been accepted by the IRS. This amendment corrects the following: 1) corrects Taxpayers accounting period from a calendar year basis to the correct fiscal year ending May 31 in accordance with Taxpayers Determination Letter issued by the IRS. The originally filed return was incorrectly reported on a calendar year basis. 2) Reports resulting revenues and expenses on a fiscal year basis basis ending May 31. 3) Corrects the reported year to the second fiscal year, not intital year.”

“Correction from calendar year to fiscal year resulted in a decrease to cash and an equal and offsetting increase to inventory. The correction was made to properly report the orgnization on a fiscal year pursuant to the fiscal year end stated on IRS determination letter. Due to the timing of receipts and disbursements during the calendare year as originally reported to the fiscal year as corrected, this adjustment was necessary. The adjustment does not affect totals over time, but is caused by the timing in which receipts and disbursments mathed up upon making the correction.”