Omak Stampede Inc

“The Board of Directors of Omak Stampede Inc. has formally approved a change in the organizations tax year, transitioning from a fiscal year ending October 31 to a calendar year ending December 31. This change is being made in accordance with IRS guidelines and will become effective upon the filing of this short-year return for the period November 1, 2024, through December 31, 2024.In compliance with IRS requirements for a 501(c)(4) organization,per IRS regulations, this filing qualifies for automatic approval and does not require prior authorization from the IRS. Following the filing of this short-year return, Omak Stampede Inc. will adopt the calendar year as its new tax year.”

“Member holds elections to selects new members or replaces existing ones to ensure fair representation and maintain its dynamic structure. Elections are typically based on established criteria, allowing members to vote for those who best contribute to the organizatons mission.”

“The Form 990 is reviewed by the Executive Committee prior to filing. The committee ensures that all information is accurate and complete, and any necessary adjustments are made. This review process helps ensure compliance and transparency before the return is submitted.”

“The organization has a Conflict of Interest Policy requiring board members, officers, and key employees to disclose potential conflicts. Conflicts are monitored regularly, and if identified, the individual will not participate in any decisions involving the conflict. Annual disclosure forms are completed, and the Board reviews them to ensure compliance with legal and ethical standards.”

“The compensation for the CEO/Executive Director/Top Management is determined by the Boards Compensation Committee, which ensures the salary is competitive and in line with similar organizations. The committee uses data from industry surveys and comparable organizations to assess compensation. The package includes base salary, performance bonuses, and benefits like health insurance and retirement contributions. All compensation decisions comply with federal and state regulations, are approved by the Board, and are reported on Form 990.”

“The compensation for office and key employees is set by the Board or Compensation Committee, based on the individuals role, performance, and industry benchmarks. The Board ensures that compensation is reasonable by reviewing market data, salary surveys, and similar organizations Form 990 filings. The package includes base salary, performance bonuses, and benefits, and is reviewed regularly to remain competitive and aligned with the organizations financial situation.”

“https://apps.irs.gov/app/eos/ https://www.guidestar.org/search Organizations Website”

“See 017 Expanation.”

“An automatic accounting period change under IRS rules, which means: Youre a 501(c)(4) tax-exempt org Youre changing to a calendar year (Dec 31 year-end). Youre filing a short-period Form 990 for Nov 1Dec 31, 2024. You havent changed your tax year in the last 10 years”

“Please refer to overflow page 2.”

“Please refer to Overflow Page 3.”