Grandparents Community Network Inc

“The Form 990 is prepared by the organizations Financial Director using the organizations financial records and supporting documentation. A draft copy of the completed return is provided to the Board of Directors for review prior to filing. Board members are given the opportunity to review the return and ask questions. Following board review the authorized officer approves the return and it is filed electronically with the Internal Revenue Service.”

“The organization maintains a written Conflict of Interest Policy applicable to board members officers volunteers and key personnel. Individuals are required to disclose any potential conflicts annually and whenever a potential conflict arises. When a conflict is identified the interested individual is recused from discussions and voting on the matter”

“The organization provides its governing documents conflict of interest policy and financial information upon request and on its official websites: tgcncorporate.org tgcn-nc.org tgcn-wv.org”

“| Explanation:| Prior to filing the organizations annual Form 990 a complete draft of the return is provided to the Board of Directors for review. Board members are given the opportunity to review the return and provide questions or comments regarding the information reported. Organizational leadership addresses any questions raised by the Board prior to submission of the return.”

“| Explanation:| Contributions reported in Part VIII consist primarily of individual donations foundation grants corporate contributions and in-kind donations that support the organizations charitable programs. The organization records contributions when received and allocates funds to program services and supporting activities in accordance with its charitable mission and donor intent when applicable. The organization maintains internal records documenting the receipt and distribution of both financial and in-kind contributions to ensure transparency and responsible stewardship of charitable resources.”

“| Explanation:| The organization maintains internal financial controls to safeguard charitable assets and ensure funds are used in accordance with the organizations mission. Financial transactions are documented and reviewed by organizational leadership and expenditures supporting program services are tracked to ensure accountability and transparency in the use of charitable funds.”

“| Explanation:| The Grandparents Community Network TGCN is dedicated to supporting grandparents who are raising their grandchildren due to parental absence family hardship or crisis situations. The organization provides direct assistance educational support and essential resources to stabilize grandfamilies and promote the safety well-being and long-term success of children in their care. The organization evaluates program effectiveness through key performance indicators including the number of grandfamilies served the number of children supported through program services the stabilization of housing and essential household needs and the distribution of donated goods to families experiencing hardship. Program data is tracked through internal case documentation and program event reporting to ensure responsible stewardship of charitable resources and to support continuous improvement of program delivery.”

“| Explanation:| The Direct Needs Program provides emergency assistance to grandparents raising grandchildren who are experiencing financial hardship. Assistance may include housing stabilization utility payments food support transportation assistance school supplies and other essential household items necessary to ensure child welfare and family stability. Program outcomes are measured through the number of households receiving stabilization assistance the number of children living in grandfamilies supported through emergency relief services and the ability of grandparents to maintain safe and stable housing environments for the children in their care.”

“| Explanation:| Backpacks of Hope is an initiative of The Grandparents Community Network TGCN that equips grandchildren being raised by grandparents with essential school supplies needed for academic success. In 2025 the program distributed 430 backpacks and school supply kits filled with essential learning materials such as notebooks writing supplies and other classroom necessities. These distributions supported more than 200 grandparent-led households helping ensure that children began the school year prepared confident and equipped to succeed academically. By reducing the financial burden associated with school supplies Backpacks of Hope strengthens family stability and allows grandparents living on fixed or limited incomes to focus on providing safe and nurturing homes for their grandchildren.”

“| Explanation:| The Christmas Village of Lights program provides holiday assistance to grandchildren being raised by grandparents. The program distributes toys winter clothing and other essential items to families experiencing financial hardship during the holiday season.”

“| Explanation:| Fees for services include payments to independent contractors and service providers supporting the organizations operations. These services include information technology contractors the donor management platform Tithe.ly bank and payment processing services and grant writing support used to assist with fundraising and program administration.”

“| Explanation:| Information technology expenses include software subscriptions website design and maintenance cybersecurity protection and technical support services required to maintain the organizations digital infrastructure and online platforms. These services ensure secure operations website functionality and effective communication with donors volunteers and program participants.”

“| Explanation:| The organization received non-cash contributions consisting of program supplies and gift cards donated by community partners. These in-kind contributions included donated program supplies provided through the Spark Goods program and gift cards donated by QuikTrip to support families served by the organizations charitable programs. These items were recorded at their estimated fair market value at the time of receipt and distributed to program beneficiaries. Additional donated items distributed through the Christmas Village of Lights program were also recorded at estimated fair market value and provided to program beneficiaries.”

“| Explanation:| Other liabilities reported on the organizations balance sheet represent outstanding credit card balances incurred for organizational program and operational expenses during the fiscal year. These balances are scheduled to be paid through normal operating activities of the organization.”

“| Explanation:| The organization reported total revenue and expenses associated with its charitable programs and operational activities during the fiscal year. The change in net assets reflects the difference between total revenue received and expenses incurred during the reporting period. Ending net assets reconcile to the balance sheet as reported in Part X of the return.”

“| Explanation:| The organization prepares its financial records in accordance with generally accepted accounting principles GAAP applicable to nonprofit organizations under Financial Accounting Standards Board FASB Accounting Standards Codification ASC 958. Contributions are recorded when received and classified according to donor restrictions when applicable.”

“| Explanation:| The organization provides assistance to grandparents raising grandchildren through its Direct Needs Program and other charitable initiatives. Assistance includes both cash and non-cash support such as housing stabilization utilities food assistance transportation school supplies and essential household items. The organization also distributes donated items through programs such as Backpacks of Hope and Christmas Village of Lights to support children living in grandfamilies experiencing financial hardship.”

“| Explanation:| Expenses are allocated to program services management and general and fundraising categories based on the nature of the expense and managements assessment of the activity to which the cost relates. Program service expenses represent direct costs associated with delivering assistance and program support to grandparents raising grandchildren. Management and general expenses include administrative compliance and organizational infrastructure costs necessary to sustain operations. Fundraising expenses represent costs associated with donor development and fundraising activities.”

“| Explanation:| Certain contributions and grants received by the organization are restricted by donors for specific programmatic purposes. These restricted funds are tracked separately within the organizations accounting records and are released from restriction when the associated program expenses are incurred in accordance with donor intent. Any restricted funds remaining at year end represent program funds designated for future assistance to eligible grandfamilies.”