Semper Fun Organization

“Prior to filing a draft of Form 990 is reviewed by the organizations executive officers and treasurer for accuracy and completeness. The final version of the return is then distributed electronically to all members of the governing body for their review. Board members are given the opportunity to ask questions or request clarification before the return is submitted to the IRS. This review process ensures transparency and accountability in the organizations financial reporting.”

“Semper Fun requires all officers directors and key employees to complete and sign an annual conflict of interest disclosure form. During the year the Board of Directors reviews any disclosed or potential conflicts during regular meetings. In the event of a proposed transaction that may present a conflict the board ensures the interested individual recuses themselves from influencing the decision. All discussions and actions taken are documented in the board meeting minutes. If a conflict is discovered after a transaction has occurred the board conducts a review and takes corrective actions if necessary to protect the organizations integrity and compliance.”

“No documents available to the public”

“| Explanation:| Prior to filing a draft of Form 990 is reviewed by the organizations executive officers and treasurer for accuracy and completeness. The final version of the return is distributed electronically to all voting members of the governing body. Board members are given the opportunity to ask questions and request clarification before submission to the IRS.”

“| Explanation:| Semper Fun requires officers directors and key employees to submit annual conflict of interest disclosure forms. Any actual or potential conflicts are reviewed by the board and individuals with conflicts recuse themselves from related discussions and votes. Compliance is documented in board meeting minutes and reviewed regularly.”

“| Explanation:| Semper Fun makes its Form 990 and other required documents available to the public upon request by contacting the organizations main office”

“| Explanation:| During the 2024 tax year one officer was removed from their position in accordance with the organizations bylaws. A formal board vote was not required for this action as the removal fell within the authority granted to the executive leadership. The decision was based on the best interests of the organization and is documented in the board meeting minutes.”

“| Explanation:| The amount of $25,369.00 reported as Other Liabilities represents unreimbursed operational and administrative expenses incurred during the organizations first year of activity. These include lodging travel and event coordination expenses that were advanced or unpaid as of year-end. These costs are expected to be resolved in the subsequent fiscal year.”

“| Explanation:| Due to startup operations and program disbursements exceeding revenue the organization incurred a deficit of $25,369 during the 2024 tax year. This is reflected as negative net assets without donor restrictions. The board is aware of this temporary shortfall and is implementing strategies to restore a positive fund balance in 2025.”