Mt. Ashland Association

“Once the preliminary draft of the form 990 is completed by the cpa, the finance committee meets to discuss the content of the form. After the form is approved by the finance committee, the form is then submitted by the required due date, 5 months after the close of the fiscal year, unless the return is extended. The 990 is also approved by the board prior to filing.”

“Annually the organization reviews its policies and ensures that employees and board members are in compliance with conflict of interest policies. Conflict of interest policy is signed at the beginning of employment as well.”

“There is a committee that meets annually to appraise the performance of the general manager. The general manager's salary is based upon the committee's appraisal. Compensation of other employees is reviewed on the annual basis using comparable data.”

“Copies of governing documents and financial statements are made available upon request.”

“Is to provide and promote a healthy quality experience in an alpine environment while remaining a valued community resource that provides recreational, educational, and economic opportunities for future generations.”

“Employee retention credit prior period adjustment: during the year ended june 30, 2024, management determined that 742,761 should have been recorded as revenue and receivables at june 30, 2023. In addition, management determined that 58,275 in thirdparty erc processing fees should have been accrued for at june 30, 2023. Accordingly, management has restated certain financial information for the year ended june 30, 2023. The effect of the restatement resulted in an increase to net assets of 684,486 at june 30,2023 and an equal increase in the change in net assets for the year ended june 30,2023.”