Hippocratic Society

“A completed form 990 is provided to the Board of the Directors and the Treasurer (ex-officio) for their review and amendment. Any questions or changes are discussed at the subsequent board meeting where 990 submission is approved (or not) by a vote.”

“The organization did not make its governing documents, conflict of interest policy, or financial statements available to the public during the tax year.”

“Wages and payroll taxes were allocated to program, management, and fundraising based on staff time devoted to each function: Michael Egan - Assistant Director (30% fundraising, 40% management, 30% program) and Sean Dillon - Director of Marketing and Operations (40% fundraising, 10% management, 50% program). Payroll taxes were allocated using the same ratios.”

“Wages and payroll taxes were allocated to program, management, and fundraising based on staff time devoted to each function: Michael Egan - Assistant Director (30% fundraising, 40% management, 30% program) and Sean Dillon - Director of Marketing and Operations (40% fundraising, 10% management, 50% program). Payroll taxes were allocated using the same ratios.”

“Office expenses were allocated based on staff usage. A portion of office supplies was allocated in proportion to staff time (Michael's and Sean's allocation ratios), while printing and postage were split between advertising ($100 reported on Line 12) and the remainder allocated 20% program, 80% management.”

“Software and application costs were split 50% program and 50% management to reflect organizational usage”

“Compliance costs (Line 24) were allocated fully to management. Chapter reimbursements, curricular supplies, and conference-related meals were allocated fully to program services, except for $1,200 of development meals allocated to fundraising. Chapter Reimbursements included reimbursements for hosting speakers, buying food for dinner discussions, etc.”

“Accounts payable and accrued liabilities at beginning of year included credit card balance and salaries payable, consistent with prior-year Form 990-EZ disclosures. At year-end, accounts payable included accrued payroll liabilities”

“The $2 adjustment reconciles the change in net assets calculated in Part XI, line 4 plus line 3 to the ending net assets reported in Part X, line 33, column B. The variance reflects immaterial rounding differences between revenue and expense reporting and balance sheet classifications.”

“Contributions received from donor-advised funds are reported under the sponsoring organization (i.e. National Christian Foundation Carolinas) as the contributor of record, in accordance with IRS instructions.”