Vineyard Lands for Our Community Inc C/O Philip Wallis

“The executive director reviews the return and makes any changes and then distributes the return to the board for approval prior to the return being filed.”

“To ensure the organizaton operated in a manner consistent with charitable purpose and does not engage in activities that could jeopardise its tax- exempt status periodic review shall be conducted. The periodic review shall at a minimum include the following subjects: 1. Whether compensation arrangements and benefits are reasonable based on competent information, and the results of arm's length bargaining; 2. Whether partnershps, joint ventures, and arrangememnts with management organizaton conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction.”

“Compensation decisons are reviewed by the board, excluding the affected individual; comparability data is provided; and decisions are documented contemporaneously, according to the foundation's policy. Professional service fees for other key offices are determined by the same process/conflict of interest policies as top officer.”

“Compensation decisions are reviewed by the board, excluding the affected individual; comparability data is provided; and decisions are documented contempraneously, according to the foundation's policy. Professional service fees for other key officers are determined by the same process/compensation/conflict of interest policies as top officer.”

“The organization makes all of its required documents available upon request as well as available on guidestar and on the massachusetts attorney general's website. The organizaton believes in total trnasparency.”

“Vineyard lands for our community inc. (the organization) is a charitable educational and community organization that is actively engaged in solving island-wide needs with sustainable and viable solutions to preserve the character and life of the island of martha's vineyard in massachusetts. The organization's mission is to champion educational community-driven projects that meet unmet island needs, and create resilient and vibrant island places and spaces to learn, teach, live, and work. It will accomplish this mission through projects that advance education as well as combat community deterioration, relieve what would otherwise be government burdens, and promote, conservation, public access, community redevelopment, human gathering, and science.”

“Professional fees photogrophy 0 26,725 0”

“Audit/tax return timing difference -4,293”

“2024 is the organization's first year that the financial statements needed to be auditted. The executive director interviewed several firms to conduct the audit. He then chose one firm and presented the firm to the board who accepted the recommendation and oversses the audit.”