Leap Arts in Education Fka Leap Imagination in Learning

“The form 990 is provided to the board following its completion. All members of the board who wish to review the return in detail have the opportunity to so before it is signed and mailed by an authorized officer.”

“The board of directors and staff are required to review and sign the conflict of interest policy on an annual basis.”

“The executive committee evaluates the executive director on his/ her performance on an annual basis and ask for his/ her input on matters of performance and compensation. The committee obtains research and information to make a recommendation to the full board for the compensation of the executive director (and other highly paid employees and consultants)based on a review of comparability data. To approve the compensation for the executive director (and other highly compensated employees and consultants) the board must document how it reached its decisions, including the data on which it relied, in minutes of the meeting during which the compensation was approved.”

“All organizational documents will be provided upon written request that is sent to the organization's address. All requests are subject to reasonable costs related to the preparation and delivery of the documents to the person requesting the documents.”

“Pursuant to the small business exception under section 10.11(6)(b)(iii) of revenue procedure 2015-20, the taxpayer is changing to adopt the final tangible property regulations prospectively with its tax year beginning july 1, 2014, and without filing a form 3115. Taxpayer hereby makes the de minimis safe harbor election under treasury regulation 1.263(a)-1(f) for all eligible amounts paid or incurred during the taxable year. Taxpayer hereby elects to capitalize repairs and maintenance costs under treasury regulation 1.263(a)-1(n). The costs were incurred during the taxable year in the electing taxpayer's trade or business and the electing taxpayer treats such costs as capital expenditure on its books and records.”