Oakland Childrens Fairyland Inc

“Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.”

“Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.”

“Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.”

“Compensation of other personnel and highly compensated employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.”

“Tax returns are available for download from several websites and by request from the organization's office in Oakland, California.”

“All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.”

“change in discount related to LT receivables = -$92435”

“Under the California Nonprofit Integrity Act, an exempt organization with annual revenue of $2 million or more is required to have an Audit Committee to select an audit Firm, review the audit, and approve the audit of its annual financial statements. The audited financial statements are prepared by a qualified and licensed independent audit firm. The audit report is reviewed and approved by the organization's management and the Board of Directors.”

“Nestled lakeside in oakland, children's fairyland creates a magical world of wonder that delights visitors of all ages - especially children - through attractions, performances, animals, gardens, programming, and community partnerships. Fairyland envisions an inclusive community oasis where the magic, joy, and transformative power of stories and play are unlocked for generations of children and families.”

“Net assets without donor restrictions of ($831,395) and ($643,507) at March 31, 2025 and 2024, respectively, represent the cumulative results of operations, including net surpluses and deficits, retained by OCF since the organizations inception. While OCF has a net deficit, management has implemented plans to improve operating results and has access to donor-restricted resources, and ongoing fundraising that are expected to support operations.”