Palmdale Lodge No 507 Loyal Order of Moose

“The orgainzation consist of members only united in the bonds of fraternity, benevolence and chairty. Every member has equal voting rights on all matters before the governing body and general meetings. There are no stockholders.”

“Members must fill out an application for membership and sponsored by an active member which then is reviewed and voted on by active members at a general meeting.”

“All business and matters must be presented in writing and first referred to the board of officers for consideration to present on the floor of the lodge during the next general meeting of the lodge and then voted on by the general membership in attendance.”

“The board of officers at their regular meeting review the year end financial statements for approval and preparation of the federal and california returns of organizations exempt from income tax and when completed review the completed returns for approval to file”

“Part vi section c - line 19 - the organization makes its governing documents, conflict of interest policy and financial statements available in the administrators office for the general public for insprction upon request during regular office hours(noon to 5pm)monday thru friday during the taxable year.”

“Upon review of prior year returns, there was a descpripency in the reconcilation of net assets attributable to the valuation of assets recorded on the tax returns based on market value instead of cost which reflected both on income and book cost of fixed assets on prior year returns and corrected on current return by adjusting Schedule D Part VI Land Buildings and Equipment to cost from assessed values to bring the books and tax return back into balance.”