Christopher Street West Association Inc.

“Csw's committees must receive board approval on all financial matters and when acting on behalf of the organization. Minutes are only taken for the board meetings none for the committee meetings.”

“The 990 is reviewed by the executive board and finance committee; other board members will either review by email or at a board meeting.”

“The board development committee reviews and monitors on a regular basis.”

“No compensation is paid to any officer or director.”

“Documents are available on the organization's website: www.lapride.org, guidestar and on request.”

“Documents are made available upon request.”

“Bookkeeping: program service expenses 22,039. Management and general expenses 13,168. Fundraising expenses 0. Total expenses 35,207. Entertainers: program service expenses 465,503. Management and general expenses 0. Fundraising expenses 0. Total expenses 465,503.”

“Parade permits and fees (donated): program service expenses 160,211. Management and general expenses 0. Fundraising expenses 0. Total expenses 160,211. Printing: program service expenses 119,419. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,419. Hospitality: program service expenses 75,138. Management and general expenses 3,655. Fundraising expenses 0. Total expenses 78,793. Communications: program service expenses 53,565. Management and general expenses 7,083. Fundraising expenses 0. Total expenses 60,648. Production: program service expenses 58,041. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,041. Bank & merchant fees: program service expenses 32,461. Management and general expenses 24,174. Fundraising expenses 0. Total expenses 56,635. Commissions: program service expenses 28,965. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,965. Bad debt: program service expenses 0. Management and general expenses 26,307. Fundraising expenses 0. Total expenses 26,307. Automotive: program service expenses 15,296. Management and general expenses 0. Fundraising expenses 0. Total expenses 15,296. Contributions: program service expenses 0. Management and general expenses 2,402. Fundraising expenses 0. Total expenses 2,402. Taxes, licenses & dues: program service expenses 636. Management and general expenses 1,467. Fundraising expenses 0. Total expenses 2,103. Miscellaneous: program service expenses 2,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,000.”

“Bad debt expense: in early 2015 it was discovered that the secretary of csw took personal loans from csw without permission using a corporate credit card in 2014 and 2015. The loans were not approved by csw board of directors and were discovered by the treasurer, at which time the secretary resigned. These loans were recorded on the 2014 returns as a receivable. The board has been unable to collect on that receivable in the past 2 years and believes they won't be able to collect it in the future. The receivable is therefore being written off as bad debt on the 2016 return. Csw is confident that fiscal controls are now in place which will prevent events like this from occurring in the future.”

“Casa del sol, a residential apartment complex, is a restricted asset reported in the fixed asset portion of the balance sheet. The property is managed by aids project los angeles (apla, a non-profit organization) who acts as the lessee for christopher street west association, inc. Csw holds a note with the ca housing rehabilitation project, dept. Of housing and community development, which restricts the tenants of the property to be only individuals who qualify as disabled, including those living with hiv/aids. Csw has a 40 year lease with apla which does not allow the organization to sell the property during the tenure of this lease.”