Consumer Watchdog

“Line 11a explanation - form 990 review process - the audit committee of the organization has engaged an independent cpa firm to prepare the organization's annual information return, irs form 990. The president, executive director and outside legal counsel review the organization's form 990, and it is then forwarded to all members of the board before it is filed.”

“Conflict of interest policy - the board has an annual discussion of potential conflicts of interest that may arise, at which time the president reiterates the obligation of directors to disclose any conflicts or potential conflicts as they arise. The executive director monitors all major financial transactions to ensure that no conflict involving a director, key employee or member of staff could arise.”

“Compensation review - the organization reviews the position compensation of similar organizations to evaluate reasonableness, and the independent members of the board determine the compensation of the president by vote. Officer compensation is reviewed on an annual basis with the position compensation of similar organizations.”

“Other organization documents publicly available - our financial statements are available upon request.”

“Outside services: program service expenses 144,247. Management and general expenses 580. Fundraising expenses 17,456. Total expenses 162,283. Litigation co-counsel & expert witnesses: program service expenses 619,689. Management and general expenses 0. Fundraising expenses 0. Total expenses 619,689.”

“Included in this amount is the employee retention credit receivable. The coronavirus aid, relief, and economic security act (cares act), as modified and clarified by the consolidated appropriations act of 2021, contains a relief provision for businesses known as the employee retention credit (erc). This provision provides for a refundable payroll tax credit for "qualified wages" paid to employees after march 12, 2020, and before january 1, 2022. The provision of the cares act intends to provide a refundable payroll tax credit to employers who continue to pay employees, despite covid-19 business difficulties and interruptions that either render certain non-essential employees unproductive, or cause a significant decline in receipts. The organization has evaluated the qualification criteria for the erc and determined that it is eligible for the program and has submitted amended payroll tax returns for quarters ending in 2020 and 2021 totaling $242,408, in payroll tax credits. The organization believes it is probable it will receive these payroll tax credits and, therefore, recorded non-operating income and a corresponding receivable for the entire amount during 2021. In 2022, the organization received erc payments totaling $151,408. The remaining amount to be received of $91,000 is included within other prepaids and current assets in the accompanying financial statements.”