Aetherius Society

“Form 990 is prepared by a paid preparer. Following the completion of a draft of form 990, the paid preparer meets with one of the organization's board members to review form 990 to assure that all representations and answers to issues, comments and questions are accurate. The complete draft of form 990 is then distributed to the organization's entire board of directors via email, with instructions to each board member to review the form in detail, and affirmatively reply to a designated individual with their approval for filing by a specified date. Any questions or suggested revisions by a board member to form 990 are communicated to the paid preparer for clarification and/or correction of form 990 as appropriate. Once these issues have been resolved, the remaining board members are to communicate their approval of the final form 990 for filing by email to the paid preparer by the specified date. All approved revisions are made to the form 990 and a final printing of the return for filing with the irs and state agencies is made.”

“At each board and committee meeting prior to voting on any issue, board/committee members are asked to identify any conflict of interest in existence with regard to the item being voted on and to abstain from voting where a conflict of interest exists.”

“The organization's board of directors sets compensation for all employees. The board of directors performs annual reviews of its employees. The board of directors also gathers input for setting its employees' compensation from local nonprofit compensation surveys, from form 990s of similar organizations in their service area, and from compensation information received from member industry associations. The deliberation and decision regarding employees' compensation is contemporaneously documented in the minutes of the board of directors and approved by the full board of directors.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Beginning market value of investments (other assets) and unrestricted net assets changed as a result of the cash to accrual audit adjustments. Part x, balance sheet - accrual adjustments and reclassifications in column a beginning of year balances as follows: - investments (publicly traded securities) decreased $40,000 - other assets increased $42,743 - unrestricted net assets increased $2,743”