1. form 990 workshop form 990 workshop Scott E. Hallberg, CPA April 23, 2009 Hyatt Regency O’Hare Rosemont, IL

2. Calibre CPA Group, PLLC / www.calibrecpa.com Filing Phase-In The new Form is effective for tax years beginning in 2008 Filing threshold - 2008 Gross receipts greater than or equal to $1,000,000 and Total Assets greater than or equal to $2,500,000 Filing threshold - 2009 Gross receipts greater than or equal to $500,000 and Total Assets greater than or equal to $1,250,000 Filing threshold – 2010 and later Gross receipts greater than or equal to $200,000 and Total Assets greater than or equal to $500,000 2

3. Calibre CPA Group, PLLC / www.calibrecpa.com New Form Layout Consists of a 11 page Core Form 16 Schedules Page count all Forms/Schedules and instructions – approximately 200! 3

4. Calibre CPA Group, PLLC / www.calibrecpa.com New Form Highlights Governance, Management, and Disclosure section Organization Policies Activities Outside the United States Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors Transactions with Interested Parties Supplemental Information (Schedule O) Related Organizations 4

5. Calibre CPA Group, PLLC / www.calibrecpa.com Form 990 Header Part I and Part II New questions in header Name and address of principal officer Person ultimately responsible for implementing the decisions of the governing body Type of organization: Corporation, Trust, Association, Other Year of formation Corporation – date of incorporation For all others – date legally created State of legal domicile For Corporation – state of incorporation For all others – state whose law governs the organizations internal affairs Part I – Summary Snap shot – brings key data to the front of the form Enter total number of volunteers (estimate if necessary) Part II – Signature Block 5

6. Calibre CPA Group, PLLC / www.calibrecpa.com Statement of Program Service Accomplishments Part III – Page 2 Briefly describe the organization’s mission As adopted by the organization’s governing body If no mission statement has been adopted, mark “None” Three largest program services Program service revenues have been added to the Schedule Must report revenues/expenses for 501(c)(3) and 501(c)(4) organizations The Form asks for a code which will be used to allow for “improved research capabilities” This should be left blank for the 2008 tax year 6

7. Calibre CPA Group, PLLC / www.calibrecpa.com Checklist of Required Schedules Part IV – Page 3 For each “Yes” answer to a question in Part IV you must attach the applicable Schedule referenced 7

8. Calibre CPA Group, PLLC / www.calibrecpa.com Statements Regarding Other IRS Filings and Tax Compliance Part V – Page 5 New Questions – 1a, 1b, 1c, 2a, and 2b Enter the number in Box 3 of Form 1096 Annual Summary and Transmittal of U.S. Information returns The number of Forms W-2G included above Did you comply with backup W/H rules? Enter number of employees reported on Form W-3 Transmittal of Wage and Tax Statements Did you file all required federal employment tax returns? 8

9. Calibre CPA Group, PLLC / www.calibrecpa.com Statements Regarding Other IRS Filings and Tax Compliance Part V – Page 5 New Questions – 7a, 7b, 7c, and 7d Charitable organizations only Did the organization provide goods and services in exchange for any quid pro quo contribution of more than $75? Did the organization notify the donor of the value of the goods and services provided? Did the organization sell, exchange or otherwise dispose of tangible personal property for which it was required to file 8282? How many 8282 ‘s were filed? 9

10. Calibre CPA Group, PLLC / www.calibrecpa.com Statements Regarding Other IRS Filings and Tax Compliance Part V – Page 5 New Questions – 7g, 7h, 8, 9a, and 9b For all contributions of qualified intellectual property, did the organization file Form 8899 as required? For contributions of cars, boats, airplanes, and other vehicles, did the organization file a Form 1098-C as required? For organizations maintaining donor advised funds: Make any taxable distributions under section 4966? Make a distribution to a donor, donor advisor or related person? 10

11. Governance, Management, and Disclosure Part VI 11

12. Governing Body and Management Part VI, Section A 12

13. Calibre CPA Group, PLLC / www.calibrecpa.com Governing Body and Management Part VI – Page 6 Core Form, Part VI, Section A, Line 1b How many Board members are independent? Not compensated as an officer or other employee of the organization or a related organization, The member did not receive total compensation or other payments exceeding $10,000 for the year from the organization or from related organizations as an independent contractor, other than reimbursement of expenses or reasonable compensation for services provided in the capacity as a member, and Neither the member, nor any family member of the member, was involved in certain reportable financial transactions and arrangements with the organization or a related organization (direct or indirect) Generally those financial transactions and arrangements that must be reported on Schedule L 13

14. Calibre CPA Group, PLLC / www.calibrecpa.com Related Organization Part VI – Page 6 Parent – an organization that controls the filing organization Subsidiary – an organization controlled by the filing organization Brother/Sister- organization controlled by the same person or persons that control the filing organization Supporting/Supported Control is defined in the glossary for the 990 14

15. Calibre CPA Group, PLLC / www.calibrecpa.com Business Relationship Part VI – Page 6 Core Form, Part VI, Line 2 Did any officer, director, trustee or key employee have a business relationship with any other officer, director, trustee or key employee? One person is employed by the other in a sole proprietorship or by an organization with which the other is associated as a trustee, director, officer, key employee or greater than 35% owner One person is transacting business with the other (other than in the ordinary course of business) directly or indirectly, in one or more contracts of sale, lease, license, loan, performance of services or other transaction involving transfers of cash or property valued in excess of $10,000 in the aggregate Two persons are each a director, trustee, officer or greater than 10% owner in the same business or investment entity 15

16. Calibre CPA Group, PLLC / www.calibrecpa.com Reasonable Effort The instructions state that an organization need not engage in more than a reasonable effort Safe harbor for reasonable effort: May rely on information the organization obtains in response to an annual questionnaire sent to each officer, director, trustee or key employee Name, title, date, and signature of each person responding Pertinent instructions and definitions necessary to answer the question 16

17. Calibre CPA Group, PLLC / www.calibrecpa.com Family Part VI – Page 6 Core Form, Part IV, Line 28b; Schedule L, Part IV Did any current or certain former officer, director, trustee or key employee have a family member who had a direct or indirect business relationship with the organization? Family defined: Spouse Ancestors Brothers and sisters Children Grandchildren and great grandchildren Spouses of brothers, sisters, children, grandchildren, and great grandchildren 17

18. Calibre CPA Group, PLLC / www.calibrecpa.com Reasonable Effort The instructions state that an organization need not engage in more than a reasonable effort Safe harbor for reasonable effort: May rely on information the organization obtains in response to an annual questionnaire sent to each voting member of the governing body that includes the: Name, title, date, and signature of each person responding Pertinent instructions and definitions necessary to answer the question 18

19. Calibre CPA Group, PLLC / www.calibrecpa.com Other New Questions Part VI – Page 6 Core Form, Part VI, Question 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors etc. Some examples: Hiring and firing supervising personnel Planning or executing budgets Financial operations Supervising unrelated trades or businesses of the organization Administrative functions such as payroll processing are not considered management duties 19

20. Calibre CPA Group, PLLC / www.calibrecpa.com Other New Questions Part VI – Page 6 Core Form, Part VI, Question 5 Did the organization become aware during the year of a material diversion of assets? Theft Embezzlement Material diversion: Exceeds the lesser of: $250,000 5% of the total gross receipts or 5% of total assets 20

21. Calibre CPA Group, PLLC / www.calibrecpa.com Other New Questions Part VI – Page 6 Core Form, Part VI, Questions 6, 7a, and 7b Does the organization have members or stockholders? Answer yes, unless the organization is a trust for federal tax purposes Does the organization have members, stockholders or other persons who may elect one or more members of the governing body? Answer yes if anyone had the right to elect or appoint one or more members of the organizations governing body Are any decisions of the governing body subject to approval by members, stockholders or other persons? Answer yes if anyone had the right to approve or ratify decisions of the governing, such as approval of the election or removal of members of the governing body 21

22. Calibre CPA Group, PLLC / www.calibrecpa.com Meeting Documentation Part VI – Page 6 Core Form, Part VI, Question 8, 8a, and 8b Did the organization contemporaneously document meetings held or written actions undertaken during the year by its governing body? [Part VI, Section A, Line 10] By each committee with authority to act on behalf of the governing body? Contemporaneous means the later of: The next meeting 60 days after the meeting Document is defined as any means permitted by state law 22

23. Calibre CPA Group, PLLC / www.calibrecpa.com Other New Questions Part VI – Page 6 Core Form, Part VI, Question 9a and 9b Does the organization have local chapters, branches or affiliates? Do you have written policies and procedures governing those chapters, branches or affiliates? If you don’t have a written policy, if applicable, you must explain on Schedule O how the organization ensures that the local units’ activities are consistent with its own 23

24. Calibre CPA Group, PLLC / www.calibrecpa.com Review of Form 990 Part VI – Page 6 Core Form, Part VI, Section A, Line 10 Is a copy of Form 990 provided to the organization’s governing body before it is filed? To answer “yes” to this question the final version of Form 990 must be provided to each voting member of the organization governing body in paper or electronic form In Schedule O you must describe the process, if any, by which any of the organization’s officers, directors, trustees, Board committee or management reviewed Form 990 Was it reviewed before or after it was filed? Who conducted the review? When did they conduct the review? What was the extent of the review? If no review was conducted state on Schedule O that “No review was or will be conducted” 24

25. Policies Part VI, Section B 25

26. Calibre CPA Group, PLLC / www.calibrecpa.com Conflict of Interest Policy Part VI – Page 6 Core Form, Part VI, Section B, Line 12 Does the organization have a written conflict of interest policy? Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? Does the organization regularly monitor and enforce the policy? Describe in Schedule O how this is done 26

27. Calibre CPA Group, PLLC / www.calibrecpa.com Whistleblower Policy Part VI – Page 6 Core Form, Part VI, Section B, Line 13 Does the organization have a written whistleblower policy? Does the organization have a confidential complaint process? Does the organization have a written non- retaliation policy? 27

28. Calibre CPA Group, PLLC / www.calibrecpa.com Document Retention Policy Part VI – Page 6 Core Form, Part VI, Section B, Line 14 Does the organization have a written document retention and destruction policy? Does the policy include guidelines for electronic files? 28

29. Calibre CPA Group, PLLC / www.calibrecpa.com Compensation Approval Part VI – Page 6 Core Form, Part VI, Section B, Line 15a and 15b Does the process for determining compensation include review and approval by the governing body composed of entirely independent individuals or compensation committee, use of comparability data, and document the deliberation and decision-making process regarding the compensation arrangement for: CEO, Executive Director, or top management official? Other officers or key employees? If the answer is “yes” you must describe the process on Schedule O 29

30. Calibre CPA Group, PLLC / www.calibrecpa.com Joint Ventures Part VI – Page 6 Core Form Part VI, Section B, Line 16a and 16b Did the organization invest in, contribute assets to or participate in a joint venture or similar arrangement with a taxable entity? If “yes,” has the organization adopted a written policy or procedure to evaluate joint venture participation and taken steps to safeguard its tax exempt status? 30

31. Disclosure Part VI Section C 31

32. Calibre CPA Group, PLLC / www.calibrecpa.com Public Inspection Part VI – Page 6 Core Form, Part VI, Section C, Line 19 Does the organization make its Form 990, Form 1023 or 1024 (990-T for 501(c)(3)) available for public inspection on its website, another website or upon request? If so how? Forms 1023 or 1024 filed before July 15, 1987 need not be made public unless the organization had a copy on July 15, 1987 Form 990 must be made public for a period of three years from the date it was required to be filed, including extensions Does the organization make its governing documents, conflict of interest policy, and financial statements available for public inspection? If so how? Must explain on Schedule O 32

33. Compensation of Officers, Directors, Trustee, Key Employees, Highest Compensated Employees, and Independent Contractors Part VII 33

34. Calibre CPA Group, PLLC / www.calibrecpa.com Persons to be Reported on Part VII Part VII – Page 7 Current officers, directors, and trustees (no minimum compensation threshold) Current key employees Current five highest compensated employees other than officers, directors, trustees or listed key employees Former directors and trustees 34

35. Calibre CPA Group, PLLC / www.calibrecpa.com Key Employee Part VII – Page 7 Core Form, Part VII, Section A Receive reportable compensation from the organization and all related organization(s) of more than $150,000; Is one of the 20 employees (that satisfy the $150,000 Test and Responsibility Test) with the highest reportable compensation from the organization and related organization(s); Have responsibilities, powers or influence similar to officers: Manage a segment or activity that represents 10% or more of its activities, assets, income or expenses; or Authority to control 10% or more of the organization’s capital expenditures, capital budget or compensation for employees 35

36. Calibre CPA Group, PLLC / www.calibrecpa.com Five Current Highest Compensated Employees Part VII – Page 7 Core Form, Part VII, Section A Excludes officers, directors, trustees, and key employees... That received reportable compensation or more than $100,000 from the organization or any related organizations? 36

37. Calibre CPA Group, PLLC / www.calibrecpa.com Former Individuals Part VII – Page 7 Reported on any of the organization’s prior five years of Form 990 and Former officers, key employees or highest- compensated employees who received more than $100,000 of reportable compensation Former directors or trustees that received, in their capacity as former directors or trustees, more than $10,000 of reportable compensation. [Core Form Part VII, Section A] Transition rule – for non-section 501(c)(3) Non-section 501(c)(3) organizations do not report any former highest compensated employees 37

38. Calibre CPA Group, PLLC / www.calibrecpa.com Reportable Compensation Part VII – Page 7 Column D – Reportable compensation from the organization Column E – Reportable compensation from related organizations (see reasonable effort/safe harbor) Part VII Column D and Column E Amounts reported on Form W-2, Box 5 Amounts reported on Form 1099-MISC, Box 7 Part VII Column F – Other Compensation (reasonable estimates can be used) 38

39. Calibre CPA Group, PLLC / www.calibrecpa.com Reasonable Effort Part VII – Page 7 The instructions state that an organization need not engage in more than a reasonable effort. Safe harbor for reasonable effort: May rely on information the organization obtains in response to an annual questionnaire sent to both current and former officers, directors, trustees or key employees, and highest compensated employees Name, title, date, and signature of each person responding Pertinent instructions and definitions necessary to answer the question 39

40. Calibre CPA Group, PLLC / www.calibrecpa.com Other Compensation Part VII – Page 7 Core Form, Part VII, Column F Reasonable estimates can be used Tax deferred contributions to a qualified defined contribution plan The annual increase in actuarial value of a qualified defined benefit plan The value of health benefits that are not included in Form W-2, Box 5 Tax deferred contributions to a nonqualified defined contribution plan The annual increase in actuarial value of a nonqualified defined benefit plan 40

41. Calibre CPA Group, PLLC / www.calibrecpa.com Statement of Revenue Part VIII – Page 9 The old Form 990 required revenues to be reported in two places The new Form 990 incorporates the reporting into one part No significant changes in the data required to complete this part 41

42. Calibre CPA Group, PLLC / www.calibrecpa.com Statement of Functional Expenses Part IX – Page 10 Part IX is very similar to the old Form Compensation reported in Part IX is to be prepared based on the organization’s accounting method and accounting period Compensation reported in Part VII is based on actual W-2’s issued within the organization’s tax year These two Schedules may not agree 42

43. Calibre CPA Group, PLLC / www.calibrecpa.com Balance Sheet Part X – Page 11 No significant differences from the old Form 43

44. Calibre CPA Group, PLLC / www.calibrecpa.com Financial Statements and Reporting Part XI – Page 11 Was the organization’s financial statements compiled or reviewed by an independent accountant? Was the organization’s financial statements audited by an independent accountant? Does the organization have a committee that assumes responsibility for oversight of the audit, review or compilation of its financial statements and selection of an independent accountant? [Core Form Part XI, Line 20] 44

45. Calibre CPA Group, PLLC / www.calibrecpa.com Public Charity Status and Public Support Schedule A Core Form, Part IV, Question 1 Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? New Schedule A is focused on public charity status and public support Now required to complete Schedule A on same accounting basis that is used on the Core Form If you use accrual basis on Core Form you must also use accrual basis for the public support test You will not be able to use numbers reported on last year’s Form as these numbers were reported on as cash basis 45

46. Calibre CPA Group, PLLC / www.calibrecpa.com Schedule of Contributors Schedule B Core Form, Part IV, Question 2 Schedule B is generally required to provide a list of contributors who gave the organization $5,000 or more No significant changes from the old Form 46

47. Calibre CPA Group, PLLC / www.calibrecpa.com Political Campaign and Lobbying Activities Schedule C Core Form, Part IV, Questions 3, 4, and 5 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office Section 501(c)(3) organizations: Did the organization engage in lobbying activities? Section 501(c)(4), 501(c)(5), and 501(c)(6) organizations: Is the organization subject to the section 6033(e) notice and reporting requirement and proxy tax? 47

48. Calibre CPA Group, PLLC / www.calibrecpa.com Supplemental Financial Statements Schedule D Core Form, Part IV, Questions 6, 7, 8, 9, and 10 Did the organization maintain any donor advised funds …? Did the organization receive or hold a conservation easement …? Did the organization maintain collections of works of art, historical treasures …? Did the organization have any escrow account liability … provide credit counseling …? Did the organization hold assets in term, permanent or quasi-endowments? 48

49. Calibre CPA Group, PLLC / www.calibrecpa.com Supplemental Financial Statements Schedule D Core Form, Part IV, Questions 11 and 12 Did the organization report on its balance sheet any: Land, buildings and equipment? Investments – other securities? Investments – program related? Other assets? Other liabilities? Did the organization receive an audited financial statement … prepared in accordance with GAAP? 49

50. Calibre CPA Group, PLLC / www.calibrecpa.com Schools Schedule E Core Form, Part IV, Question 13 Is the organization a school …? Schedule E is not covered in this Workshop 50

51. Calibre CPA Group, PLLC / www.calibrecpa.com Statement of Activities Outside the United States Schedule F Core Form, Part IV, Questions 14a, 14b, 15, and 16 Did the organization maintain an office, employees, or agents outside of the U.S.? Did the organization have aggregate revenues or expenses of more than $10,000 from grant making, fundraising, business, and program service activities outside of the U.S.? Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity outside of the U.S. Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any individuals outside of the U.S. 51

52. Calibre CPA Group, PLLC / www.calibrecpa.com Supplemental Information Regarding Fundraising or Gaming Activities Schedule G Core Form, Part IV, Questions 17, 18, and 19 Did the organization pay more than $15,000 in the aggregate for professional fundraising services? Did the organization receive more than $15,000 from fundraising events? Did the organization receive more than $15,000 of gross income from gaming activities? 52

53. Calibre CPA Group, PLLC / www.calibrecpa.com Hospitals Schedule H Core Form Part IV, Question 20 Did the organization operate one or more hospitals? Schedule H is not covered in this Workshop 53

54. Calibre CPA Group, PLLC / www.calibrecpa.com Grants and Other Assistance to Organizations, Governments, and Individuals In the U.S. Schedule I Core Form, Part IV, Questions 21 and 22 Did the organization provide more than $5,000 in grants and other assistance to governments and organizations in the U.S.? Did the organization provide more than $5,000 in grants and other assistance to individuals in the U.S.? 54

55. Calibre CPA Group, PLLC / www.calibrecpa.com Compensation Information Schedule J Core Form, Part IV, Question 23 All questions refer back to Part VII, “Compensation of Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees” Did the organization list any former officer, director or trustee, key employee or highest compensated employee? Did anyone reported on Part VII, Section A receive more than $150,000 in compensation from the organization and any related organization? Did anyone reported on Part VII, Section A receive or accrue compensation from any unrelated organization for services rendered to the organization? 55

56. Calibre CPA Group, PLLC / www.calibrecpa.com Benefits Schedule J Does the organization provide any of the following to anyone reported on Part VII, Schedule J, Part 1, Line 1a: First class or chartered travel? Travel for companions? Must check if a person is a family member whether or not for bona fide business purposes Tax indemnification and gross-up payments? Discretionary spending account? Any amounts not part of an accountable plan Housing allowance or residence for personal use? Payments for business use of principal residence? Health or social club dues or initiation fees? Personal services (i.e. maid, chauffeur, chef)? 56

57. Calibre CPA Group, PLLC / www.calibrecpa.com Supplemental Information on Tax Exempt Bonds Schedule K Core Form, Part IV, Questions 24a, 24b, 24c, and 24d Did the organization have a tax exempt bond issue of more than $100,000 as of the last day of the year after December 31, 2002? Did the organization invest any proceeds of tax exempt bonds beyond a temporary period exception? Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax exempt bonds? Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year? 57

58. Calibre CPA Group, PLLC / www.calibrecpa.com Transactions With Interested Persons Schedule L Core Form, Part IV, Questions 25a, 25b, and 26 For section 501(c)(3) and 501(c)(4) organizations: Did the organization engage in a “excess benefit” transaction with a “disqualified person” during the year? Did you become aware of such a transaction from a prior year? Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee or disqualified person outstanding at the end of the year? 58

59. Calibre CPA Group, PLLC / www.calibrecpa.com Excess Benefits Schedule L Applies only to 501(c)(3) or 501(c)(4) organizations Did the organization engage in any excess benefit transactions with any current or former officer, director, trustee, key employee, highly compensated employee or disqualified person? (Part IV, Line 26) 59

60. Calibre CPA Group, PLLC / www.calibrecpa.com Excess Benefit Defined Schedule L An excess benefit transaction results when a disqualified person is paid compensation or receives property from the organization that exceeds the fair market value (FMV) of the services or property provided to the organization from the disqualified person 60

61. Calibre CPA Group, PLLC / www.calibrecpa.com Transactions With Interested Persons Schedule L Core Form Part IV, Question 27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee or substantial contributor, or to a person related to such an individual? Examples of grants – scholarships, fellowships, internships, prizes, and awards Other assistance – the provision of goods, services, or use of facilities regardless of amounts 61

62. Calibre CPA Group, PLLC / www.calibrecpa.com Interested Person Schedule L, Part III For all organizations: Current or former officers, directors, trustees, key employees, and five highest compensated employees. (Persons listed in Part VII, Section A) A substantial contributor In addition, for 501(c)(3) and 501(c)(4) entities: A “disqualified” person: Any person who was in a position to exercise substantial influence over the affairs of the organization at any time during a five year period ending on the date of a specific transaction A complete detailed definition is found in Appendix G 62

63. Calibre CPA Group, PLLC / www.calibrecpa.com Reasonable Effort The instructions state that an organization need not engage in more than a reasonable effort Safe harbor for reasonable effort: May rely on information the organization obtains in response to an annual questionnaire sent to both current and former officers, directors, trustees, key employees, and each member of grant selection committee Name, title, date, and signature of each person responding Pertinent instructions and definitions necessary to answer the question 63

64. Calibre CPA Group, PLLC / www.calibrecpa.com Transactions With Interested Persons Schedule L Core Form, Part IV, Questions 28a, 28b, and 28c During the tax year, did any person who is a current or former officer, director, trustee, or key employee: Have a direct business relationship with the organization … or an indirect business relationship through ownership of more than 35% in another entity …? Have a family member who had a direct or indirect business relationship with the organization? Serve as an officer, director, trustee, key employee, partner or member of an entity (>5%) or shareholder of a (>5%) professional corporation doing business with the organization? 64

65. Calibre CPA Group, PLLC / www.calibrecpa.com Interested Person Schedule L, Part IV For all organizations: Current or former officers, directors, trustees, key employees, and five highest compensated employees (persons listed in Part VII, Section A) and their family members An entity more than 35% owned directly or indirectly by any persons listed in Part VII, Section A and their family members An entity (other than tax exempt) for which a person listed in Part VII, Section A served as an officer or director or had a > 5% interest as a partner or shareholder 65

66. Calibre CPA Group, PLLC / www.calibrecpa.com Reasonable Effort The instructions state that an organization need not engage in more than a reasonable effort Safe harbor for reasonable effort: May rely on information the organization obtains in response to an annual questionnaire sent to both current and former officers, directors, trustees, and key employees Name, title, date, and signature of each person responding Pertinent instructions and definitions necessary to answer the question 66

67. Calibre CPA Group, PLLC / www.calibrecpa.com Business Transactions Business transactions include but are not limited to: Contracts of sale, leases, licenses, performance of services, and joint ventures Only report transactions if: All payments during the year between the organization and the interested person exceeded $100,000 All payments from a single transaction exceeded the > of $10,000 or 1% of total revenues Compensation payments to family members exceed $10,000 67

68. Calibre CPA Group, PLLC / www.calibrecpa.com NonCash Contributions Schedule M Core Form, Part IV, Questions 29 and 30 Did the organization receive more than $25,000 in non-cash contributions? Did the organization receive contributions of art, historical treasures or other similar assets, or qualified conservation contributions? 68

69. Calibre CPA Group, PLLC / www.calibrecpa.com Liquidation, Termination, Dissolution or Significant Disposition of Assets Schedule N Core Form, Part IV, Questions 31 and 32 Did the organization liquidate, terminate or dissolve and cease operations? Did the organization sell, exchange, dispose of or transfer more than 25% of its net assets? 69

70. Calibre CPA Group, PLLC / www.calibrecpa.com Supplemental Information Schedule O Schedule O – Supplemental Information to Form 990 Schedule O is simply a blank sheet of ruled paper This Schedule is primarily used to clarify responses to questions You may add any additional information you would like to point out or to provide additional information to the public This Schedule is referred to throughout the IRS instructions and throughout our Workshop Many of the questions on Form 990 require an explanation or a description on Schedule O 70

71. Calibre CPA Group, PLLC / www.calibrecpa.com Related Organizations and Unrelated Partnerships Schedule R Core Form Part IV, Questions 33, 34, 35, 36, and 37 Did the organization own 100% of an entity disregarded as separate from the organization? Was the organization related to any tax exempt or taxable entity? Is any related organization a controlled entity? For 501(c)(3) organizations: Did the organization make any transfers to an exempt non- charitable related organization? Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? 71

72. 72 Questions? LEGAL NOTICE:The contents of this document are proprietary to Calibre CPA Group, PLLC and should not be distributed, copied or altered without express permission of Calibre CPA Group, PLLC. The information it contains is provided with the understanding that Calibre CPA Group, PLLC is not rendering legal, accounting or other professional advice or opinions on specific facts or matters, as each individual circumstance is unique. Contents have been prepared for the exclusive and private use of the intended recipient(s). © Calibre CPA Group, PLLC