In accordance with ANC Foundation's approved policies, a copy of the 2010 IRS Form 990 is provided for your review prior to it being filed with the IRS. The Form is available for review for the next two weeks and will then be filed with the IRS. Please review by May 10, 2011 and reply to me with any questions or comments.
PROCEDURE FOR REVIEW OF 990 PRIOR TO IRS FILING
An electronic copy of ANC FOUNDATION's annual IRS Form 990 (including required schedules) will be provided to each voting member of the governing body prior to its filing with the IRS.
Upon tax preparer completion of IRS Form 990, the form and accompanying schedules will first be reviewed by the association management company's President and Controller. Thereafter, an electronic copy of Form 990 (and accompanying schedules) will also be made available by the Association Director to each voting member of the governing body via a secure area of ANC FOUNDATION's website, with electronic e-mail notification and instruction for contacting association headquarters with comments or questions, if any. A 2-week open timeframe will be provided for governing body comments or questions.
Following the open timeframe for governing body comments & questions, and following the resolution of any questions or other matters that have arisen, the paper filing version of the Form 990 and accompanying schedules will be provided by the Association Director to a designated association officer (Treasurer or President) for final authorizing signature.
The signed Form 990 will be returned to association management company for copying and then mailed to the IRS by the due date of return.