This policy implements Internal Revenue Service requirements regarding public disclosure of SOCOBA’s IRS form 1023 exemption application and annual reporting IRS forms. The following documents will be made available to the public upon request by emailing email@example.com.
a. Articles of incorporation and all amendments;
b. Bylaws and all amendments;
c. Conflict of interest policy;
d. Form 1023 and all attachments
SOCOBA’s Form 990’s are available on GuideStar. Before being posted on GuideStar, the Form 990 will be made available either upon request, on SOCOBA’s website, or by other means allowable under the applicable Treasury Regulations.
Financial statements will not be made available to the public, other than as reported on the annual Form 990. The financial statements are unaudited and are for reporting purposes to the board only. The financial statements represent the current understanding of the financial picture at that snapshot in time, and as such are reviewed by the board of directors. Without an independent audit or review of the financial statements and the information from which they are prepared, SOCOBA believes that it would be unwise to make them available to the public. The information set forth in the Form 990 has at least received the advice of SOCOBA’s independent accountant in its preparation, and to that extent, is a better picture of SOCOBA’s financial condition than the informal financial statements presented to the board during the year.