TY 2021 Form 990 Schedule O

Instrumentl eFile RenderObject ID: 202223159349300832 - Rendered 2024-05-02 TIN: 11-3466176

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2021

Open to Public
Inspection

Name of the organization

FRIENDS OF IR DAVID INC

Employer identification number

11-3466176

Return Reference	Explanation
FORM 990, PAGE 6, PART VI, LINE 11B	THE 990 IS PROFESSIONALLY PREPARED BY OUR TAX ADVISORS WORKING CLOSELY WITH THE ORGANIZATION. FOLLOWING THE PREPARATION OF THE 990, A DRAFT IS SUBMITTED FOR REVIEW TO EACH OF THE ORGANIZATION'S DIRECTORS AND OFFICERS WHO MAY COMMENT OR SUGGEST EDITS PRIOR TO FINALIZING AND FILING.
FORM 990, PAGE 6, PART VI, LINE 12C	POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AT LEAST ANNUALLY WITH EACH OF THE DIRECTORS AND OFFICERS. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND AFFIRMED AT EACH ANNUAL MEETING. WHEN A MATTER COMES BEFORE THE BOARD OF DIRECTORS THAT GIVES RISE TO A POTENTIAL CONFLICT OF INTEREST, THE AFFECTED DIRECTOR MAKES THE ISSUE KNOWN TO THE BOARD. AFTER DISCLOSING THE RELEVANT FACTS AND ANSWERING ANY QUESTIONS, THE AFFECTED DIRECTOR LEAVES THE MEETING FOR FURTHER DISCUSSION AND ANY RELATED VOTE. IF IT IS UNCLEAR WHETHER A CONFLICT EXISTS, THE REMAINING DIRECTORS WILL MAKE THE DETERMINATION. IF THE BOARD OF DIRECTORS BELIEVES SOMEONE HAS FAILED TO DISCLOSE A CONFLICT, IT INFORMS THE DIRECTOR AND GIVES THEM A CHANCE TO RESPOND AND EXPLAIN. IF THE BOARD DETERMINES THAT THE DIRECTOR HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, THE BOARD TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
FORM 990, PAGE 6, PART VI, LINE 15B	THE ONLY COMPENSATED PERSON AFFILITATED WITH THE ORGANIZATION IS THE EXECUTIVE DIRECTOR. HIS SALARY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE SALARY WAS DETERMINED TO BE REASONABLE FOR THE WORK PERFORMED AND IS COMPARABLE TO WHAT EXECUTIVE DIRECTORS OF SIMILAR SIZED ORGANIZATIONS ARE COMPENSATED. THIS PROCESS IS COMPLETED EACH YEAR BY THE BOARD OF DIRECTORS IN CONJUNCTION WITH THE ORGANIZATION'S ANNUAL MEETING, WHEN THE SALARY IS VOTED ON.
FORM 990, PAGE 6, PART VI, LINE 19	THESE ARE GENERALLY AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.

Return Reference

Explanation

FORM 990, PAGE 6, PART VI, LINE 11B

THE 990 IS PROFESSIONALLY PREPARED BY OUR TAX ADVISORS WORKING CLOSELY WITH THE ORGANIZATION. FOLLOWING THE PREPARATION OF THE 990, A DRAFT IS SUBMITTED FOR REVIEW TO EACH OF THE ORGANIZATION'S DIRECTORS AND OFFICERS WHO MAY COMMENT OR SUGGEST EDITS PRIOR TO FINALIZING AND FILING.

FORM 990, PAGE 6, PART VI, LINE 12C

POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED AT LEAST ANNUALLY WITH EACH OF THE DIRECTORS AND OFFICERS. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND AFFIRMED AT EACH ANNUAL MEETING. WHEN A MATTER COMES BEFORE THE BOARD OF DIRECTORS THAT GIVES RISE TO A POTENTIAL CONFLICT OF INTEREST, THE AFFECTED DIRECTOR MAKES THE ISSUE KNOWN TO THE BOARD. AFTER DISCLOSING THE RELEVANT FACTS AND ANSWERING ANY QUESTIONS, THE AFFECTED DIRECTOR LEAVES THE MEETING FOR FURTHER DISCUSSION AND ANY RELATED VOTE. IF IT IS UNCLEAR WHETHER A CONFLICT EXISTS, THE REMAINING DIRECTORS WILL MAKE THE DETERMINATION. IF THE BOARD OF DIRECTORS BELIEVES SOMEONE HAS FAILED TO DISCLOSE A CONFLICT, IT INFORMS THE DIRECTOR AND GIVES THEM A CHANCE TO RESPOND AND EXPLAIN. IF THE BOARD DETERMINES THAT THE DIRECTOR HAS FAILED TO DISCLOSE A CONFLICT OF INTEREST, THE BOARD TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.

FORM 990, PAGE 6, PART VI, LINE 15B

THE ONLY COMPENSATED PERSON AFFILITATED WITH THE ORGANIZATION IS THE EXECUTIVE DIRECTOR. HIS SALARY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. THE SALARY WAS DETERMINED TO BE REASONABLE FOR THE WORK PERFORMED AND IS COMPARABLE TO WHAT EXECUTIVE DIRECTORS OF SIMILAR SIZED ORGANIZATIONS ARE COMPENSATED. THIS PROCESS IS COMPLETED EACH YEAR BY THE BOARD OF DIRECTORS IN CONJUNCTION WITH THE ORGANIZATION'S ANNUAL MEETING, WHEN THE SALARY IS VOTED ON.

FORM 990, PAGE 6, PART VI, LINE 19

THESE ARE GENERALLY AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2021

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