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KUPATH EZRAH OF ROCKLAND COUNTY INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
KUPATH EZRAH OF ROCKLAND COUNTY INC (EIN 23-7259447)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-12-13
IRS object ID
201213489349300421
Schema version
2011v1.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-12-13T12:56:18-06:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN264004567EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1LOKETCH & PARTNERS LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line11560 BROADWAY SUITE 316AddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10036ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN237259447EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1KUPATH EZRAH OF ROCKLAND COUNTY INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlKUPANameControl
Phone8454266504Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 3AddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePAUL MASHINSKYName
TitlePRESIDENTTitle
Phone8454266504Phone
Date Signed2012-12-03DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameLOUIS LOKETCHName
PTINP00711327PTIN
Phone2128692316Phone
Date Prepared2012-12-03DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonPAUL MASHINSKYNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line131 BRIARCLIFF DRIVEAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode
FieldValueIRS element (for citing)
Gross Receipts2118736GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1958YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionKUPATH EZRAH, INC. IS A COMMUNITY BASED CHARITABLE FUND. IT ASSISTS POOR AND INDIGENT COMMUNITY MEMBERS THROUGH VARIOUS PROGRAMS.ActivityOrMissionDescription
Nbr Voting Members Governing Body0NbrVotingMembersGoverningBody
Nbr Independent Voting Members0NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI111404TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1544800ContributionsGrantsPriorYear
Contributions Grants Current Year2007272ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year252InvestmentIncomePriorYear
Investment Income Current Year60InvestmentIncomeCurrentYear
Other Revenue Prior Year112880OtherRevenuePriorYear
Other Revenue Current Year111404OtherRevenueCurrentYear
Total Revenue Prior Year1657932TotalRevenuePriorYear
Total Revenue Current Year2118736TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year1552326GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY1590473GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year80522SalariesEtcPriorYear
Salaries Etc Current Year108481SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year129565TotalFundrsngExpCurrentYear
Other Expense Prior Year145821OtherExpensePriorYear
Other Expenses Current Year163286OtherExpensesCurrentYear
Total Expenses Prior Year1778669TotalExpensesPriorYear
Total Expenses Current Year1862240TotalExpensesCurrentYear
Revenues Less Expenses Prior Year-120737RevenuesLessExpensesPriorYear
Revenues Less Expenses CY256496RevenuesLessExpensesCY
Total Assets BOY63198TotalAssetsBOY
Total Assets EOY225120TotalAssetsEOY
Total Liabilities BOY119696TotalLiabilitiesBOY
Total Liabilities EOY25300TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY-56498NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY199820NetAssetsOrFundBalancesEOY
Mission DescriptionKUPATH EZRAH, INC. IS A COMMUNITY BASED CHARITABLE FUND. IT ASSISTS POOR AND INDIGENT COMMUNITY MEMBERS THROUGH VARIOUS PROGRAMS.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense1632181Expense
Grants1632181Grants
DescriptionFINANCIAL ASSISTANCE TO POOR AND NEEDY FAMILIES.Description
Total Program Service Expense1632181TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required0ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals1GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members0NbrVotingGoverningBodyMembers
Number Independent Voting Members0NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy1DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number8454266504TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line159 COLLEGE ROADAddressLine1
CityMONSEYCity
StateNYState
ZIP Code10952ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
PAUL MASHINSKY
PRESIDENT20.00XX7635000
SAM HERBSTMAN
VICE PRESIDENT5.00X000
CHANA GOBIOFF
SECRETARY20.00X000
FieldValueIRS element (for citing)
Total Reportable Comp From Org76350TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation0TotalOtherCompensation
Number Individuals GT100 K0NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Government Grants15000GovernmentGrants
All Other Contributions1992272AllOtherContributions
Total Contributions2007272TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column60TotalRevenueColumn
Exclusion$60ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionSECOND HAND CLOTHING ADescription
Business Code453310BusinessCode
Total Revenue Column111404TotalRevenueColumn
Unrelated Business Revenue111404UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Other Revenue111404TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column2118736TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue111404UnrelatedBusinessRevenue
Exclusion$60ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total1590473Total
Program Services1590473ProgramServices

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total76350Total
Program Services38175ProgramServices
Management And General38175ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total19032Total
Management And General19032ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total4271Total
Management And General4271ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total8828Total
Program Services3533ProgramServices
Management And General5295ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total9943Total
Management And General9943ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total3850Total
Management And General3850ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1000Total
Management And General1000ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total2552Total
Management And General2552ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalFundraisingFundraisingManagement And GeneralManagementAndGeneral
FUNDRASING EVENTS129565129565
BANK AND CREDIT CARD CH83048304
POSTAGE54845484
TELEPHONE25882588

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total1862240Total
Program Services1632181ProgramServices
Management And General100494ManagementAndGeneral
Fundraising129565Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
EOY160033EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY15695BOY
EOY18763EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis39000LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec3000LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY37000BOY
EOY36000EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY1203BOY
EOY1024EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY9300BOY
EOY9300EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY63198BOY
EOY225120EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY520BOY
EOY728EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY119176BOY
EOY24572EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY119696BOY
EOY25300EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY-56498BOY
EOY199820EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY-56498BOY
EOY199820EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY63198BOY
EOY225120EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses256496ReconcilationRevenueExpenses
Reconcilation Other Changes-178ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1401531CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1521354CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1388675CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1544800CurrentTaxYearMinus1Year
Current Tax Year2007272CurrentTaxYear
Total7863632Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1401531CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1521354CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1388675CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1544800CurrentTaxYearMinus1Year
Current Tax Year2007272CurrentTaxYear
Total7863632Total
FieldValueIRS element (for citing)
Public Support Total1707863632PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4942CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years1739CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years2256CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year252CurrentTaxYearMinus1Year
Current Tax Year60CurrentTaxYear
Total9249Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years109152CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years107662CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years120380CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year120380CurrentTaxYearMinus1Year
Current Tax Year111404CurrentTaxYear
Total568978Total
FieldValueIRS element (for citing)
Total Support8441859TotalSupport
Public Support Pertcentage1700.93150PublicSupportPertcentage170
Public Support Pertcent Prior Year0.93170PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule D IRS990ScheduleD

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis39000OtherCostOrOtherBasis
Depreciation3000Depreciation
Book Value36000BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings36000TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionLOANS PAYABLEDescription
Amount$24,572Amount
FieldValueIRS element (for citing)
Total Of Amounts24572TotalOfAmounts
Total Revenue2118736TotalRevenue
Total Expenses1862240TotalExpenses
Excess Or Deficit For Year256496ExcessOrDeficitForYear
Other-$178OtherAmount
Total Adjustments-178TotalAdjustments
Excess Or Deficit Per FS256318ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt2118736TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal2118736RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form9902118736TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt1862240TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal1862240ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9901862240TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierPART XI, LINE 8 - OTHER ADJUSTMENTS:Identifier
ExplanationUNREALIZED LOSS ON INVESTMENTS -178.Explanation

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records Maintained0RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantCASH GRANTS GIVEN TO NEEDY INDIVIDUALS FOR DAILY LIVING EXPENSES SUCH AS FOOD, RENT, UTILITIES ETC.TypeOfGrant
Number Of Recipients450NumberOfRecipients
Amount Of Cash Grant1590473AmountOfCashGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (6 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11ORGANIZATION'S GOVERNING BODY REVIEWS THE 990 BEFORE IT IS SUBMITTED TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CTHE ORGANIZATION REGULARLY INQUIRES OF ALL OFFICERS AND DIRECTORS AS TO THEIR ONGOING COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY.
FORM 990, PART VI, SECTION B, LINE 15DETERMINATION OF COMPENSATION FOR TOP MANAGEMENT INCLUDES ANALYSIS OF COMPARABLE POSITIONS IN RELATED EXEMPT ORGANIZATIONS IN ADDITION TO A REVIEW BY INDEPENDENT PERSONS.
FORM 990, PART VI, SECTION C, LINE 19ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THE NYS OFFICE OF ATTORNEY GENERAL - CHARITIES BUREAU WEBSITE.
FORM 990, PART XI, LINE 5:UNREALIZED LOSS ON INVESTMENTS -178. TOTAL TO FORM 990, PART XI, LINE 5: -178.CHANGES IN NET ASSETS OR FUND BALANCES:
FORM 990 PART XII LINE 2CTHE ORGANIZATION'S GOVERNING BODY ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THIS PROCEDUCE HAS BEEN IN PLACE IN PRIOR YEARS AS WELL.