Spurwink Services Incorporated

“The CFO and Treasurer prepares the supporting documents for the preparation of the Form 990. When the CPA firm delivers the first draft of the Form 990, the CFO/Treasurer reviews the document and makes any appropriate edits. The revised draft is reviewed with the President/CEO, and any changes and edits are recommended to the CPA firm. The final draft is shared with the Finance Committee who votes to adopt the Form 990. The CFO/Treasurer approves the final draft and the form is filed with the IRS.”

“Upon joining the board and annually thereafter, each board member is required to sign Spurwink's "Declaration of Potentially Conflicting Interest". The board member attests that they do not conduct business with Spurwink, their family members do not conduct business with Spurwink, and that they do not have business interests that compete with Spurwink, unless otherwise noted. Board members also attest that they have read Spurwink's conflict of interest policy. The board members are required to disclose any conflicts. The President/CEO reviews the disclosures and ensures that the board members with conflicts abstain from voting on matters related to the conflict.”

“Spurwink's Vice President of Human Resources gathers data annually from publicly available sources about wages in other agencies. This information is shared with the Board of Directors. Spurwink's Board sets wages for the following corporate officers: President and CEO, Chief Operating Officer, Chief Financial Officer/Treasurer and Secretary/VP of CQI.”

“Spurwink Services provides copies of its Form 990, governing documents, conflict of interest policy and financial statements upon request. The governing documents are filed with the Maine Secretary of State. Financial statements are public documents through our business with the Maine Departments of Health and Human Service, Education and Corrections.”

“Consultant and Outside Services: Program service expenses 10,983,091. Management and general expenses 850,875. Fundraising expenses 102,717. Total expenses 11,936,683.”

“Section 1.263(a)-3(n) Election: Spurwink Services, Inc. 901 Washington Avenue, Suite 100 Portland, ME 04103 EIN: 01-0319802 Section 1.263(a)-3(n) Election: Spurwink Services, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Change in Net Assets to Recognize Funded Status of Pension Plan 1,823,026. Excess of Assets Acquired over Liabilities Assumed in Acquisition 4,515,379.”

“During the year, the Organization identified an issue in reporting under its Affiliates program. The subsequent investigation of amounts billed in 2017 and 2018 identified errors that resulted in overstatements of revenues and expenses of $1,443,489 and $1,033,573, respectively, for the year ended June 30, 2017. As a result, the 2017 financial statements were restated to reflect a decrease in revenue, expenses, and associated accounts receivable and payable, and a decrease in change in unrestricted net assets in 2017 of $409,916.”