Howardcenter Inc.

“A copy of the Form 990 is distributed annually to the Board Finance Committee members for review and discussion and made available to the full Board to vote and approve.”

“Board members read and sign off on the Conflicts of Interest Policy annually.”

“Line 15a: The Personnel Committee is charged with working with the Board President and Chief Executive Officer to recommend a Chief Executive Officer contract to the full Board of Directors for review and approval. The Chief Executive Officer contract outlines total compensation to include salary and benefits for the term of the contract. Line 15b: Salary Authority The Chief Executive Officer or his designee has final authority for the assignment of salaries. The Chief Executive Officer is hired by the Board of Trustees who assigns his/her salary. Salary on Appointment Chief Client Service Officers and the Chief Financial and Operations Officer, are hired by the Chief Executive Officer who assigns appropriate salaries. All other individuals are hired according to their assigned pay scale. Individuals are typically hired at the minimum of the appropriate pay scale. Exceptions to this may be made by the Chief Executive Officer or designee as a result of prevailing market conditions or other factors as deemed relevant in the sole discretion of the Chief Executive Officer.”

“Governing documents are made available to the public through the maintenance of a public file available upon request.”

“Contracted Services: Program service expenses 16,718,396. Management and general expenses 1,043,563. Fundraising expenses 6,846. Total expenses 17,768,805.”

“Section 1.263(a)-3(n) Election: HowardCenter, Inc. 208 Flynn Avenue, Suite 3J Burlington, VT 05401 EIN: 03-0179433 HowardCenter, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“During 2019, the Organization determined there were errors in the previously reported 2018 financial statements. In addition, net assets have been restated upon adoption of ASU No. 2016-14 (Note 1). Upon adopting ASU No. 2016-14, the Organization no longer has the option to release from restriction long-lived assets over the related useful life. Under ASU No. 2016-14, the Organization is now required to release from restriction when the long-lived asset is placed into service. The application of ASU No. 2016-14 is on a retrospective basis and impacts the earliest period presented.”