Howardcenter Inc.

“The organization amended its Bylaws during the year to add the following Dissolution/Merger provision. Upon dissolution, as allowed by law, any assets and property obtained by the Corporation with State of Vermont funds specifically awarded for such purpose shall be returned to the State of Vermont. The Trustees approving dissolution shall adopt a plan of dissolution that provides for, after paying or making provision for the payment of all of the liabilities of the Corporation, disposition of all of the assets of the Corporation exclusively for the purpose of the Corporation in such manner, to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue law) or to the federal government or the State of Vermont, in either case, for a public purpose, in any case as the Board shall determine. Prior to merger with another organization or entity, the Corporation shall obtain written approval from the State of Vermont approving the transfer, or requiring the return, of the assets and property purchased directly with State of Vermont funds specifically awarded for such purpose.”

“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 Medical Officer, Chief Client Services Officer 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 17,997,425. Management and general expenses 480,963. Fundraising expenses 2,863. Total expenses 18,481,251.”

“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).”