Stratford Foundation Inc.

“President is the sister of a Trustee.”

“The stockholder is a trust. There is one class of stock. The stockholder has the right to elect the Board members. The stockholder does not have rights to make significant decisions of the governing body and/or receive distributions.”

“Form 990 was thoroughly reviewed by the President.”

“To ensure that the Foundation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a.Whether compensation arrangements and benefits are reasonable and are the result of arm's-length bargaining; b.Whether partnerships, joint ventures, and arrangements with management organizations conform to the Foundation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further the Foundation's charitable purposes, and do not result in inurement, impermissible private benefit or in an excess benefit transaction. If a violation of the conflicts of interest policy is suspected: a.If the Board or committee has reasonable cause to believe that an officer, director, or member of a committee has failed to disclose actual or possible conflicts of interest, it shall inform the person of the basis for such belief and afford him or her an opportunity to explain the alleged failure to disclose. b.If, after hearing the response of the officer, director, or member of a committee and making such further investigation as may be warranted in the circumstances, the Board or committee determines that he or she has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Employee compensation is based on performance reviews. President with employees supervisor's recommendations and market analysis determines the salary or hourly wage. The President's salary is determined by the Board in conjunction with the Compensation sub-committee and outside review and input.”

“Disclosure availability of tax returns, governing documents and policies was made through the regional newspaper, The Boston Globe, on August 16, 2014.”

“Transfers from related entity = $510000”