Emmaus Holdings

“The Finance Committee approves the tax return in a timely manner. At the next Board of Director's Meeting the tax return is presented to the entire Board with copies made available for review and discussion.”

“Disclosure of conflict of interest is in the By-Laws of Emmaus Holdings and reads as follows: "Each member and Director shall disclose to the Board of Director's any financial or other relationship that might reasonably be construed as inconsistent with the discharge of such member and director's undivided fiduciary duties to the corporation." New Board members are asked to sign a conflict of interest document and all Board members are required to report conflicts of interest when they become aware when such conflicts are sufficient. A conflict of interest statement is signed by each Board member annually.”

“Emmaus Holdings did not pay any salaries in this reported fiscal year, but if it was to pay the salary of a top management official the By-Laws state that the top executive's salary would be determined by a sub-committee of the Board of Director's (The Personnel Committee) made up of various members who determine salary based on performance and other market factors. External review of other top management salaries through tax return forms of "like" agencies, personnel consulting agencies and other comparable data would be used to determine salary.”

“Governing documents, conflicts of interest policies and financial statements are made available to the public. Any public individual can come into the agency and receive any of these documents, but if they are unable to come into the office, the governing and conflict documents can be sent to them via the mail service. The fnancial statements for Emmaus Holdings can be obtained online.”

“No audited financial statements from independent auditors were issued, but these statements are included and combined in the financial statements for the parent company Emmaus, Inc. whose federal identification number is 22-2702774 and is located at 127 How Street in Haverhill, MA 01830.”

“No audited financial statements from independent auditors were issued, but these statements are included and combined in the financials statements for the parent company Emmaus, Inc. whose federal identification number is 22-2702774 and is located at 127 How Street in Haverhill, MA 01830.”

“Other changes in Net Assets is represented by depreciation of ($174,843) and a decrease in debt of $18,539 through payment of Notes and a decrease in debt of $133,497 through Self-Amortization of forgivable Notes.”

“Depreciation Expense of (174,843) offset by decrease in debt through payment of Notes by 18,539 and decrease of debt through Self-Amortization of 133,497 results in a net decrease of $22,807”