Copley Professional Services Group Inc

“The Organization's Form 990 is prepared with the assistance of an independent public accounting firm. The draft is then thoroughly reviewed by the Finance Committee and other key financial staff. Once any changes are made, the Organization makes the Form 990 available for all Board Members to review via secure web portal, email, or in hard copy prior to filing with the IRS.”

“The Board of Directors fills out a conflict of interest questionnaire/disclosure form annually in April.”

“The CEO compensation is determined and executed by the Board of Directors taking into consideration individual and organizational performance, experience, and comparable market rates for the position. All other officer and key employee compensation is determined by the CEO focusing on individual performance, experience, and utilizing outside compensation data.”

“The Organization makes its governing documents, conflict of interest policy, audited financial statements, and Forms 1023 and 990 available to the public upon request at its central offices.”

“In accordance with IRS instructions, compensation is to be reported for individuals listed on Form 990, Part VII, Section A based on the calendar year ending within the reportable fiscal year. Therefore, no compensation has been listed for Mr. David Yacavone, who served as Interim President/CEO from March 2018 until September 2018, or Mr. Scot McCray, who began working with the Organization as CEO in September 2018. Compensation information for both individuals will be reported on the Organization's Form 990 for the fiscal year ending September 30, 2019.”

“While no policy or procedure that is written exists, in every instance where CHSLV has entered into a joint venture, CHSLV has secured legal advice to understand the implications of entering into an LLC agreement and its impact on the Organization's tax exempt status. This is the normal procedure followed to safeguard the Organization's tax exempt status for all LLC agreements. Previously, CHSLV's Schedule R listed several LLC entities as related organizations which constituted the Organization's joint ventures. No joint venture that CHSLV is currently engaged with meets the control thresholds that would require disclosure in Schedule R as defined in the IRS instructions.”

“The Organization did not incur any fundraising expenses during the current fiscal year. All grants are received primarily from state and federal sources on an on-going basis.”

“Net Adjustment to Third Party Settlements -748,077.”

“The audit process has not changed from the prior year.”

“The Organization is a designated FQHC under the Medicaid program, and therefore is eligible to receive additional reimbursement for services provided pursuant to the Medicaid list of allowable expenses. In 2018, management determined that the Organization's dental practice was outside the FQHC approved scope of service and, as such, services provided between 2011 and 2017 were not eligible for cost settlement. As a result, in 2019 the Organization will repay $443,478 of previously settled funds to Medicaid and has also adjusted the cost settlement receivable by $304,600 for funds not yet received.”