Looking Upwards Inc.

“As of february 2010, the organization became a founding member of the keystone group. The keystone group was formed in 2010 to provide financial, human resource, marketing, public relations and information technology support in order to decrease administrative costs for member organizations. As of june 30, 2015 there are currently three member organizations. Decisions subject to approval by other persons are detailed below. Major decisions that require approval by the keystone group board: (1) adopting annual operating or capital budgets; (2) authorizing off-budget transactions of $50,000 or more; (3) organizing or acquiring an affiliate or subsidiary, including becoming the corporate member of any other non-profit organization; (4) authorizing the filing of any receivership, bankruptcy or similar proceeding; (5) authorizing the sale or other transfer of all or substantially all of the corporation's assets; (6) authorizing the dissolution, merger or consolidation of the organization; or (7) amending the organization's articles of incorporation or bylaws. Major decisions that require approval by the keystone group ceo: (1) authorizing off-budget transactions that are $10,000 or more, but less than $50,000; (2) borrowing money, unless already approved in the current budget; (3) opening or closing locations or service lines; (4) authorizing the sale of any real estate owned by the organization; or (5) authorizing the organization to contract directly or indirectly with third party payers.”

“The form 990 is prepared by the external auditors and reviewed by management. Revisions, corrections, etc. Are made as necessary. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. No review was or will be conducted by the board.”

“The board of directors are asked annually to review the looking upwards, inc. Conflict of interest policy, disclose any potential conflicts of interest and sign-off that they understand their obligations as a member of the board. The conflict of interest policy states that periodic reviews be performed evaluating whether partnership, joint ventures or the like conform with the organization's written policies regarding unauthorized private benefit and excess benefit transactions.”

“There is only one employment contract, which is with the executive director. This contract is evaluated for reasonableness by the board and is compared with external survey results from other non-profits performing similar services in rhode island on an annual basis. Legal expertise is employed when necessary to consider the effects of collaborative efforts with reference to its tax exempt status and written policy.”

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who can come to the administrative office during normal business hours. The organization charges for the copies in accordance with irs regulations.”