Americares Foundation Inc.

“Form 990, Part VI, Line 11 The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's financial department. The Form 990 is presented to the Audit Committee of the Board of Directors by Management and its external accounting firm; once reviewed and accepted by the Audit Committee, the 990 is distributed to the full Board of Directors for their review and comment. Once the Board of Directors has reviewed the Form 990, it is electronically filed with the Internal Revenue Service.”

“Form 990, Part VI, Line 12 Section 1. Policy. A Director or officer shall disclose to the Board of Directors any potential conflicts of interest in connection with proposed actions of the Corporation. When any such conflict of interest is relevant to a matter requiring action by the Board of Directors, or a committee thereof, such interested Director or officer shall not vote on the matter. Moreover, the interested Director or officer shall retire from the room in which the Board of Directors (or the committee) is meeting and shall not participate in the final deliberation or decision regarding the matter under consideration. However, the interested director or officer shall provide the Board of Directors or committee with any and all material information. Section 2. Disclosure. The minutes of the meeting of the Board of Directors or committee shall reflect that a conflict of interest was disclosed and that the interested Director or officer was not present during the final discussion or vote and did not vote. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by a vote of the Board of Directors, or the committee, excluding the interested Director or officer concerning whose situation the doubt has arisen. Section 3. Review of Policy. This policy shall be reviewed annually for the information and guidance of directors, officers and staff members; and any new directors, officers or staff members shall be advised of the policy and furnished a disclosure statement upon undertaking the duties of such office.”

“Form 990, Part VI, Line 15 AmeriCares pursues a rigorous process to ensure that the compensation it pays is commensurate with the not-for-profit industry in which it operates. The Foundation has a Compensation Committee in place that determines the President & CEOs compensation based on compensation survey results conducted by an independent third party consultant. (The last survey was conducted in October of 2017). The Board of Directors ultimately determines the compensation of the President and CEO. The Foundations Chief Executive Officer determines the compensation of the other senior staff and may utilize available market data, salary survey results and other available tools to substantiate decisions.”

“Form 990, Part VI, Line 19 The foundation makes its Form 990 available to the public by retaining a copy at its place of business and on its website. The Form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements are available on its website and by request. The governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“Changes in Split-Interest Agreements ($571,782) Adjusted Value of Donated Property ($35,000) ---------- TOTAL ADJUSTMENTS for LINE 9 ($606,782)”