Welllife Network Inc.

“The form 990 for the fiscal year ended june 30, 2016 and appropriate schedules, as required (form 990), is completed by the accounting staff of the organization along with outside tax advisors and reviewed internally by management before it is considered an initial draft. The draft of the form 990 is then distributed to and presented to the board of directors (the board). Once the board's review is complete, the form 990 is then updated as required and submitted to the internal revenue service.”

“Promptly following the adoption of this policy, and thereafter not later than april 30 of each year, each director and key employee shall disclose in writing to the chairperson of the board any existing financial or other material interests or co-investment interests subject to this policy by completing a conflict of interest disclosure statement. The conflict of interest disclosure statements shall be reviewed by the chairman of the board. Any issues not previously disclosed shall be referred by him or her to the board or appropriate committee. The conflict of interest disclosure statements shall be retained in the confidential files of the chairperson of the board.”

“PSCH, Inc. undertakes a thorough process to ensure that the compensation it pays to its top executives is commensurate with compensation paid by other entities in the same industry. The organization uses an outside independent accounting firm with expertise in the not-for-profit industry to perform compensation analyses for the CEO and other corporate officers. The compensation analyses include compensation surveys for each position based upon the compensation and fringe benefits reported on the IRS 990 tax returns for comparable agencies in the industry. The results of these compensation analyses are presented to the Compensation Committee of the Board of Directors, who review the analyses to determine appropriate compensation levels and ensure compliance with the Due Diligence Guidelines as outlined in IRC 4958. The basis for its determination and all decisions made are contemporaneously documented in meeting minutes.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Together, for some 80 years, PSCH and Pederson-Krag Center have been an integral part of the New York and Long Island community. We provide an extensive network of life-changing mental health, family, children, developmental disabilities, rehabilitation, residential, substance abuse, training, employment, care coordination and community education services to more than 25,000 individuals each year. Effective January 1, 2017 our new name is WellLife Network that conveys the vitality, purpose and essence of our mission - empowering individuals to heal, recover and become more independent in the community.”

“health, wellness, safety and recovery.”

“1) OTHER PROGRAM SERVICES - Total expenses in the amount of $1,223,660 is represented as various building property costs (such as mortgage interest expenses, insurance expenses, depreciation expenses, utilities expense and etc.) which PSCH, Inc. leased to not only its affiliate but also other non-profit organizations and government entities as well. TOTAL EXPENSES: $1,223,660. TOTAL REVENUE: $2,027,268.”