Welllife Network Inc.

“The form 990 for the fiscal year ended june 30, 2019 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.”

“The CEO has a written employment contract in place that outlines her compensation, including all forms of wages and fringe benefits. The organization uses an outside independent accounting consulting firm with expertise in the not-for-profit industry to perform a compensation analysis of the CEO position. The compensation analysis includes the following: compensation survey for the CEO/Executive Director position based upon the compensation and fringe benefits reported on the 990 tax returns for comparable agencies in the industry. The results of this compensation analysis are presented to the Compensation Committee of the Board of Directors, who review the analysis 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.”

“WELLLIFE NETWORK INC. undertakes a thorough process to ensure that the compensation it pays to its other officers and key employees 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 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.”

“health, wellness, safety and recovery.”

“1) OTHER PROGRAM SERVICES - Total expenses in the amount of $948,184 is represented as various building property costs (such as mortgage interest expenses, insurance expenses, depreciation expenses, utilities expense and etc.) which WELLLIFE NETWORK INC. leased to not only its affiliate but also other non-profit organizations and government entities. TOTAL EXPENSES: $860,492. TOTAL REVENUE: $1,691,929.”