St Johns Bread & Life Program Inc

“Mr. Thomas McInerney, Board-Vice Chair and Mr. Fred Pytlak, Board Member - Business Relationship. Mr. Thomas McInerney, Board-Vice Chair and Mrs. Paula McInerney, Member - Family Relationship.”

“There is one class of member consisting of three individuals. The members have a number of powers reserved exclusively to them as listed in the Corporation's by-laws.”

“There is one class of member consisting of three individuals. The members have a number of powers reserved exclusively to them as listed in the Corporation's by-laws.”

“Certain decisions of the Board of Directors are subject to approval by the members as listed in the Corporation's by-laws.”

“The Form 990 is reviewed by the Audit Committee of the Board of Directors and is provided to the entire Board of Directors prior to filing.”

“At the annual Bread and Life Program, Inc. board meeting, conflict of interest disclosure statements are filled out by officers and directors, and collected, reviewed and presented to the Audit Committee. These statements are kept on file and any reported conflicts of interest are reported to the board chair, who decides if any action is warranted as specified in the by-laws.”

“Compensation of the Executive Director and Director of Development is reviewed and approved by the Board of Directors taking into account comparable data for peer institutions. There are no other compensated officers or key employees.”

“St. John's Bread & Life Program, Inc. makes its governing documents, conflicts of interest policy, and financial statements available to the public upon request.”

“There were no independent contractors paid more than $100,000 during the current calendar year.”

“In July 2008, Bread & Life entered into various agreements for the purpose of participating in the Federal New Markets Tax Credit program ("NMTC"). In connection with this transaction, Bread & Life made a restricted grant in the amount of $4,870,600 to St. John's University to induce the University to serve as the leveraged lender in the transaction. As the leveraged lender, the University received charitable contributions raised by Bread & Life, and loaned them to an NMTC investor. The NMTC investor used the contributions to leverage its equity investment and made loans to Bread & Life in the amounts of $4,870,600 ("Loan A") and $1,919,400 ("Loan B"), respectively. The loans carried interest at 1% per annum to maturity on June 30, 2048. Interest due on Loan A was accrued and added to principal until June 1, 2016. Interest on Loan B was payable quarterly in arrears. Accrued interest payable on Loan A was $0 and $338,913 as of June 30, 2016 and 2015, respectively. In July 2015, an affiliate of the NMTC investor had the option (the "Put") to sell its interest in the loans for the sum of $21,294 to the Program Affiliate. On July 23, 2015, the Program Affiliate exercised the Put resulting in a gain on the forgiveness of debt in the amount of $6,967,521.”