The 470 Franklin Project Inc.

“Heritage centers erie county chapter nysarc, inc. (an affiliated 501 (c) (3) organization - affiliated through common board members) (ein 16-0769044) performs management and administrative services for the 470 franklin project, inc. Heritage centers charges the 470 franklin project, inc. A management fee for these services.”

“The 470 franklin project follows the same procedures as heritage centers whose procedures are as follows: the board of governors does not review chapters' form 990's before they are filed. Each chapter submits a final copy of its form 990 to the governing body after it is filed. Each chapter must have a process for its board of directors to review the from 990. The erie county chapter's process is as follows: the 990 is presented in draft form to the treasurer of the heritage centers, inc. Board of directors after it has been reviewed by agency fiscal personnel. He has the opportunity to review the return and suggest any changes. A final copy of return is provided to the entire board of directors prior to filing with the internal revenue service.”

“The 470 franklin project follows the same procedures as heritage centers whose procedures are as follows: a conflict of interest form is to be completed annually by each board member or updated if a change occurs subsequent to completion. Completed forms shall be presented to the board chairman to be reviewed with the other officers of the organization and then filed in the corporate records. Each board member should also retain a completed copy of this form. A board member may be considered to have a conflict of interest if: (a) such board member has an existing or a potential financial interest which impairs or might reasonably appear to impair such member's independent, unbiased judgment in the discharge of his/her fiduciary responsibility to the organization. (b) such member is aware that a member of his/her family (which, for purposes of this document, shall be spouse, child, parent, grandparent, sibling, stepchild, stepparent, father/mother-in-law, brother/sister-in-law, uncle or aunt) or any organization which such member (or member of his/her family) is an officer, trustee, employee, member, partner, shareholder, board member, has such existing or potential financial or other interest. All members shall disclose to the board of the organization any possible conflict of interest at the earliest practical time. No board member shall vote on any matter, under consideration by the board or a committee of the board, in which member has a conflict of interest. The minutes of such meeting shall reflect that a disclosure was made and that the member having the conflict of interest abstained from both the deliberations and from voting on the issue. Any member who is uncertain whether he/she has a conflict of interest in any matter shall request the board or committee to determine whether a conflict of interest exists and the board or committee shall resolve the question by majority vote. Any other member may request such member to leave the room during deliberations and voting, and such request shall be honored. Each disclosure will be reviewed and assessed on an individual basis. In the event heritage centers is required, pursuant to regulations, to disclose information on this statement, the information will be discussed with the board member prior to the disclosure being made”

“The 470 franklin project follows the same procedures as heritage centers whose procedures are as follows: the executive committee of the chapter's board of directors is charged by the chapter's board with the responsibility to review and approve the recommendations of the personnel/compensation committee regarding the compensation of the executive director of nysarc -erie co. Chapter. Annually, the personnel/compensation committee conducts a performance evaluation, consults surveys of comparable compensation for like positions, reviews performance standards for board approved annual goals. The personnel/compensation committee recommends to the executive committee of the board any changes to the total compensation and compensation package of the executive director. Upon approval by the executive committee the full board of directors is notified.”

“The organization makes its form 990 availiable to the public upon request over the phone, in writing and via e-mail. The organizations governing documents, conflict of interst policy, and financial statements are not available to the public. The organizations form 1023 was filed by nysarc in may 1954. The irs has notified the organization that since the form 1023 was filed prior to july 15, 1987, it was not required to make the form publically available.”

“The 470 franklin project, inc. Was included in the combined audited financial statements of heritage as of and for the year ended december 31, 2015 and will be included in the december 31, 2016 combined heritage centers audited financial statements as well.”