St. Anns Foundation Inc.

“The executive committee is made up of the chairs of each board committee, along with the immediate past board chair. All of the members are on the board. While virtually all decisions go to the board for final approval, the executive committee can act as a decision-making group per the bylaws.”

“Additional language was added to the organizational documents to reflect the changes required by the new york non-profit revitalization act.”

“The information for the report is prepared by st. Ann's staff, provided and reviewed by efp rotenberg, llp. Final reports are reviewed by the st. Ann's accounting team, including the director of finance and cfo, and provided to the ceo and board members for comments prior to filing the return.”

“All board members (including the president and ceo) are required to annually complete and sign a conflict of interest disclosure statement. The forms are then reviewed by the vp of organizational development and any potential conflicts are dealt with as needed including abstaining from voting on matters related to such conflicts. Any person covered by the policy shall not knowingly use his or her position for personal gain, to compromise st. Ann's interests, or to allow a conflict to arise between st. Ann's interest and his or her personal interest.”

“Each year an independent wage study is conducted by a consultant. Directors and above, except ceo, are reviewed by vp of hr and ceo with adjustments made as needed to maintain competitiveness. Ceo data is reviewed by a committee including the board chair, past board chair, and hr committee chair. Adjustments made as needed to maintain market competitiveness. 2014 vps and ceo data reviewed; 2014 director level data reviewed.”

“Financial statement, conflict of interest policy and governing documents are made available to the public upon request.”

“Change in value of beneficial interest in perpetual trust 37,194. Change in value of beneficial interest in remainder trust -174.”

“No change from prior year.”

“All individuals working at st. Ann's foundation, inc. ("saf") are employees of st. Ann's home for the aged ("sah") and are reported on its form 941 under ein 16-0743146. The salary and benefits expenses reported on form 990, part ix are saf's allocated payroll costs based on time spent by the shared employees. Sah is an affiliated tax-exempt organization.”