Rose Hill Foundation

“Rosemary and daniel kelly are both on the board of directors of rose hill foundation. Rosemary and daniel are wife and husband.”

“The board of directors of rose hill center has the right to appoint a number of directors to the rose hill foundation board. The number of foundation directors appointed by the center is limited to one less than the number of other directors serving on the rose hill foundation board. All directors of the foundation have equal authority and powers.”

“Upon completion of the form 990, it is reviewed by the investment and audit committee, and then submitted to the board of directors for their review and approval prior to filing.”

“All directors and principal officers are required to sign annual statements that affirm that they have received a copy of the conflict of interest policy, have read and understand the policy, and have agreed to comply with the policy. Further, they affirm their understanding that the organization is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax exempt purposes. To ensure that the organization operates in a manner consistent with its charitable purposes, periodic reviews shall be conducted. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the actual or possible conflict of interest and disclose all material facts surrounding the proposed transaction or arrangement. Once disclosed, the interested person will leave the meeting while the determination of a conflict of interest is discussed and voted upon. The remaining members will decide if a conflict of interest exists. If a conflict exists, the interested person abstains from voting.”

“The form 990, audit reports, and other documents are mailed or faxed upon request. The form 990 is also available on the guidestar.com website.”

“There have been no changes to the oversight and auditor selection process during the year.”

“Explanation regarding fundraising events the economic profit earned from this event is the net of line 1, total gross receipts ($141,955) and line 10, direct expenses ($33,058), or $108,897 net profit. The following items are reported in compliance with the instructions for schedule g: line 1, gross receipts - $141,955 - represents total receipts from the events. Line 2, charitable contributions - $112,325 - represents amount required by the irs to be acknowledged to donors as contributions. Line 3, gross income - $29,630 - represents payments by donors for value received. Line 10, direct expense summary - $33,058 - costs incurred in connection with fundraising events.”