Friendship Senior Options Foundation Nfp

“Friendship senior options, nfp provides strategic direction and critical management services including executive, administrative, and financial functions to friendship senior options foundation, nfp.”

“Friendship senior options, nfp is a member in that it can appoint the members of the governing body of friendship senior options foundation, nfp.”

“The explanation is the same as for part vi, line 6.”

“All board of director members receive an emailed version of the form 990 before it is filed. The finance committee reviews the form 990 before it is filed. Before the return is filed, a presentation is given to the full board of directors.”

“Every year, the board members and management team receive a conflict of interest policy. They have to sign an attachment stating that they received the policy and whether or not they are aware of any conflicts. On those occasions where issues arise, the conflict, the potential for conflict, or the perception of conflict is fully disclosed to the board prior to discussion on the matter calling for board action. Prior to such discussion, the board has determined whether the presence of or participation by the "conflicted" board member in the discussion will influence the discussion itself or its outcome. The "conflicted" member may or may not be excused from such discussion. In all instances, the "conflicted" board member abstains from any vote on the matter.”

“The annual executive compensation salary survey was conducted in april 2015 at the request of the fso executive committee (whose responsibility is executive compensation) and the fso president/ceo. The organization at the directive of the executive committee contracts with an independent, external compensation consultant to provide the salary survey data and to ensure we are in compliance with all irs rulings on executive compensation. We also maintain a plan document that is reviewed annually and updated as regulations of the plan construct changes. The executive committee has final approval for all salary and benefit adjustments for the executives. A salary survey was conducted on the fso president/ceo (under contract) and all executive positions in april 2015. Salary adjustments were approved by the executive committee and fso board of directors. The executives include: fso president/ceo, chief financial officer, vice-president of planning & marketing, vice-president of operations, vice-president of human resources and executive director at greenfields of geneva. The increases will be administered prior to the end of the 2015 calendar year and will be retroactive to july 2015. The executive incentive bonus payouts were approved by the executive committee in accordance with the executive incentive plan document and will be paid out prior to the end of the 2015 calendar year.”

“Financial statements are made available through the main desk upon request. The public is able to obtain copies of the annual report with summarized information, the governing documents, and the conflict of interest policy upon request.”

“Friendship senior options, nfp is the common paymaster for its own employees as well as those of its related organizations noted in schedule r. As such, friendship senior options has filed all appropriate tax returns and issued forms w-2 with respect to wages it has paid as common paymaster. Each related organization has reimbursed friendship senior options for its share of wages and tax payments.”

“The organization's finance committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”