The Elwyn Foundation

“The form 990 is internally prepared and sent to our external public accounting firm for review and compilation. The completed return is then sent back to the organization and is reviewed and approved by the audit committee of the elwyn foundation. Prior to filing, the approved form 990 is sent to the full board of directors of the elwyn foundation.”

“The board of directors of the elwyn foundation reviews the conflict of interest policy on a periodic basis. Board members complete conflict of interest forms on an annual basis. The completed forms are maintained by the assistant secretary of the board.”

“The elwyn foundation has no employees. An employment contract determines the compensation of elwyn's president. The board of directors of elywn of pennsylvania and delaware, the parent organization at the time, approved the president's employment contract after thorough consultation with compensation professionals and review of compensation paid by comparable nonprofit organizations. The current contract covers compensation between march 1, 2017, and june 30, 2022. Annually, elwyn of pennsyvlania and delaware's president determines the compensation paid to other senior executives. The compensation information for these employees is distributed to the executive committee of the board of directors for informational purposes only.”

“The consolidated financial statements of the elwyn foundation and subsidiaries are available through public sources as a result of the tax-exempt bond financing. The organization does not make its governing documents and conflict of interest policy available to the public.”

“The Elwyn Foundation is a Pennsylvania non-profit corporation and the sole member of the following operating subsidiaries: Elwyn of Pennsylvania and Delaware (formerly known as "Elwyn"), a Pennsylvania nonprofit corporation, Elwyn New Jersey, A New Jersey Non-Profit Corporation, and Elwyn California, a California nonprofit corporation. Elwyn of Pennsylvania and Delaware is the sole member of two operating subsidiaries and various non-operating subsidiaries. The operating subsidiaries include Fellowship Health Resources ("FHR"), a Rhode Island nonprofit corporation and Family Support Services, a Pennsylvania nonprofit corporation. FHR is the sole member of two nonprofit realty corporations - Fellowship Realty Corp and Fellowship Realty Corp of Massachusetts. THE ELWYN FOUNDATION AND ITS OPERATING ENTITIES SUPPORT INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES, AUTISM AND BEHAVIORAL HEALTH CHALLENGES THROUGH PROGRAMS OPERATING IN MULTIPLE GEOGRAPHIC REGIONS THROUGHOUT THE UNITED STATES. THE ORGANIZATION has THREE PRIMARY SERVICE lines, WHICH ARE SUPPORTS FOR LIVING, ADULT SERVICES AND CHILDREN'S SERVICES. THE SUPPORTS FOR living programs provide RESIDENTIAL AND WORK & DAY SERVICES FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. THE ADULT SERVICES programs offer COMMUNITY AND RESIDENTIAL SERVICES FOR INDIVIDUALS with MENTAL ILLNESS. THE CHILDREN'S SERVICES AREA CONSISTS PRIMARILY OF EARLY LEARNING SERVICES FOR CHILDREN AGES THREE TO FIVE, EDUCATION SERVICES FOR STUDENTS WITH SPECIAL NEEDS, AND BOTH COMMUNITY AND RESIDENTIAL SERVICES FOR CHILDREN AND ADOLESCENTS WITH SOCIAL, EMOTIONAL AND BEHAVIORAL CHALLENGES.”

“Fundraising costs from Elwyn of Pennsylvania and Delaware, in the amount of $739,000 have been reduced by $15,849 on Line 24a of the Statement of Functional Expenses to account for direct expenses related to fundraising events. These direct expenses related to fundraising events held during the current fiscal year are included on Line 8b of the Statement of Revenue.”

“EQUITY TRANSFER FROM RELATED ENTITIES $18,460,837 CHANGE IN VALUE OF CHARITABLE GIFT ANNUITY $ 5,429 -------------- TOTAL $18,466,266 -------------- The equity transfer from related entities represents a permanent transfer of endowment assets and other investments, including repayments on loans from the board-designated quasi endowment, from Elwyn of Pennsylvania and Delaware and Elwyn New Jersey to the Elwyn Foundation.”