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 accepted by the audit committee of the elwyn foundation. Prior to filing, the 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 the elwyn foundation, the parent organization, 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 july 1, 2022, and june 30, 2025. Annually, elwyn of pennsyvlania and delaware's president determines the compensation paid to other senior executives based on information from an independent consultant. The compensation information for these employees was distributed to the compensation and executive committees of the board of directors for their review and approval.”

“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 nonprofit 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 nonprofit corporation, and elwyn california, a california nonprofit corporation. Elwyn of pennsylvania and deleware is the sole member of one operating subsidiary and various non-operating subsidiaries. The operating subsidiary consists of fellowship health resources ("fhr"), a rhode island 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 idd services, adult behavioral health and children's services. The idd services programs provide residential and work & day services for individuals with intellectual and developmental disabilities. The adult behavioral health 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 $1,114,000 have been reduced by $30,525 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 $13,019,399 other changes in fair value $33,681 -------------- total $13,053,080”