Franciscan Retreat Center

Supplemental Information

“FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION The Franciscan Retreat Center provides a quiet, reflective place of beauty for people of all faiths for retreats, conferences, meetings, workshops, seminars, select celebrations or just time away. Our staff strives to combine the beauty of our surroundings with comfortable, simple, clean facilities and nutritous food. The Charism of the Center is the Franciscan tradition of sharing, hospitality and joyful service. FORM 990, PART VI, SECTION A, LINE 6: The sole member of the corporation is the Sisters of Saint Francis of Colorado Springs, Inc. FORM 990, PART VI, SECTION A, LINE 7A: A nomination committee of the member nominates directors to the board. Names are submitted to the committee and, following evaluation, the committee will present respective names to the board of directors of the member for appointment to the board of Franciscan Retreat Center. FORM 990, PART VI, SECTION A, LINE 7B: The member has the reserved powers over actions taken by the board of directors including approval of the corporation's annual budget, appointment and removal of the members of the board of directors and officers, approval of the articles of incorporation and bylaws, approval of merger, consolidation, or dissolution of the corporation, approval of any change in the purpose, philosophy, or objectives of the corporation, approval of the sale, lease, etc. of any real or personal property of or by the corporation, approval of all amendments of the articles of incorporation or bylaws, and is entitled to designate what entity receives the corporate assets upon dissolution of the corporation. FORM 990, PART VI, SECTION B, LINE 11: A copy of the draft 990 is provided to the Board of Directors for approval before it is filed. FORM 990, PART VI, SECTION B, LINE 12C: All board members sign a "conflict of interest" form yearly. FORM 990, PART VI, SECTION B, LINE 15A: The CEO decides the compensation of the Executive Director and it is based on cost of living increases. This is done during the Executive Director's yearly evaluation. FORM 990, PART VI, SECTION C, LINE 19: The organization makes its governing documents, conflict of interest policy, and financial statements available upon request. FORM 990, PART VII, LINE 1A, COLUMN F: Joanne Moeller, Executive Director, has taken a vow of poverty. As such her compensation is not subject to W-2 reporting. Her compensation is remitted to the Franciscan Sisters of Perpetual Adoration.”