Elwyn New Jersey

“Elwyn is the sole member of elwyn new jersey.”

“Elwyn, as the sole member, reserves, among others, the power to appoint the members of the board of directors of elwyn new jersey.”

“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 elwyn audit committee, prior to filing.”

“The elwyn board of directors 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.”

“An employment contract determines the compensation of elwyn's president. Elwyn's board of directors 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'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.”

“All governing documents, conflicts of interest policy, and financial statements are available upon request.”

“Mr. O'rourke was asked by the board of directors to assist the organization as a consultant to help facilitate the transition between ceo's from 12/8/2016 until 12/31/2017. The organization compensated him for this service as detailed on form 990, part vii, section a, line (5). Subsequent to the consulting engagement, mr. O'rourke rejoined the board of directors as chairman. Mr. O'rourke has received no compensation for his service as board chairman.”

“Day programs and supported employment services - 248 clients served in various settings, based on vocational screening and personal choice. Offerings include: 1) pre-vocational, career planning and supportive employment services, where clients are trained and prepared for employment with the goal of becoming employed in the community. Individuals requiring the service receive job coaching services in order to assist in job functions and maintaining their gainful employment. 2) senior enrichment, where indivduals choosing to retire and enjoy music therapy, art therapy and other community events. 3) adult training centers - serves individuals needing direct service assistance with activities of daily living and reinforcement of various other personal skills. 4) adapt - serves individuals with highly acute medical needs - the program utilizes progressive assistive devices in order to maximize level of functioning for each individual.”

“Elwyn and its subsidiaries restated its previously reported july 1, 2016 consolidated net assets and its previously reported consolidated financial statements as of and for the year ended june 30, 2017. The restatement of the consolidated financial statements followed an internal review of accounting practices and records which identified certain accounting errors in the calculation of depreciation, the expensing of certain long-term assets, the capitalization of certain period expenses, the recording of certain liabilities and related expenses, and revenue recognition. The impact of these errors resulted in an overstatement of july 1, 2016 consolidated net assets and an understatement of the 2017 consolidated changes in net assets. The effect of the restatements by financial statement line item is presented below. Assets property and equipment, net: $435,889 liabilities accounts payable and accrued expenses: $582,125 deferred revenue: -$807,188 total impact to net assets: $660,952”

“Change in additional minimum pension liability: $1,614,080 change in beneficial interest in elwyn foundation: -$35,681 total to form 990, part xi, line 9: $1,578,399”