Growth Horizons Inc

“Paul volosov and david volosov are father and son. They are directors of growth horizons. They are also officers of salisbury house, inc. Paul volosov, david volosov and other family members collectively own all of the stock of salisbury house, inc. Elizabeth davidson and joseph macdonald were employees of salisbury house, inc. During the year.”

“Management duties are contracted with salisbury house inc. Under a management services agreement.”

“A final copy of the form 990 for the fiscal year ended may 31, 2014 will be e-mailed to a committee assigned by the board of directors prior to submission of the form to the irs. Members will be asked to comment on the form.”

“The company has in place a conflict of interest and compliance policy. These policies are reviewed annually by the board of directors, the general counsel and the compliance committee. If the potential conflict involves a member of these three groups, they shall be recused from further discussion on that matter. The compliance committee is comprised of senior level employees form a wide range of areas in the company. If issues or areas of risk are identified, an investigator is assigned by the compliance committee. Once the investigation is completed, the report of findings is submitted to the compliance committee for any potential action. The board of directors receive a quarterly report (if there are issues) from the committee.”

“An outside consulting firm was hired to aid in the determination of compensation. This information, along with comparable compensation of other positions, was taken into consideration when determining executive compensation.”

“The organization makes its governing documents, conflict of interest policy and financial statements available upon request at their corporate office 25 hooks lane, ste 202, baltimore, md 21208.”

“David volosov works 36 hours per week for salisbury house, inc., a related organization.”

“Net assets transferred on termination -904,893.”