Rebuild Metro Inc

“By-laws, article iii, section 2 states "the annual meeting of the sole member of the corporation shall be held at such time and place as the member may determine, during which rebuild metro, inc. (rbmi), as the sole member, shall elect the board of directors of the corporation ("the board or "board of directors").”

“The organization has engaged an independent firm to prepare form 990 in accordance with our audited consolidated financial statements. The form 990 is then reviewed by management and rbmi's audit and finance committee which is a sub-committee of the full board with fiscal and fiduciary oversight. A copy of 990 is provided to the board before the filing.”

“A comprehensive conflict of interest questionnaire is distributed annually to all board and committee members. Upon receipt of the questionnaire, all board and committee members have 60 days to return the completed questionnaire to the organization's human resource department. The completed questionnaires are reviewed and monitored by the human resource department and any potential conflicts are communicated to the organization's management and board.”

“The executive committee of the board of directors determines the compensation of the organization's ceo through a variety of sources, including competitor data and surveys. Additionally, the organization has engaged the services of an independent consultant to provide an opinion on the resonableness of the compensation plan for the ceo and three top management officials using comparative data and survey data. The opinion letter for the ceo compensation is sent directly to the chairman of the board. The opinion letter for the three top management officials is sent directly to the ceo.”

“The organization makes its governing documents, conflict of interest statement, form(s) 1023, 990, and financial statements available for public inspection upon request.”

“Other adjustments 36,674.”

“The company did not change its oversight process from the previous year.”

“There is an adjustment to the begining of net assets that resulted in a decrease in the amount of $(36,674) due to intercompany elimination and timing difference.”

“*********************************************************************** election pursuant to section 168(h)(6)(f)(ii) may be made by an entity that is a tax-exempt controlled entity. Generally, an entity is a tax exempt controlled entity if it is a corporation which is not tax-exempt and if 50% or more of the stock of such corporation is owned by one or more tax exempt entities. An entity making the election pursuant to section 168(h)(6)(f)(ii) will not be treated as a tax-exempt entity for purposes of internal revenue code sections 168(h)(5) and 168(h)(6). Any gain recognized by a tax-exempt entity on any disposition of an interest in such entity (and any dividend or interest received or accrued by a tax-exempt entity from such tax-exempt controlled entity) will be treated as unrelated business taxable income. The purpose of this election is to treat rebuild metro-maple shade, inc.'s allocable share of depreciable property owned by the company in which rebuild metro-maple shade, inc. Has an investment as property which is not tax-exempt use property. Rebuild metro-maple shade, inc. Is entitled to make such election because it is a corporation or has elected to be treated for federal tax purposes as an association which is taxable as a corporation and is 100% owned by rebuild metro inc. Rebuild metro-maple shade, inc. Hereby elects pursuant to internal revenue code section 168(h)(6)(f)(ii) not to be treated as a tax-exempt entity for purposes of applying the rules in internal revenue code sections 168(h)(5) and 168(h)(6).”