Trf Enterprise Fund Inc.

“By-laws, article iii, section 3.1. States "except for the initial board of directors, which was constituted in the articles of incorporation, the board of directors shall be elected by the sole member". Article ii section 2.1. States "the sole member of this corporation shall be the reinvestment fund, also known as the delaware valley community reinvestment fund." the reinvestment fund, inc. Is a related 501(c)(3) organization )see form 990, schedule r, part ii) that collaborative lending initiative, inc. Supports (see form 990, schedule a, line 11).”

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

“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 reasonableness 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 it's governing documents, conflict of interest statement, form(s) 1023, 990 and financial statement available for public inspection upon request through its offices at 1700 market street, 19th floor, philadelphia, pa 19103. Governing document requests are evaluated and provided on a case by case basis. The organization's consolidated financial statements are also available on the reinvestment fund's website.”

“Form 990, part xii, line 2c: the process has not changed from the prior year.”