Sunrise Community of Northeast

“The sole member of the organization is sunrise community services, inc.”

“The organization's sole member, sunrise community services, inc., has the authority to elect members of the board of directors.”

“At a meeting of members called expressly for that purpose, any director or the entire board of directors may be removed, with or without cause, by a vote of a majority of the members then entitled to vote at an election of directors.”

“At the direction of the board of directors, finance management conducts a comprehensive review of the form 990 and, thereafter, a complete copy is provided to the bod.”

“The organization's conflict of interest policy covers all employees, executives, trustees and board members. The president & ceo monitors and enforces compliance with the conflict of interest policy. Members of the board of directors must fully disclose to the board chair any contract, business arrangement, or direct financial interest in a business that contracts or transacts business with the organization. Members of the board of trustees, employees and committee members must make such disclosures to the president & ceo. The board chair (in matters involving the board of directors), or the president & ceo (in matters involving members of the board of trustees, employees, and committee members), may decide whether to allow continuing involvement in the discussion and decision process, and to what degree (i.e. Discussion only and the member must abstain from voting), before proceeding. The person with the conflict completes a form that is reviewed by the chair/ceo and may be further reviewed by the governance committee, if warranted.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“The sunrise group's cash management policies require all cash receipts to be transferred to the sunrise community, inc. General operating account. Cash transfers back to the organization are only made to cover its required cash flow needs, creating a due (to)/from sunrise community, inc. Since there is no intention to repay these related-party balances, any excess cash transfers are considered a permanent transfer of net assets at year-end. During the years ended june 30, 2025 and 2024, the organization transferred net assets from (to) entities in the sunrise group amounting to $(391,844) and $(597,085), respectively.”

“CHANGE IN BENEFICIAL INTEREST IN CHARITABLE TRUST - 41861; NET ASSETS TRANSFERRED TO RELATED PARTIES - -391844; Total - -349983;”

“Oversight of audit and selection of independent accountant: the audit committee is responsible for the selection, monitoring and evaluation of an independent audit firm and oversight of the audit of its financial statements.”