Paraquad Inc.

“The form 990 is prepared by an independent accounting firm. A member of the finance committee reviews and approves the form 990. A copy of the 990 is then provided to each board member prior to filing the form with the irs.”

“The organization requires each board member and employee to read and re-sign the conflict of interest policy agreement every year. If a conflict exists, the board member or employee is recused from the discussion and decisions related to the conflict.”

“The ceo's compensation package is reviewed by the executive committee, which includes a comparision of total compensation paid to ceo's of similar organizations. The compensation of other officers and key employees is based on the annual performance appraisal and is confirmed by the executive committee.”

“The articles of incorporation, by-laws, conflict of interest policy and financial statements are available upon request.”

“In keeping with our mission to not provide services that are adequately provided via other organizations, and in response to reductions in the state of missouri reimbursement rate, paraquad eliminated its in-home services division on september 20, 2014.”

“In prior years, the revenues for the consumer directed services program, were shown net of expenses. In 2014 the audited financial statements began presenting revenues and expenses separately. As the expenses are shown separately, program expenses have increased substantially over prior years. The net income for the organization is not affected by the change in presentation.”

“Paraquad is related to paraquad 5240, inc. Paraquad 5240, inc. Was formed by the board of directors of paraquad, inc. (and thereby is under the control of paraquad, inc.) to purchase the building in which paraquad houses its organization and conducts its day-to-day activities. The purpose of paraquad 5240, inc. Is to own the building and to support paraquad, inc. With any net property income. Certain assets of paraquad, inc. Are pledged as collateral on the bonds, and paraquad, inc. Is an overall guarantor of the bonds. On an annual basis, paraquad, inc. Leases office space from paraquad 5240, inc. The total amount of such payments for fiscal year 2014 amounted to $474,949.”