Injured Marine Semper Fi Fund

“The form 990 is initially reviewed by the audit committee and senior management. After changes, if any, are made, the form 990 is then provided to the entire board of directors for review prior to being filed. The form 990 is filed once it is approved by the entire board.”

“The sf&af requires an annual statement from each board member disclosing all conflicts of interest. Periodic reviews of these annual statements are made by various members of the board.”

“The compensation of top management is reviewed and approved by the compensation committee. The compensation committee is made up of independent members of the board. The committee discusses comparable compensation in other organizations, reviews non-profit compensation surveys and keeps confidential records of the committee's deliberations.”

“Any person calling or e-mailing the organization is provided a copy of these documents.”

“The sf&af's governing documents, conflict of interest policy and financial statements are available upon request. The audited financial statements, form 990 and privacy policy are also available on the sf&af's website.”

“On march 31, 2021, the organization entered into an agreement (the "agreement") with vail veterans foundation, inc. (vvf). Under the agreement, the organization received $4.7 million in investments and cash from vvf and agreed to assume operations of vvf's five programs for three years, but did not acquire vvf's legal entity. All assets received from vvf were included in contributions in the fy 2021 form 990. As of june 30, 2021, the organization was in compliance with all terms of the agreement. Subsequent to june 30, 2021, the organization and vvf agreed it was in their respective best interests to rescind and cancel the agreement. A rescission agreement (the rescission) was entered into by both parties on october 21, 2021. Per the recission, the organization returned $4.8 million to vvf, consisting of the assets it received under the acquisition, plus earnings on the investments, less costs incurred by the organization under the acquisition. Per the rescission, the organization was released from all obligations it assumed in the acquisition and has no future financial obligations. The $4.8 million will be shown in its fiscal year 2022 form 990 in part xi, reconciliation of net assets, item 9 - other change in net assets or fund balances.”