Centerstone Foundation Inc.

“The sole stockholder of the organization is centerstone of indiana, inc., an ndiana nonprofit corporation.”

“The sole stockholder of the organization is centerstone of indiana, inc., an indiana nonprofit corporation.”

“The following decisions are to be ratified by the sole stockholder prior to action: formation or acquisition of legal entities by the corporation; amendment of the charter or bylaws of the corporation; approval, acceptance, amendment or termination of contracts of the corporation to provide services outside the historical lines of business or services engaged in by the corporation; and adoption and amendment of the statement of the mission of the corporation.”

“The process of reviewing the form 990 entails a detailed review of the form 990 by the organization's chief executive officer, chief financial officer, corporate controller, and the board of centerstone of america. The form 990 including requested schedules, as ultimately filed with the irs, are provided electronically to each voting member of the organization's governing body prior to filing.”

“The board has adopted a written conflict of interest policy. On an annual basis board members complete a board expectations letter in which the members affirm that they are aware of the conflict of interest policy and that they have reported any potential conflicts of interest. Further, the board has adopted a policy which requires board members to complete a conflict of interest acknowledgement and disclosure form on an annual basis. In addition, the chair inquires at the beginning of each meeting if board members have any new or potential conflicts of interest that have arisen since the previous board meeting necessitating disclosure. For employees, the company's code of conduct contains a written conflict of interest policy. Employees are required to certify on an annual basis that they have read and will abide by the conflict of interest policy. Further, senior executives of the company are required to complete a conflict of interest acknowledgement and disclosure form on an annual basis.”

“In june 2022 centerstone of america contracted with a third party consultant to conduct an assessment of the behavioral health marketplace ceo compensation and provide recommendations to the organization's board of directors in forming a compensation package for the ceo of centerstone of america, inc. As a result, the compensation package of centerstone of america's ceo has been updated in 2023 to reflect the current market rates. The ceo's compensation package is reviewed by the board of directors on an annual basis. Compensation for the ceos of the centerstone affiliated organizations is determined by the ceo of centerstone of america utilizing compensation surveys available from the industry's two major associations, and is subject to review by the centerstone of america board on an annual basis. Executive compensation packages were reviewed and adjusted to market as needed during the 2023 tax year.”

“The governing documents and conflict of interest policy are available for public inspection upon request. The financial statements however are not available for public inspection.”

“Forms 1099 and 1096 for centerstone foundation inc. Are filed under the ein of a sister organization (centerstone of tennessee, inc. Ein 62-1674308). For 2022, a total of 26 1099 forms were filed under centerstone of america. Of that total, 1 relates to a vendor of centerstone foundation.”

“Forms w-2, w-3, and all related payroll tax filings for centerstone foundation are filed under the ein of a sister organization (centerstone of america, inc. Ein 20-0072992). For 2022, a total of 5,165 forms were filed under centerstone of america. Of that total, 9 relate to employees of centerstone foundation.”

“Change in value of beneficial interest 104,199.”

“The centerstone of america board of directors assumes responsibility for oversight of the audit of the financial statements and no processes have changed from prior year.”