24 7 Gateway LLC

“Prior to July 1, 2008, the organization, a single member limited liability company, had been consolidated in the financial statements of the United Way of Metropolitan Atlanta, Inc. (UWMA), as a single member. Up until that time, the entity was operated under a management agreement with AUM Community Ministries, LLC. In June of 2008, the IRS issued a determination letter confirming the organization's 501(c)(3) status. As of June 30, 2008, the management agreement with AUM was terminated and management and governance of the organization was placed in an independent newly created Board of Directors. The Board is charged with managing the business and affairs of the organization and has the power to appoint other directors and fill vacancies. The Board hires and supervises the officers of the organization including the executive director. The Board's decisions are not subject to approval by the sole member, but the sole member retains the power to remove or replace the Board and retains the power at law to approve any plan of dissolution, merger or disposition of all or substantially all of the assets and any amendments to the articles. No monetary consideration was exchanged in these transactions.”

“The process to review the Form 990 is detailed below: 1) Pre-990 meeting with external auditors and management. 2) Pre-990 meeting with Board, audit committee, management and external auditors to review process, answer questions. 3) External accountants prepare draft 990, requesting information from management as needed. 4) 1st 990 draft reviewed between internal management and external accountants. Corrections made where needed. 5) Final 990 draft presented to Board audit committee, executive director, and return preparer for review and action. 6) All directors receive a copy of the final 990 after filing.”

“Duty to Disclose: In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and must be given the opportunity to disclose all material facts to the Directors and members of committees with Board of Director delegated powers considering the proposed transaction or arrangement. Determining Whether a Conflict of Interest Exists: After disclosure of the financial interest and all material facts, and after any discussion with the interested person, such person shall leave the Board of Directors or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for Addressing the Conflict of Interest: 1) An interested person may make a presentation at the Board of Directors or committee meeting, but after the presentation, such person shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. 2) The chairperson of the Board of Directors or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. 3) Alter exercising due diligence, the Board of Directors or committee shall determine whether the Institute can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. 4) If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board of Directors or committee shall determine by a majority vote of the disinterested Directors whether the transaction or arrangement is in Gateway's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. Violations of the Conflicts of Interest Policy: 1) If the Board of Directors or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. 2) If, after hearing the member's response and after making further investigation as warranted by the circumstances, the Board of Directors or committee determines the member has failed to disclose an actual or possible conflict or interest, it shall take appropriate disciplinary and corrective action.”

“During Periodic Reviews the Board of Directors will determine whether compensation arrangements and benefits are reasonable, based on competent survey information, market conditions, and the result of arm's length bargaining.”

“The organization's governing documents are made available in the Executive Director's Office for review on site by the public.”

“WOMEN AND CHILDREN'S ASSESSMENT CENTER: Women and Children's Assessment Center and Stabilization Program (includes overflow) exists to assist single women and women with children stabilize emergency situations. At the Women and Children's Center (WACC) the client's immediate and short-term needs are evaluated in order to connect the client with appropriate community programs, resources and housing. A program coordinator, full-time case manager, part-time case manager, and client engagement specialists (CES) support this program. RESIDENT INTERNS/ASSISTANTS: The Resident Assistant And Resident Intern Program: The Resident Assistant And Resident Intern Program provides an opportunity for promising men who have become role models in their gateway communities to take on more responsibility. These men have the opportunity to mentor their fellow gateway residents on their journey to self-sufficiency, while also working closely with staff in areas tailored to their strengths. Their duties lead to specialization in different areas tailored to professional interests/aspirations in order to develop a particular skill set before leaving gateway center. Examples include working in the kitchen, exploring development, assisting with client services, etc.”

“The Gateway Center received donations over $75 partly as a contribution and partly in consideration for goods or services. The Gateway center failed to furnish a letter providing the amount considered a good or service. This was the second year the gateway center had a contribution that fit this criteria and was unaware of the reporting requirements. Going forward the gateway center will begin providing this information on these types of donations to contributors.”

“In addition to the ASC 740 Statement on Schedule D, Part XIV, the Board is not aware of any uncertain tax position.”