Thackery Foundation for Senior Living

“FORM 990, Part VI, Section A, Line 2 The following board members maintain a business relationship with each other DUE TO COMMON PARTICIPATION AS OFFICERS OR DIRECTORS OF VARIOUS OTHER RELATED NOT-FOR-PROFIT ENTITIES BY WHICH ONE OR MORE OF THE INDIVIDUALS IS COMPENSATED: Charles B. Brewer C. Scott Sykes Bernie Francis Joe Anderson”

“FORM 990, PART VI, SECTION A, LINE 8(B) Line 8b is ANSWERED NO because there are no committees in place with authority to act on behalf of the governing body at this time.”

“FORM 990, PART VI, SECTION B, LINE 11 The Board Members of SQLC CHARITABLE FOUNDATION review the Form 990 upon completion. The board review and approval of the Form 990 is COMPLETED prior to filing.”

“FORM 990, PART VI, SECTION C, LINE 19 Documents are available to the public upon request.”

“FORM 990, PART VI, SECTION A, LINES 6, 7(A) AND 7(B) UNDER THE ARTICLES OF INCORPORATION, SQLC CHARITABLE FOUNDATION HAS NO CORPORATE MEMBERS. HOWEVER, SENIOR QUALITY LIFESTYLES CORPORATION (SQLC) HAS THE AUTHORITY TO APPOINT THE GOVERNING BOARD OF THE FOUNDATION AND TO APPROVE SIGNIFICANT DECISIONS OF THE GOVERNING BOARD AND IS ENTITLED TO THE ASSETS OF THE FOUNDATION UPON DISSOLUTION. ACCORDINGLY, SQLC IS CONSIDERED A MEMBER FOR THE PURPOSES OF FORM 990, PART VI. SQLC, as the sole member of the organization, has all of the typical rights afforded to a member of a Texas nonprofit corporation, such as the right to approve any amendments to the articles of incorporation or bylaws, and the right to approve any proposed dissolution of the organization.”

“Form 990, part vi, lines 15(a) & 15(b) lines 15(a) and 15(b) are marked no because the organization does not have nor compensate any employees. Current officer and director salaries are paid through related organizations and those organizations have their own processes for establishing reasonable compensation.”

“FORM 990, PART VI, SECTION B, LINE 12(C) Annually the conflict of interest policy is reviewed during a board meeting, in addition to having the necessary individuals sign the disclosure statement on an annual basis. It is the expectation that management staff in addition to the Management Company will bring any questionable activity to the attention of the board or AN officer.”