Science of Mind Foundation Inc.

“Board members Steve Burton and Reverend John Waterhouse are employees of Centers for Spiritual Living. Steve Burton receives compensation exclusively for his role as Executive Director of Centers for Spiritual Living and is not compensated for his role as a director of the Foundation. Reverend John Waterhouse receives compensation for his role as Field Leader of Centers for Spiritual Living and is not compensated for his role as a director of the Foundation.”

“Three of the nine board positions shall be standing seats held by the elected leaders of Centers for Spiritual Living ("CSL"). In addition, all nominees for the Foundation board that are not CSL seated directors must be approved by the Leadership Council of CSL (the governing board of CSL) prior to their election. The Board of Directors shall elect new directors from among those nominees approved by the Leadership Council.”

“None of the committees have the authority to "act on behalf of the board".”

“The Executive Director and the Treasurer review the Form 990. The Form 990 is made available to the full board for their review, prior to filing with the Internal Revenue Service.”

“The Foundation has a conflict of interest statement that is signed annually by board members, committee members, and officers acknowledging understanding of and compliance with the Conflict of Interest Policy as contained in the Foundation's Bylaws. The policy requires any director or officer or any member of a committee to disclose in writing to the Board any direct or indirect financial interest in a proposed financial transaction with the Foundation. The Board decides by a majority vote of disinterested directors whether the transaction or arrangement is in the Foundation's best interest, for its own benefit, and whether it is fair or reasonable and whether to proceed with the transaction or arrangement despite a conflict of interest.”

“The Executive Director's compensation is determined by the Foundation's Board. Half of the Executive Director's compensation and benefits are paid for by Centers for Spiritual Living.”

“The Foundation's governing documents and financial statements are available for public inspection upon request.”

“Registration Consultant: Program service expenses 0. Management and general expenses 10,219. Fundraising expenses 0. Total expenses 10,219. Foundation assistant: Program service expenses 0. Management and general expenses 6,624. Fundraising expenses 0. Total expenses 6,624. Audit and tax: Program service expenses 0. Management and general expenses 11,600. Fundraising expenses 0. Total expenses 11,600. Contract services: Program service expenses 0. Management and general expenses 1,792. Fundraising expenses 0. Total expenses 1,792.”

“The Board of Directors assumes responsibility for the audit and the selection of an independent audit firm. This process has not changed from the prior year.”