Carrington Charitable Foundation

“The Foundation has no employees, only volunteer directors and officers who are associated with, or employees of, one of 16 companies in the combined "Carrington Family of Companies". As such, each volunteer is governed by conflict of interest policies, ethicial/professional standards, and accountability, included being bonded, under their employment terms with a Carrington "for-profit" company. The Executive VP of Human Resources for all Carrington companies serves as a volunteer officer for the CCF Foundation, in part to assure all involved, including the CCF Directors that the same high professional standards employed in the for-profit companies are applied when volunteering for CCF activities and governance. That would include all matters of potential conflicts, disclosure, due diligence, document retention and accessability as well as an ability to report any deviation from those policies. With no employees, CCF does not have it's own policies, rather it monitors this type of professional conduct via the regular employment channels within the Carrington Family of Companies.”

“The organization's financial statement are available on its website and also made available upon request. The organization does not make its governing documents or conflict of interest policy public.”

“CCF is a 100% volunteer managed and operated organization. All volunteers perform services for CCF on their own personal time, and without any compensation, expense allowance or privilege, monetary or otherwise, other than the opportunity to be involved in CCF and the community it serves. CCF itself has no employees and almost no overhead other than that donated by the Carrington Family of Companies and shown in the audited financial statements pursuant the GAAP requirements of ASC958. The greater Carrington Family of Companies also generally supports the misc. office supplies and administrative needs of the foundation. The Audited Financial statements show that the sum total of the volunteer time and the supported expenses and use of facilities donated via the Carrington companies was $360,691 and $448,874 in 2020 and 2019 respectively.”

“CONTRIBUTED SERVICES: CCF, Inc. receives services from over 400 volunteers and the use of facilities from virtually all of the companies comprising the "Carrington Family of Companies" as described elsewhere herein. As disclosed in the audited financial statements, those services, totaling $360,691 are "grossed up" on the audited financial statement showing the amount contributed both as a Donation in Kind, and as an expense of operating the foundation. Neither the donated services or their parallel expense are required for tax reporting purposes, thus the income and the expense in the same amount are netted out and not reported in all years since inception. The audited financial statements included an amount of $41,960 related to Uncollected pledge receivables from prior years.”

“Description:veteran home construction exp total expenses:1238270 program services:1238270”