Safe Haven School Inc.

“During the fiscal year, the Safe Haven School had no formal board committees.”

“The Form 990 was reviewed by the Executive Director and provided to the entire Board prior to filing.”

“Governing documents and financial statements are provided up request.”

“On May 5, 2020, the School received loan proceeds in the amount of approximately $269,500 under the Paycheck Protection Program ("PPP"). The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. The School has used the proceeds for purposes consistent with the PPP and elected to follow ASC 958-605 and record the loan as a refundable advance where once forgiveness conditions are substantially met or explicitly waived, the entity would reduce the refundable advance and record a contribution for the amount forgiven.”

“Due to COVID-19, Safe Haven School (the School) changed the way they interact with students and provide educational services. Since March 2020 the School currently provides remote learning to students, and have also prepared for blended learning (both remote and in-person) in anticipation of changes. The School has updated policies and procedures, teaching styles, resources, and curriculum to accomodate the changes. All services have been reviewed and provided as prescribed in the IEP. All therapies are provided through phone calls, video conferences, or in person with social distancing. The building had to be prepared for in-person learning as well. There have been many purchases made to provide effective remote and blended learning. The purchases include video conferencing equipment as well as a vehicle to provide remote learning and in-person therapy sessions.”

“There were no changes to the processes during the year.”