Synthesis

“During the year, the organization was a member of commonworks. Commonworks provided accounting and management services which included accounting,consulting,financing,and human resources. The amounts paid by commonworks to the organization's current or former officers, directors and trustees for the calendar year 2014 (compensation and benefits for services provided to the organization)were as follows: alletta bode - executive director - 75,082”

“Due to the small size of the board, there are no separate committees.”

“A copy of the 990 is provided to and reviewed by the board of directors prior to filing.”

“Through the use of annual statements and periodic reviews.”

“Organization contracts with a management company to provide independent review of compensation.”

“Governing documents, conflict of interest policy and financial statements of the organization are made available to the public upon request.”

“On june 30, 2015, the organization was acquired by a 501(c)3 organization, whimspire, that also provides foster care services in colorado.”

“Additional fv of client service contracts 60,957 on june 30, 2015, synthesis was acquired by whimspire. The amount by which the fair value of client contracts exceeded their carrying book value on synthesis' books immediately prior to acquisition was 60,957. The primary reason for the acquisition was to streamline operations once both entities were combined. The fair value of assets acquired and liabilities assumed by whimspire consisted of the following on june 30, 2015: cash 13,092 accounts receivable, net 57,071 prepaid expenses 8,655 property and equipment 5,108 service contracts 88,827 accounts payable 42,423 accrued liabilities 5,330 due to commonworks 125,000”