Meadowbrook Foundation Inc.

“The form 990 was prepared by the outside accountants. The draft 990 was emailed to board members with directions for review prior to filing. If changes are needed and made the return will be resent to the board prior to filing.”

“The conflict of interest policy applies to directors, officers, and employees; a close relative of a director, officer or employee, or a significant other or domestic partner of a director, officer or employee. To avoid a conflict, or even the appearance of a conflict, all employees, officers, directors or trustees disclose any potential conflicts to the general manager, and/or the board of directors and seek consent prior to entering into any potential conflicting relationships. It is the policy of meadowbrook foundation, inc., that the existence of any of the interests described in the policy be disclosed as soon as the conflict is recognized before any transaction is consummated. The board determines whether a conflict exists and in the case of an existing conflict whether the contemplated transaction may be authorized as fair and reasonable to meadowbrook foundation inc.”

“The board of directors reviews the general manager's compensation, usually annually, and decides the amount of an increase, if any, based upon the years activities and the foundation's finances. The last review took place december 2017. The general manager determines compensation for all other employees and reviews compensation annually. Increases are awarded based upon performance, longevity and the market.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“During the year, the organization implemented the kipp program. For additional information see part iii, line 4c.”

“Repairs and maintenance: program service expenses 35,952. Management and general expenses 140. Fundraising expenses 0. Total expenses 36,092. Bedding: program service expenses 31,860. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,860. Pasture: program service expenses 27,589. Management and general expenses 0. Fundraising expenses 0. Total expenses 27,589. Trash/manure removal: program service expenses 26,811. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,811. Auto and truck expense: program service expenses 23,377. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,377. Show groom: program service expenses 19,768. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,768. In-hourse horse show expense: program service expenses 12,358. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,358. Trailering: program service expenses 5,350. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,350. Blanket cleaning: program service expenses 5,161. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,161. Miscellaneous: program service expenses 3,479. Management and general expenses 652. Fundraising expenses 0. Total expenses 4,131. Dues and subscriptions: program service expenses 3,318. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,318. Summer camp expense: program service expenses 2,382. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,382. Security alarm: program service expenses 0. Management and general expenses 1,225. Fundraising expenses 0. Total expenses 1,225. Community program expense: program service expenses 1,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,010. Licenses and permits: program service expenses 519. Management and general expenses 0. Fundraising expenses 0. Total expenses 519. Taxes: program service expenses 0. Management and general expenses 100. Fundraising expenses 0. Total expenses 100.”