Oklahoma City Educare Inc

“Transfer of net assets -7,175,600 effective july 1, 2014, the net assets of oklahoma city educare, inc. Were transferred to sunbeam family services, inc. The transfer included a pledge receivable in the amount of 583,000, the oklahoma city educare, inc. Property at a carrying cost of 7,779,268, and a promissory note payable in the amount of 1,186,668. Prior to the transfer, sunbeam family services, inc. Entered into a memorandum of understanding with oklahoma city educare, inc.("educare") stating that educare would amend and restate their bylaws so that sunbeam would be its sole member. Sunbeam would be entitled to exercise reserved powers including the right to elect directors of oklahoma city educare, inc. Sunbeam had been a managing the educare program, in conjunction with other sunbeam's other early childhood programs, since the inception of educare.”

“Pledges receivable 583,000 0 178,893 0 less accumulated depreciation 125,141 0 total 636,752 0”

“Accounts payable and accrued expenses 2,525 0 inasmuch foundation promissory note 1,186,668 0”

“The mission of oklahoma city educare (okc educare) is to provide quality early childhood services that change lives and communities. With a high- quality staff and bountiful resources, okc educare strives to provide comprehensive services to eligible families that promote growth and development in young children, encourage self-sufficiency, and foster collaboration with community partners to meet the needs of diverse families. Okc educare has a capacity for 212 at-risk children and their families in a learning environment that supports and promotes advancement toward school readiness. These 212 children, ages birth to five, and their families receive year-round educational programs and family support, with a special emphasis on social/emotional and academic development. The okc educare model aims to level the academic playing field for these children and their families and improve their chances of becoming healthy, productive adult members of society. Okc educare and its programs are made possible by support from community action agency of oklahoma and canadian counties head start, oklahoma city public schools, sunbeam family services, oklahoma early childhood programs, united way of central oklahoma, inasmuch foundation, and other community contributions.”

“See schedule o, previous section, for explanation.”