Coordinated Child Care Properties Inc

“No review was or will be conducted.”

“Directions and key employees (as well as all employees) are required to disclose any interests that could give rise to conflicts of interest. There have been no instances of noncompliance. In the case where there may be a perception of conflict, the employee/director would be asked not to be involved in that activity.”

“The human resources department determines compensation ranges for all employees, including the organizations executive director and top management employees of the organization, using an annual review/evaluation process and an independent/external market study. The board determines and approves the executive directors salary. All discussions are documented in the board minutes.”

“The human resources department determines compensation ranges for all employees, including the organizations executive director and top management employees of the organization, using an annual review/evaluation process and an independent/external market study. The board determines and approves the executive directors salary. All discussions are documented in the board minutes.”

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

“On may 8, 2014, the organization and rclub child care, inc. (rclub), a not-for-profit organization that provides child care services in west central florida, entered into an asset purchase agreement. The closing date of the acquisition occurred at the end of the business day may 30, 2014, at which time rclub acquired substantially all of the assets used in connection with the operations of the organization and assumed substantially all liabilities of the organization. Prior to the acquisition the organization revalued all its assets at fair value and recorded an impairment loss of 1,609,358 in the consolidated statement of activities. The remaining net assets of the organization at may 30, 2014 were then recorded as a contribution to rclub at their fair value of 1,626,801 in the consolidated statement of activities. The components of assets acquired and liabilities assumed are as follows: cash and investments 94,066 accounts receivable 1,405,641 beneficial interest 120,000 land lease 86,000 property, plant, and equipment 1,444,427 other 23,450 ------------ total assets 3,173,584 accounts payable 949,136 accruals 31,459 debt 566,188 ------------ total liabilities 1,546,783 ------------ excess of assets over liabilities 1,626,801 ============”

“Contribution to r'club 1,269,784 impairment 1,553,273”

“The organization has an audit committee that is responsible for the oversight.”