Concepts Plus Inc

“The organization entered into a plan and agreement of merger with its parent 501(c)(3) organization, frances house, inc., effective february 25, 2014. The agreement merged concepts plus, inc. And frances house, inc. Into a single corporation, with frances house, inc. Being the surviving corporation of the merger. Concepts plus, inc. And frances house, inc. Have always shared a common board of directors. See schedule n and the attached agreement of merger document for additional details.”

“During the tax year, the organization had four independent voting members of the governing body who are listed on form 990, part vii, section a. As of february 25, 2014, concepts plus, inc. Was dissolved upon merger into its parent 501(c)(3) organization, frances house, inc. Frances house, inc. And concepts plus, inc. Shared a common board of directors all of whom remained on the frances house, inc. Board of directors after the merger.”

“The organization receives support services from ltc support services, llc., an unrelated company. These services include oversight, training, regulatory compliance, quality assurance programs, human resource support, marketing and maintenance. Frances house, inc., (parent organization of concepts plus, inc.) owns 12.5% of ltc support services, llc., and residential alternatives of illinois, inc., (an organization related to concepts plus, inc., through common ownership) owns 12.5% of ltc support services, llc. The remaining 75% of ltc support services, llc, is owned by unrelated exempt organizations. The organization also has a negotiated arms length administrative services contract with rfms, inc., an unrelated company, to obtain services such as cash management, accounting and financial reporting, payroll and employee benefits, information technology, regulatory matters, and other general business and financial management services as required.”

“The organization was a subsidiary of frances house, inc. Until february 25, 2014, when concepts plus, inc. Merged into frances house, inc. Frances house, inc., was the member of the organization prior to the merger. Frances house, inc., elects the governing body on an annual basis.”

“Each member of the board of directors receives a paper copy of form 990 for their review and comment prior to its filing. The board also reviews in detail each form 990 filed by the organization at its regularly scheduled board meetings. On an annual basis, each board member attends a training session that provides updates on current exempt organization tax compliance matters.”

“All officers, directors and key employees are required to attest to their compliance with the conflict of interest policy on an annual basis. The board of directors reviews all completed conflict of interest statements to determine in any conflicts exist which would require restriction on participation in the governing body's deliberations and decisions in any transactions involving the organization.”

“A paper copy of form 990 is provided upon request. The organization's form 990 is also available via the guidestar.org website and through the attorney general's office of the state of illinois.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public except through public filing requirements.”

“Approximately one half of the average hours per week estimated for each director is devoted to related organizations listed on schedule r.”

“Ron wilson is employed by rfms, inc., an unrelated organization which has an administrative services contract with concepts plus, inc. The type of services provided by rfms, inc., are detailed in the schedule o explanation above relative to form 990, part vi, section a, line 3. Ron wilson is the chief financial officer of rfms, inc. His compensation reported on his rfms, inc. Form w-2, box 5 for calendar year 2013 is $173,862. Ron wilson's compensation amount and hours have not been prorated based on time spent for each of the nineteen organizations to whom services are provided by rfms, inc.”

“The balance sheet for concepts plus, inc. As of the end of the year is zero, since the organization was dissolved upon merger of all net assets into frances house, inc. Effective february 25, 2014. Frances house, inc. Was the 501(c)(3) parent organization of concepts plus, inc., and is the surviving corporation after the merger.”

“Assets merged into parent organization, frances house,inc (ein: 37-1087901) -7,154,599.”

“The process for oversight of the audit and selection of independent accountant has not changed from the prior year.”

“The financial statements of concepts plus, inc., were audited as part of the consolidated financial report issued for frances house, inc., and subsidiaries.”