Franklin-Williamson Properties Inc

“The sole stockholder of the corporation shall be centerstone of illinois, inc., an illinois nonprofit corporation.”

“The sole stockholder shall be entitled to appoint at least one board director as specified in the bylaws of the coporation.”

“The following decisions are to be ratified by the sole stockholder prior to action: formation or acquisition of legal entities by the corporation; amendment of the charter or bylaws of the corporation; approval, acceptance, amendment or termination of contracts of the corporation to provide services outside the historical lines of business or services engaged in by the corporation; and adoption and amendment of the statement of the mission of the corporation.”

“The process of reviewing the form 990 entails a detailed review of the form 990 by the organization's chief executive officer, chief financial officer, corporate controller, and the centerstone of america's board of directors. The form 990, including requested schedules, as ultimately filed with the irs, are provided electronically to each voting member of the organization's governing body prior to filing.”

“The board has adopted a written conflict of interest policy. On an annual basis board members complete a board expectations letter in which the members affirm that they are aware of the conflict of interest policy and that they have reported any potential conflicts of interest. Further, the board has adopted a policy which requires board members to complete a conflict of interest acknowledgement and disclosure form on an annual basis. In addition, the chair inquires at the beginning of each meeting if board members have any new or potential conflicts of interest that have arisen since the previous board meeting necessitating disclosure. For employees, the company's code of conduct contains a written conflict of interest policy. Employees are required to certify on an annual basis that they have read and will abide by the conflict of interest policy. Further, senior executives of the company are required to complete a conflict of interest acknowledgement and disclosure form on an annual basis.”

“In 2021 centerstone of america contracted with a third party consultant to conduct an assessment of the behavioral health marketplace ceo compensation and provide recommendations to the organization's board of directors in forming a compensation package for the ceo of centerstone of america, inc. As a result, the compensation package of centerstone of america's ceo was updated in 2022 to reflect the current market rates. The ceo's compensation package is reviewed by the board of directors on an annual basis. Compensation for the ceos of the centerstone affiliated organizations is determined by the ceo of centerstone of america utlitizing compensation surveys available from the industry's two major associations, and is subject to review by the centerstone of america board on an annual basis. Executive compensation packages were reviewed and adjusted to market as needed during the 2020 tax year.”

“The organization's form 1023 and form 990 are available for public inspection upon request.”

“The governing documents and conflict of interest policy are available for public inspection upon request; however, the financial statements are not available for public inspection.”

“Franklin-williamson properties is part of with centerstone of illinois and centerstone of illinois is the sole corporate member of franklin-williamson properties. For the 2021 tax eyar ended june 30, 2021, centerstone of america and its affiliates earmed grpss revemie pf $295 million. Centerstone is a not-for-profit health system providing mental health and substance use disorder treatments. Services are available nationally through the operation of outpatient clinics, residential programs, the use of telehealth and an inpatient hospital. Centerstone also features specialized programs for the military community, therapeutic foster care, children's services and employee assistance programs. Centerstone's research institute provides guidance through research and technology, leveraging the best practices for use in all our communities. Centertone's foundation secures philanthropic resources to support the work and mission of delivering care that changes people's lives. Operating with approximately 3,800 employees, centerstone provides life-changing and lif-saving services to more than 140,000 individuals and families throughout the communities we serve.”

“ROUNDING 2.”