Systems Unlimited Inc.

“The 990 is provided to and then reviewed by the finance committee of the board prior to filing with the irs.”

“Each calendar year, each board member is required to disclose conflicts of interest and sign a disclosure statement.”

“The executive committee of the board determines the compensation of the executive director. A comparibility study was done before hire and looked at each year during the review. This was last reviewed in 2023.”

“Compensation studies and surveys are found. Provider organization does surveys each year which are used to evaluate current pay ranges. This was last done in 2020.”

“Governing documents, policies, and financial statements are available upon request.”

“Partnering with people who have disibilities and mental health needs to advance their personal independence, dignity and growth. Systems unlimited will set the standard for services that remove barrieres to independence and inspire the people we serve to achieve their personal success. Our core values are: we believe everyone is important, we act with integrity, we support the right to make choices, we value constant learning, and we embrace diversity.”

“New accounting pronouncement (restatement for asc 842) - in february 2016, fasb issued asu 2016-02 - leases (topic 842) which requires lessees to recognize leases on the balance sheet and disclose key information about leasing arrangements. The new standard requires a lessee to recognize a right-of-use (rou) asset and a lease liability on the balance sheet for all leases greater than 12 months. Leases will be classified as finance or operating. In july 2018, the fasb issued asu 2018-11, leases, targeted improvements, which provides entities with a transition method option to not restate comparative periods presented, but to recognize a cumulative- effect adjustment to the opening balance of retained earnings in the period of adoption. The organization adopted these lease accounting standards effective july 1, 2022, and utilized the modified retrospective transition method with no adjustments to comparative periods presented.the organization has elected to carry forward historical lease classification, to not reassess prior conclusions related to initial direct costs, and to not reassess whether any expired or existing contracts are or contain leases. The organizations adoption of asu 2016-02 resulted in the recognition of operating lease liabilities of 2,230,495 and rou assets of 2,131,914 for its operating leases based on the remaining present value of the minimum lease payments as of july 1, 2022. The cumulative effect of the change in accounting principal is reported as a 98,581 decrease in retained earnings at july 1, 2022.”