Cornerstones of Care Foundation

“Ozanam is the sole member of ozanam foundation. The board of directors is approved by ozanam, which also provides management oversight.”

“The board of directors is approved by ozanam.”

“Ozanam must approve the decisions of the board of directors.”

“The board of directors of the agency retains final responsibility for the preparation and review of the agency's annual information return (form 990) filed with the internal revenue service. The board delegates the responsibility for the preparation of the form to its accounting firm and the board, along with appropriate financial management, review the draft of the form 990 prior to filing.”

“At the time of hire, the ceo or his/her designee shall provide to employees a copy of the conflict of interest policy. In addition, on an annual recurring basis, the ceo or his/her designee shall provide to the corporate directors and all key employees (as identified on the irs form 990) applicable conflict of interest disclosure forms and questionnaires and related policy acknowledgements, which shall be completed to identify any relationships, positions, or circumstances related to any potential conficts of interest. The ceo will collect the completed forms and review with the board chair, chief business officer, and director of finance & accounting any related party transactions that were disclosed, to assess for presence of conflict of interests and, if so, appropriate steps to mitigate.”

“Our overall executive compensation strategy is to attract, retain and motivate highly qualified executives. The key executives for 2016 were comprised of the president and ceo, the chief operating officer, the chief business officer and the agency presidents. The principal objectives of our executive compensation are (1) attract and retain highly-qualified and talented individuals, and (2) motivate these individuals to achieve our short-term and long-term business objectives in alignment with our strategic plan. Cornerstones of care's board of directors oversees the compensation of the president and ceo. In addition, the board of directors consults with the president and ceo on the compensation for the other above named key executives. In 2014, the cornerstones of care board of directors reviewed competitive compensation data and approved the base salary and salary adjustment of the president and ceo. After consultation with the board of directors, the president and ceo determine appropriate compensation and salary increases for the other key executives. In may, 2014, the board of directors considered the competitiveness of salaries paid to our executives by reviewing comparative survey data obtained from the compensation consultant lockton. Lockton presented their findings to the board of directors along with recommendations for increases to key executives' salaries to move toward more competitive base pay. After review and discussion of this data, salary adjustments were determined for key executives.”

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

“Cornerstones of care assumes responsibility for oversight of the audit of the consolidated financial statements and the selection of an independent accountant.”

“Marillac foundation and spofford foundation, both 501(c)(3) organizations, merged into cornerstones of care foundation (previously ozanam foundation) effective january 1, 2017. All assets of these foundations were transferred resulting in the adjustment to the net assets. Marillac foundation - $63,144 spofford foundation - $3,162,814”