Pearlstone Conference & Retreat Center Inc

“The pearlstone bylaws were updated to reflect the new entity, adamah, as of march 1. 2023. Summary of the changes include: 1. Updated name and purpose 2. Principal office 3. Updated board of directors. Adamah is composed of 10-25 directors 4. Updated officers: chair, vice chair, president, secretary, and treasurer 5. Updated committees: executive, governance, audit, finance, pearlstone, isabella freedman, and programs committees. 6. Conflict of interest policy requires full disclosure of any interest in contracts or transactions with the corporation.”

“A copy of the form 990 is reviewed by management prior to its filing with the irs.”

“A conflict of interest policy is circulated to all board members annually. Any board member who has a conflict of interest or relationship related to a key matter under discussion by the board is excluded from the voting process on such matters, and the disclosure is noted in the minutes.”

“The ceo's contract is reviewed by the executive committee of the board. In establishing the salary, the executive committee takes into consideration form 990s of other similar organizations and compensation surveys before preparing a written employment contract. A compensation study to benchmark other salaries was completed in late 2023.”

“Documents are available either on the organization's website or upon request during regular business hours.”

“The entity completed a merger on march 1, 2023. As part of the merger, the organization nearly doubled in size, changing the scope of program services. In particular, the merger added a second retreat center (isabella freedman, in ct) and a series of national programs focused on climate action. These programs are detailed in part iii line 4.”

“Consulting, honoraria, & professional fees: program service expenses 1,134,786. Management and general expenses 742,988. Fundraising expenses 97,499. Total expenses 1,975,273. Bank and credit card fees: program service expenses 119,678. Management and general expenses 33,755. Fundraising expenses 0. Total expenses 153,433.”

“Transfer of hazon, inc. Net assets 3,886,922.”