Wiseheart Foundation Inc

“Tom edwards, director and elaine edwards, secretary and director, are husband and wife.”

“The return preparer provided a copy of the final version of form 990 to the chief executive officer and to the board of directors for their review and approval before the return was filed.”

“Directors are required to update an annual conflict of interest statement as required by the adopted policy. The policy requires a board member to provide relevant information to the full board if the affected board member believes that a potential conflict has arisen with the potential conflict resolved by a vote of the full board exclusive of the member in question.”

“During the year covered under this 990, there are no leadership employees of the organization. The position of executive director is funded under contract with an outside stewardship firm. This contract was offered to and reviewed by the board of directors and agreed to, based on the best operational need of the foundation and comparable support for similar sized and comparable organizations. As part of the due diligence of the board, this arrangement can be changed by the board of directors at any time.”

“Wiseheart foundation, inc. Has available for public inspection all required documents in a separate binder marked "open for public inspection and will provide the information for review upon request.”

“Governing documents, policies and financial statements are retained by the organization and are available for public inspection upon request.”

“Compensation reflected in part vii related to the executive director was paid under a contract to a third party (see explanation in schedule o for part vi, section b, line 15a) for the executive director's compensation. This amount represents the payments to the third party stewardship firm and not payments reported by wiseheart on form w2 or form 1099.”

“Distribution of net assets held for coaching for literacy) -15,024.”

“The process has not changed from the previous year.”

“Other adjustments includes the transfer of the net assets held on behalf of coaching for literacy ("cfl") (ein: 46-3588150) as cfl obtained their tax exempt status in november 2014 and began operations as a separate charitable organization. Coaching for literacy has operated its programs autonomously from wiseheart foundation since november 2014 and maintains a separate independent board of directors. Cfl does lease certain office space from wiseheart based upon its usage and shares certain employees related to various administrative tasks. Cfl is not related to the foundation since the transfer of the assets.”