Union & Fifth Inc

“Pamela tefler and cheryl hatton have a family relationship. Pamela trefler and christine green have a business relationship.”

“The form 990 was prepared by our external tax advisors, cbiz tofias, reviewed by the president and distributed to the board members for review prior to the filing.”

“Each director, principal officer and member of a committee with board-delegated powers shall annually sign a statement which affirms such person: - has received a copy of the conflicts of interest policy, - has read and understands the policy, - has agreed to comply with the policy, and - understands that the corporation is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure that the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: - whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. - whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the board or authorized committee thereof considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.”

“The board of directors use discretion and contemporaneous documentation in setting compensation and will consider all relevant industry factors, such as an employee's responsibilities and duties, their qualifications, how much time will be devoted to the position and whether the compensation is comparable to that paid by similar organizations of similar size with similar activities. The compensation is comparable to similar positions in other non-profit organizations and considerably less than what similarly situated persons would be paid in a for-profit organization.”

“The financial statements, governing documents and the conflict of interest policy are made available upon request. The form 990 is available through the massachusetts attorney general's division of public charities website and national data sources such as guidestar.”