Translifeline

“Greta Gustava Martela and Nina Chaubal have a family relationship.”

“On or around January 21st, 2018, TransLifeline discovered unauthorized purchases made by two officers of the organization spanning the 2017 and 2018 fiscal years. In response, TransLifeline removed these officers access to the organization's bank accounts and assets, placing them on suspension while the organization conducted an initial investigation. The findings of this investigation resulted in the termination of the officers employment and marked the starting point of the asset recovery process, for which the organization retained legal counsel, the services of an independent bookkeeper, and the services of an independent accounting firm. In addition to the amount declared as an excess benefit transaction on the organization's 2017 990, the organization believes that the officers made unauthorized purchases totaling $58,102 during the 2018 fiscal year.While the organization was able to recover a portion of the organization's assets from the terminated officers, it was unable to recover the full amount of assets and diverted funds without full cooperation from the terminated officers. On June 28, 2018, the organization and the terminated officers entered a mediation where the terminated officers agreed to return the diverted funds over a period of time not to exceed ten years. It is the organization's assessment that the terminated officers are financially unable to immediately return the diverted funds. The organization believes that its best chance at recovering these funds will be to enforce the agreement to recoup the diverted funds over the next ten years. However, if the repayment agreement is not honored, the organization is prepared to pursue all appropriate legal actions in order to recover the diverted funds.”

“An independent CPA will complete the annual Federal Form 990, California form 199, and California form RRF-1. A copy of the return will be provided to the board for review before approval.”

“The HR manager ensures that all staff have read and signed the most up to date conflict of interest policy.”

“Upon written or verbal request.”

“An adjustment to prior period net assets of $11,159 was made to reflect an increase in donations receivable at the end of the year.”