Gracefull Foundation

“Heather greenwood, executive director/treasurer and troy greenwood, president have a family relationship and a business relationship through their co-ownership of gracefull cafe, inc.”

“The tax preparer reviews the form in detail with the treasurer and president who then approve the form prior to filing.”

“Each board member is required to acknowledge receipt and understnading of the foundations conflict of interest policy annually. The policy requires that the board be notified of any potential conflicts of interest as they occur. In all situations involving a potential conflict of interest, the party reporting the potential conflict is excluded from any subsequent board discussions and decisions related to the matter.”

“Financial statements and governing documents are not required disclosures pursuant to internal revenue code section (irc) section 6104 and are not available to the public at this time.”

“The amended return reflects the following changes:1)the return as orginally filed incorrectly reported the foundations program expenses for grace in action meals, other program events, and community breakfasts as cost of goods sold. The amended return reflects the proper reclassification of these expenses from part viii, line 10b to part ix, lines 24a and 24b. This change is also reflected on the following:- part i, lines 11 and 17- part iii, line 4a- part xi, lines 2 and 3 2)part iv, question 28c has been updated to correctly reflect that the foundation was a party to a transaction with gracefull cafe, an entity owned 50% by heather greenwood, executive director/treasurer and 50% by troy greenwood, president. Sch. L, part iv has been completed to report the foundations transactions with gracefull cafe.3)sch. A, part iii, lines 7a and 7b have been updated to correctly reflect the amount of support received from disqualified persons.”

“Form 990, part iii, line 1 - primary exempt purposeto provide a home in littleton, colorado where people of all backgrounds can gather,eat well and be inspired to give back. Gracefull foundation provides volunteer opportunities, guests the ability to eat a good meal paying-what-they-can including nothing, and ability for all to donate to the foundation to help pay for someone elses meal. Since opening, we have served over 29,215 grace in action(free) meals to those in need.”