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 understanding 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.”

“The compensation for heather greenwood as executive director was determined based on market research performed and presented to the board by an independent member. The amount of compensation was voted on and approved by the independent members of the board only.”

“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)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 41,977 grace in action(free) meals to those in need and an additional 13,768 free meals through our monthly community breakfast program and partnerships with other local non-profit organizations.”