Studer Community Institute Inc.

“The chairman will review the 990 prior to filing.”

“Interested persons must disclose the existence of a conflict of interest involving any transaction or arrangement entered into by the institute. The board of directors will evaluate the transaction and determine if a conflict exists. The institute conducts periodic reviews to determine whether transactions and arrangements 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.”

“Beginning in february 2017, the employees of studer community institute (sci) became employees of studer properties, llp. Sci leases the employees from studer properties for the actual cost of salary, benefits, and payroll taxes for these employees as 100% of their time is spent working for sci. The ceo is not compensated. A committee of the board consisting of the ceo, secretary, and treasurer approved staff salaries. A compensation study was used in this process.”

“The institute will make its governing documents, conflict of interest policy, and financial statements available upon request.”

“On july 31, 2020, the organization received a grant from the paycheck protection program in the amount of $96,164 to be used for payroll expenses, mortgage interest, commercial rent or utilities. Under guidance of the american institute of certified public accountants, the grant funds are to be recognized as income once all conditions of the grant are substantially met or explicitly waived. At december 31, 2020, the organization had substantially met all conditions of the grant and recorded the proceeds as grant income on the income statement.”

“Other contractual services: program service expenses 312,285. Management and general expenses 0. Fundraising expenses 0. Total expenses 312,285.”