Farm Sanctuary Inc.

“WE DO NOT TAKE MINUTES AT All COMMITTEE MEETINGS. HOWEVER, COMMITTEES REPORT THEIR ACTIVITIES AT BOARD MEETINGS AND ANY ACTIONS RECOMMENDED BY COMMITTEES ARE BROUGHT TO THE FULL BOARD FOR A VOTE.”

“Copies of form 990 are distributed to the full board for review prior to filing.”

“The executive director, as well as each department head and each director on the board of directors, shall annually sign a statement affirming that such covered person: (i) has received a copy of the conflict of interest policy, (ii) has read and understood such policy and (iii) has agreed to comply with the rules and procedures of the policy. Each employee, at the start of employment, shall sign a statement affirming that such covered person: (i) has received a copy of the conflict of interest policy, (ii) has read and understood such policy and (iii) has agreed to comply with the rules and procedures of the policy.”

“The executive director total compensation package including salary, incentive compensation, and all benefits, including any fringe benefits, shall be set upon the executive director initial hire and determined annually thereafter. In setting the executive director compensation, the board will require that the executive committee of the board take the following steps: 1. The committee will obtain research and information to make a recommendation to the full board for the total compensation package to be made to the executive director. The committee should consider the following information in preparing its recommendation to the full board: a. Any relevant compensation studies conducted by independent sources, particularly studies regarding non-profit organization executive compensation programs. If no studies are available, the committee may, in its sole discretion, commission such a study should the committee determine that such a study would be useful to the committee. B. Information concerning executive compensation of other non-profit organizations that may be obtained from the irs form 990 filings of organiations (or other sources) of either (i) similar asset and/or annual revenue size to the corporation, or (ii) similar mission, programs or services that are provided by the corporation. The committee should consider at least 10 such other organizations. C. The committee should evaluate any individual factors that impact compensation reommendations, including for instance, the geographic location where the executive director will work or works and the executive director total compensation package history and/or concurrent offer. D. For annual reviews of the executive director total compensation package, the committee should evaluate the executive director annual performance vis-a-vis goals set by the board for both the organization as a whole and the individual goals set for the executive director. E. Other factors that the committee may deem to be relevant to its recommendation, as long as such factors are reasonable and explained in detail to the board. 2. Upon review of the above-noted factors, the committee shall vote on a proposed total compensation package and, once a majority of the committee has agreed on such a package, the chair of the committee shall prepare a written report to the full board, which shall be presented at the next board meeting for approval. In addition to explaining the basis for its recommendation, the committee report shall provide the following information: a. Copies of any relevant compensation studies relied upon or reviewed by the committee. The report should identify why each such study was reviewed and/or relied upon. B. Copies of the 990s (or other relevant documentation) of the executive compensation packages offered by comparable organization is relied upon or reviewed by the committee. The committee report should also identify the names of the organizations whose executive compensation packages were reviewed and the reasons why each such organization was selected as a comparable. C. Copies of the performance evaluation conducted by the committee of the executive director performance. The report should explain the impact the evaluation had on the compensation recommendation (positive or negative), including the particular goal(s) met or not met that impacted the recommendation. D. For any individual factors evaluated (and other factors as identified in section 1.e. Above), the report must include a detailed discussion of why and how the factor was evaluated, and provide any documentation relied upon in connection with the consideration of such factor. 3. The board will then vote on the proposed recommendation on the board meeting following the completion of the committee recommendation. Once a majority of the board members then present at such meeting has made a decision concerning the executive director total compensation package, the board must document how it reached its decisions,”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. The financial statements are available on the organization's website.”

“Technology and communications: Program service expenses 267,301. Management and general expenses 46,176. Fundraising expenses 83,418. Total expenses 396,895. Travel and Meals: Program service expenses 191,068. Management and general expenses 23,525. Fundraising expenses 29,504. Total expenses 244,097. WORKERS' COMPENSATION INSURANCE: Program service expenses 204,414. Management and general expenses 6,658. Fundraising expenses 3,842. Total expenses 214,914. REPAIRS AND MAINTENANCE: Program service expenses 191,469. Management and general expenses 11,234. Fundraising expenses 2,302. Total expenses 205,005. BANK AND CREDIT CARD FEES: Program service expenses 0. Management and general expenses 193,846. Fundraising expenses 0. Total expenses 193,846. EQUIPMENT AND SUPPLIES: Program service expenses 149,081. Management and general expenses 9,986. Fundraising expenses 14,808. Total expenses 173,875. TAXES AND LICENSES: Program service expenses 58,626. Management and general expenses 12,036. Fundraising expenses 6,516. Total expenses 77,178. Visitor programs and events: Program service expenses 75,941. Management and general expenses 0. Fundraising expenses 0. Total expenses 75,941. Employee Recruiting, retention, training: Program service expenses 16,406. Management and general expenses 2,399. Fundraising expenses 2,593. Total expenses 21,398. MISCELLANEOUS: Program service expenses 4,960. Management and general expenses 2,157. Fundraising expenses 6,001. Total expenses 13,118. Dues and Subscriptions: Program service expenses 4,759. Management and general expenses 2,982. Fundraising expenses 447. Total expenses 8,188.”

“Impairment loss on properties held for sale -923,422.”

“The process for audit oversight and auditor selection has not changed from the prior year.”