Crossway Community Inc.

“The organization's form 990 was prepared by the outside accountants and reviewed by senior management. The ceo and chair of the audit committee reviewed and approved the form 990 for submission. The final form 990 was sent to the board prior to filing the return.”

“Each officer, director, member of a board committee and staff annually signs a statement affirming that the individual: (a) has received a copy of the conflict of interest policy; (b) has read and understands the policy; and (c) has agreed to comply with the policy. If a conflict of interest matter is disclosed, the board meets with the board member or employee to resolve the issue or conflict. If it is established that the board member or employee had benefited financially from the transaction, the board member and/or employee is asked to reimburse crossway. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“Compensation for the ceo is discussed and approved by the board chair and members of the finance & audit committee. The review includes the use of comparable salary information. The written decision is forwarded to the ceo and the business office. Compensation for other officers and key management staff is discussed and approved by the ceo and the deputy director. Comparable salary information and performance reviews are used. Written decisions are forwarded to the business office. The last compensation review took place in september 2018.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Pandemic: on march 13, 2020, crossway followed governor larry hogan's mandate to close all public and private schools in the state of maryland due to the coronavirus pandemic by closing crossway montessori school. Within one week, crossway's montessori faculty planned and began implementing a virtual learning program for all children of enrolled families. The program was implemented daily, five days/week, until the last day of school on june 13, 2020. A number of families were impacted financially during this period. Many parents lost jobs and had difficulty completing their school-year (sy) contracts. Given the unprecedent financial hardship many families faced, crossway allowed the to withdraw their children based on financial hardship before their contracts expired in june, 2020, or in the case of prepaid tuition, to receive credit going forward toward summer or sy20-21 tuition. Crossway reopened its montessori program for summer on june 29, 2020, for seven weeks. The program was focused completely on an outdoor educational setting since it was the safest and healthiest environment for young children during the pandemic. Enrollment was significantly reduced since many parents were not comfortable sending their young children back to school. Regarding the intergenerational training center, crossway was forced to cancel a major conference that was to be held in early april, 2020. The customer, the bowen center for the study of the family, had anticipated at least 150 attendees for the two-day conference. Crossway was scheduled to provide guest housing for many out of town guests as well as providing food service. Crossway suspended all apartment move-ins during the pandemic since there was no safe way to have potential residents tour the facility or to maintain a consistent group by introducing new residents to the existing community.”

“On may 4, 2020, crossway received loan proceeds in the amount of $218,700 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Crossway intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Crossway intends to apply for forgiveness after completing the 24 week period. If forgiveness is granted, crossway will record revenue from debt extinguishment during the period that forgiveness was approved.”