Sunrise Community of Virginia Inc

“The sole member of the organization is sunrise 2000, inc.”

“The organization's sole member, sunrise 2000, inc., has the authority to elect members of the board of directors.”

“The organization's sole member, sunrise 2000, inc., has the authority to remove members of the board of directors.”

“At the direction of the board of directors, finance management conducts a comprehensive review of the form 990 and, thereafter, a complete copy is provided to the bod.”

“The organization's conflict of interest policy covers all employees, executives, trustees and board members. The president & ceo monitors and enforces compliance with the conflict of interest policy. Members of the board of directors must fully disclose to the board chair any contract, business arrangement, or direct financial interest in a business that contracts or transacts business with the organization. Members of the board of trustees, employees and committee members must make such disclosures to the president & ceo. The board chair (in matters involving the board of directors), or the president & ceo (in matters involving members of the board of trustees, employees, and committee members), may decide whether to allow continuing involvement in the discussion and decision process, and to what degree (i.e. Discussion only and the member must abstain from voting), before proceeding. The potential conflict of interest is recorded in the minutes or notes of the meeting.”

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

“"the sunrise group's cash management policies require all cash receipts to be transferred to the sunrise community, inc. General operating account (see note 1). Cash transfers back to the organization are only made to cover its required cash flow needs, creating a due from (to) sunrise community, inc. Since there is no intention to repay these related-party balances, any excess cash transfers are considered a permanent transfer of net assets at year end. During the years ended june 30, 2025 and 2024, the organization had net asset transfers to related parties amounting to approximately $459,000 and $1,049,000, respectively. Sunrise community, inc. Provides substantially all executive management, financial information systems, and human resources management functions to the other members of the sunrise group. Sunrise community, inc.charged management fees of approximately $549,000 and $410,000 for the years ended june 30, 2025 and 2024, respectively, for such services.”

“NET ASSETS TRANSFERRED TO RELATED PARTIES - -458805; Total - -458805;”