Resources for Independence 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.”

“The finance committee conducts a comprehensive review of the form 990 before it is filed. A copy of the return, as ultimately filed, is provided to each voting member of the board of directors before it is filed with the irs.”

“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.”

“Consultants fees: program service expenses 497,677. Management and general expenses 14,585. Fundraising expenses 0. Total expenses 512,262. Medical and dental: program service expenses 49. Management and general expenses 1. Fundraising expenses 0. Total expenses 50.”

“Net assets transferred to related party -1,055,341.”

“Oversight of audit: the audit committee is responsible for the selection, monitoring and evaluation of an independent audit firm and oversight of the audit of its financial statements. There was no change in this process from prior year.”

“Net asset transfers to related parties: the sunrise group's cash management policies require all cash receipts to be transferred to the sunrise community, inc. General operating account. 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, 2017 and 2016, the organization had net asset transfers to related parties amounting to $1,055,341 and $958,442, respectively.”