Fellowship Square Foundation Incorporated

“Fellowship square engaged in a management agreement with national lutheran communities & services as of january 1, 2014 to provide accounting, human resource and management oversight for the organization.”

“Internal management employees will perform an initial review, then the management company will look over the return. Once approved, the whole board will review and approve the 990 prior to the return being filed.”

“The organization's conflict of interest policy requires each director and/or officer to annually disclose his/her knowledge and understanding of the policy which includes the duty of the director and/or officer to disclose to the board of directors any actual or potential conflicts of interest. The board of directors (excluding any member who is party to the conflict) is responsible for reviewing the potential conflict and making the determination if an actual conflict of interest exists. Upon knowledge that a conflict was not properly disclosed to the board of directors, appropriate corrective and disciplinary actions shall be taken. Individuals party to any conflicts of interest shall be precluded from voting on any matteres associated with the arrangement or transaction involving such conflict.”

“The board reviews the executive director's performance and determines his compensation on an annual basis. The board also provides guidelines for compensation of other foundation employees. These discussions are documented in board minutes.”

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

“Contracts : program service expenses 389,805. Management and general expenses 0. Fundraising expenses 0. Total expenses 389,805. Consultant : program service expenses 0. Management and general expenses 79,151. Fundraising expenses 0. Total expenses 79,151.”

“Net assets- lake ridge -1,150,531.”

“During the fiscal year ending 6-30-15, one of the entities previously disregarded for purposes of filing requirements needed to be separately stated pursuant hud requirements. Lake ridge elderly developments, inc. Began reporting on its own on march 12, 2015. Its net assets of as march 12, 2015 were treated as a negative change to net assets. No activity ceased; the change was merely a reporting presentation change.”