Fellowship Square Foundation Incorporated

“Fellowship square engaged in a management agreement with s.l. Nusbaum as of april 1, 2017 to provide management oversight for the organization. Note that s.l. Nusbaum provides also accounting and human resources oversight for lake anne i and ii, the houses which are reported on this return along with fellowship square foundation. Louneta beckles, the organization's administrator, became an employee of s.l. Nusbaum as of april 1, 2017. Her salary as an employee for s.l. Nusbaum, while remaining at lake anne i and ii as admnistrator, was $115,126.”

“Fellowship square executive staff perform an initial review. Once approved, the finance committee reviews the draft and subsequently the whole board reviews and approves 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. Family and business relationships are expressly mentioned in the policy. 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.”

“When examining compensation for a new executive director, the board reviews compensation surveys to ensure officer compensation is within fair market value for the industry. Thereafter, the board reviews the executive director's performance and determines his or her 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.”

“Fellowship square foundation, as the common paymaster for the filing organization and affiliates, files all payroll information, such as w-2s, and allocates salaries to the respective organizations' operations as appropriate.”

“Consultant: program service expenses 178,816. Management and general expenses 0. Fundraising expenses 0. Total expenses 178,816. Contracts: program service expenses 248,069. Management and general expenses 0. Fundraising expenses 0. Total expenses 248,069.”

“Net asset transfer 1,148,013.”