Fellowship Square Foundation Incorporated

“Dan Flavin is the Insuarnce Agent for Fellowship Square Foundation P&C business, Kriss Norris-Fellowship Square Foundation has business relationship with her employer (John Marshall Bank), John Kelly - shareholder, provides legal services to Fellowship Sqaure Foundation.”

“Fellowship square engaged in a management agreement with S.L. Nusbaum to provide management oversight for the organization. Note that S.L. Nusbaum also provides accounting and human resources oversight for Lake Anne I and II, the houses which are reported on this return along with Fellowship Square Foundation. L. Beckles is an employee of S.L. Nusbaum and the manager for the properties.”

“The corporation's members ("members") will consist of no fewer than thirty (30) and not more than seventy (70) persons, who shall be nominated and elected by the then existing corporate membership. All the fellowship square foundation board of director's members and all fellowship house board of Trustees members, of each fellowship housing unit, are automatically corporate members. Additional Persons committed to the purpose of FSF may be nominated by any corporate member and elected at the Annual members meeting or at a special members meeting called for the specific purpose. Members may be elected for renewable terms of three (3) years.”

“New members may be elected by the current corporate members.”

“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 matters associated with the arrangement or transaction involving such conflict.”

“When examining compensation for a new CEO, the board reviews compensation surveys to ensure officer compensation is within fair market value for the industry. Thereafter, the board reviews the CEO'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.”

“Part V Line 2a: Fellowship square foundation, as the common paymaster for the filing organization and affiliates, files all payroll information, such as w2s, and allocates salaries to the respective organizations' operations as appropriate.”

“Other transfer from related organization 906,747.”

“The process has not changed from prior year.”