Versability Resources Inc.

“The organization has members. Any individual, organization or business having an interest in the welfare of the people with developmental disabilities may become a member by completing a membership application and paying the annual dues. Membership is good for one year from date of dues payment.”

“The members in good standing have one vote at membership meetings.”

“The budget and finance committee reviews the audited financial statements each year. The statements are also presented to the committee by the auditors and the committee is provided an opportunity to ask questions. The form 990 is completed based on the information contained in the statements. The committee receives a copy of the completed 990 each year.”

“This policy is a part of versability's manual. It undergoes an annual review and re-certification, including instructions of notification if changes are made.”

“The executive committee reviews the ceo compensation annually for comparability and reasonableness and when deemed necessary, recommends the ceo compensation amount to the board, and the board then votes on approval. However, since versability did not have any compensation increases and there were no known major industry salary adjustments, it was determined prior year (2015) evaluation was deemed still appropriate for 2016.”

“The documents are all made available upon request.”

“Professional - other: program service expenses 36,842. Management and general expenses 53,346. Fundraising expenses 157. Total expenses 90,345. Professional - consultants: program service expenses 256,333. Management and general expenses 214,175. Fundraising expenses 0. Total expenses 470,508. Professional - subcontractors: program service expenses 9,268,482. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,268,482. Cna (sourceamerica) fees: program service expenses 822,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 822,138. Equipment-service contracts: program service expenses 49,059. Management and general expenses 22,729. Fundraising expenses 0. Total expenses 71,788.”

“The budget and finance committee also functions as the audit committee. Their process has not changed from the prior year.”

“Questions 7g and 7h do not apply to the organization because the organization did not have contributions of qualified intellectual property or contributions of cars, boats, airplanes or other vehicles during the year.”