Community Futures Foundation and Subsidiaries

“Payroll preparation duties have been outsourced to paychex.”

“The agency's draft form 990 and underlying financial statements were presented to the agency's finance committee for review and approval on september 18, 2015. Upon approval, the draft form 990 and underlying financial statements were electronically distributed to the agency's board of directors for review and comment approximately 7 days prior to filing.”

“The board of directors, all of whom are independent of the agency, monitors and enforces all known or suspected conflicts of interest through annual disclosures by all board members and discussion/evaluation of all reported or suspected conflicts of interest (exclusive of participation and attendance of the conflicted board member). During the fiscal year, the agency purchased insurance products from rcm&d, an insurance agency that employs the board president. Expense associated with coverage placed by rcm&d during the fiscal year was approximately 12,000. The board president does not receive any compensation in any regard related to transactions between the agency and rcm&d. During the fiscal year, the agency utilized the services of mass mutual as custodian for its 403b retirement plan. A former member of the agency's board is an independent agent representing mass mutual and, prior to 2014, was the agent of record for the plan. Employee and employer contributions remitted to mass mutual during the fiscal year amounted to approximately 12,000. Commissions earned by the former board member were de minimis. The board of directors have evaluated these reported conflicts of interest and have concluded that the terms of the arrangements with rcm&d and mass mutual are at or below fair market value. In accordance with best practices in the brain injury rehabilitation arena and pursuant to recommendations by the agency's accrediting body, the agency's board of directors includes family representatives of members participating in the agency's programs. The board of directors have evaluated the services received by these members and have concluded that such services were not preferential in any manner. These discussions and evaluations are documented in the agency's board minutes.”

“Executive director's compensation and benefit package is reviewed annually by the executive committee of the board of directors, all of whom are independent of the agency. The executive committee uses compensation data provided by independent third parties, internet based research and local/regional data in the annual review.”

“Governing documents are made available to the public upon request to jason a. Young, executive director, at the agency's address.”

“In addition to donors listed on schedule b, the agency wishes to acknowledge the generosity of the following organizations that granted funds to the agency during fiscal 2015: 1. Golden rule foundation 2. Bernardine fransciscan sisters foundation 3. Virginia commonwealth university 4. First united methodist church 5. Dominion foundation”

“Volunteers provide board services and assist with program service.”

“The mill house had an average daily census of 17 members per day and served approximately 75 individuals during the year ended june 30, 2015. The denbigh house had an average daily census of 13 members per day and served 86 individuals during the year ended june 30, 2015. Approximately 5,600 days of professional care was provided to the aforementioned individuals during the year ended june 30, 2015. The mill house and the denbigh house are operating at full capacity. In addition, during the year ended june 30, 2015, the agency provided case management services throughout the greater richmond, virginia community to approximately 95 individuals survivors of acquired/traumatic brain injuries. The individuals referred to above were provided vocational rehabilitation, independent living, case management and other community based services. The agency is the grateful recipient of services from volunteers who provide program services at the mill house and the denbigh house.”

“See schedule d, part xiii 15,756 see schedule d, part xiii -15,756”