Lenbrook Square Foundation Inc.

“The organization's form 990 is reviewed by the cfo, ceo, accounting director and members of the finance committee. Changes are made, if applicable, and a copy of the reviewed form 990 is distributed to board members prior to filing.”

“The organization has a conflict of interest policy which defines a conflict of interest, explains how disclosure of potential conflicts should be facilitated and the procedures to manage conflicts. Annually, board members are required to reaffirm in writing their interest to continue on the board and their knowledge of our conflict of interest policy and recusal form if they perceive they may have a potential conflict.”

“The organization has a compensation policy for officers and key employees which outlines the review and approval process, the use of comparable data and the recording of compensation decisions. The compensation committee of the board reviews and approves recommendations of compensation for key employees, comparable market data and lenbrook's compensation plan.”

“The organization provides a copy of governing documents, conflict of interest policy and financial statements to the public upon request. Documents are made available by arrangement with the individual.”

“Part x, line 23 secured mortgages and notes payable to unrelated third parties includes loans received under the small business administration paycheck protection program (ppp) in the amounts of $2,433,000 for lenbrook square foundation and $425,654 for lenbrook's wholly-owned entity, menders by lenbrook, llc. The loans will follow repayment terms outlined by the coronavirus aid, relief, and economic securities act (cares act) and the paycheck protection program flexibility act (pppfa). Both lenbrook and menders may apply for loan proceeds to be forgiven with the lending institution, provided the proceeds are used within the specified timeframe to cover payroll and other expenses as outlined in the cares act and the pppfa. Lenbrook and menders plan to apply for loan forgiveness subsequent to june 30, 2020.”

“On july 15, 2019, the foundation acquired the entity menders, inc., now known as menders by lenbrook, llc, for a purchase price of $1,810,000. Menders is a georgia corporation providing home care, personal attendant and related services. The acquisition allows lenbrook to expand its mission with quality and flexible services to both lenbrook residents and individuals outside the lenbrook community in the atlanta area. The allocation of the purchase consideration consisted of the following: ------------------------------------------------------ property and equipment 16,311 goodwill 1,793,689 ---------- total 1,810,000 ---------- ------------------------------------------------------”

“Description:service contracts total fees:1966645”

“Description:consulting total fees:787268”

“Description:outside services total fees:1101564”

“Description:nursing total fees:307945”