Ps Atlanta Inc.

“Management fees are equal to the greater of $5,000 or 5% of the adjusted gross revenues. For the years ended june 30, 2015 and 2014, management fee expenses totaled $206,557 and $204,531, respectively.”

“The organization's board does not have committees.”

“Prior to filing, a draft form 990 is reviewed by senior management. A final draft form 990 is emailed to the board of directors with an indication of the anticipated filing date. The directors are given the opportunity to raise any issues of concern. These issues are discussed and incorporated in the final form 990 as necessary. The form 990 is filed after board approval.”

“The conflict of interest policy is reviewed with the directors annually. The organization monitors transactions and arrangements that could result in a conflict. If evidence suggests a conflict of interest, the organization performs due diligence procedures and determines, by a majority vote of the governing board, whether or not a conflict exists. Outside advisors may be used.”

“The compensation of key management personnel are reviewed annually by the management company. The management company may engage an independent compensation consultant experienced in non-profit compensation issues. The consultant, if engaged, provides the management company a report detailing the compensation ranges for each executive position. The management company then evaluates the performance of the executives of the organization. The management company implements the salary increases based on their evaluations.”

“Documents are available upon request annually by the management company.”

“On june 4, 2015, ps atlanta, inc. Ceased operations and sold the plantation south of duluth and plantation south of dunwoody assisted living facilities to an unrelated third party.”