Macdonald Training Center Inc.

“Article ii, section 1, of the organization's bylaws were amended during the year to identify macdonald training center holding co. As the sole member of the organization. The section states: the sole member of the corporation shall be macdonald training center holding co., a florida corporation not for profit. Should macdonald training center holding co. Dissolve, cease to exist, or for any reason cease to be a member of the corporation, the member or members of the corporation shall be those persons or that person whom the board of directors (or the most recent board of directors) of macdonald training center holding co. Shall lawfully appoint as successor member or members. Should the board of directors of macdonald training center holding co. Fail to appoint successor members, then the members shall consist of those persons and only those persons who shall at that time constitute the board of directors of the corporation. The term "members" means the singular thereof in these bylaws wherever the context and facts require such a construction.”

“The sole member of the organization is macdonald training center holding co. (ein: 59-3010536), a florida corporation exempt from income tax under irc section 501(c)(3).”

“The sole member of the organization has the elects the members of the organization's board of directors.”

“A representative from the cpa firm that prepares the 990 presents and reviews the return with the audit committee. Upon approval by the audit committee, the 990 is submitted to all board members along with any recommendations for approval by the board. After approval, the cpa firm finalizes and files the return.”

“Board members sign the organization's conflict of interest declaration and are required to identify possible or potential conflicts of interest. These declarations/disclosures are valid for one full board term for each board member. The secretary of the board is accountable for enforcing and documenting any conflicts of interest and is the delegated authority to monitor and enforce the conflict of interest policy.”

“The president/ceo's compensation is reviewed and approved by the executive committee of the board using comparable data from similar organizations, in size and function, from the surrounding geographic area as well as one or more recognized, authoritative wage study such as "nonprofit compensation & benefits reports" published annually by rollins college. This compensation data is provided to the executive committee of the board by hr for their information. A formal executive compensation policy was adopted by the board of directors on may 19, 2011. Compensation for the cfo position is reviewed and approved by the president/ceo using comparable data and compensation studies. This compensation data is provided to the president/ceo by hr for his/her information. The executive compensation policy adopted by the board of directors on may 19, 2011, incorporates compensation information for other key employees.”

“The organization's governing documents, conflict of interest policy and financial statements are available upon request.”

“Macdonald training center, inc. Requires an annual audit by an independent certified public accounting firm selected by the audit committee of the board of directors. Upon completion of the annual audit, the audit committee will meet with the cpa to review the audit findings, the auditor's report, the accompanying financial statements and the management letter and formally recommend it to the full board for approval. This process has not changed from the prior year.”