Caron of Florida Inc.

“Richard j caron foundation prepares payroll and financial reporting; executive oversight is provided by richard j caron foundation”

“Richard j caron foundation is the sole member of caron of florida, inc.”

“Directors are elected by the sole member, richard j caron foundation, at the annual meeting.”

“Fundamental transactions (listed below) shall require a 2/3 vote of directors of the board of directors, and shall also require the affirmative vote of the sole member. Fundamental transactions include: 1) any amendment to the bylaws; 2) any amendment of the corporation's articles of incorporation; 3) any merger or consolidation of the corporation with another corporation; 4) the sale or other disposition of all or substantially all of the assets of the corporation; 5) any plan of division; 6) a proceeding in bankruptcy or insolvency; 7) a plan of conversion to a business corporation; 8) the dissolution, or liquidation of the corporation; 9) any transaction, or series of transactions, the result of which would cause the corporation to incur debt in excess of $10,000; 10) a requirement of the contribution of additional capital to the corporation by the sole member; 11) any capital expenditure equal to or greater than $100,000; 12) any expansion of the business purpose of the corporation; 13) any change in the treatment philisophy of the corporation; 14) any amendment to the investment or spending policies of the corporation; 15) acceptance of any charitable gift, annuity or bequest other than in accordance with the policy of the sole member; or 16) the operating and capital annual budgets of the corporation.”

“The 990 was reviewed by the audit, compliance and risk management committiee.”

“The conflict of interest policy is documented in the employee manual and a policy is signed by all directors of the governing board and reaffirmed annually. The policy is actively enforced through several internal control procedures, including review and authorization of cash disbursements and disclosure requirements.”

“Executive compensation is based on recommendations from outside independent counsel based on comparability data. Compensation is determined and approved by the compensation committee and governing board.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The organization has an audit, compliance and risk management committee that selects the independent accountant. This process has not changed.”