La Clinica Guadalupana Inc

“Conflict of interest policies, whistle blower, retention and destruction and form and form 990 review policies are no longer needed as the clinic was taken over by another entity. See discussion for item 3, part xi line 9 below.”

“These items do not apply. The organization does not pay any executive management or key employee salaries. The clinic employs a part time nurse practioner and administrator/nurse, and 2 other part time workers. These wages are reported on page 10, part ix, line 7. The nurse practioner and the administrator/nurse are also on the board as directors. Their wages are reported on form 990, part vii, section a, but they are not considered executive management or key employees for purposes of form 990.”

“AT ITS MEETING ON JULY 16, 2024, THE BOARD OF DIRECTORS VOTED UNANIMOUSLY TO ACCEPT A PROPOSAL FROM CATHOLIC CHARITIES, DIOCESE OF ST. PETEERSBURG, INC. ALSO A 501c3 ORGANIZATION FOR LaCLINICA GUADALUPANA, INC. TO BE TAKEN OVER BY THEM, AND HAVE ALL ASSETS TRANSFERRED INTO THE NAME OF CATHOLIC CHARITIES, DIOCESE OF ST. PETERSBURG, INC. THE ASSET TRANSFER TOOK PLACE ON SEPTEMBER 4, 2024. ASSETS TRANSFERRED AND THEIR COST ARE SHOW ON SCHEDULE N. THE TOTAL COST OF THESE ITEMS WAS 418,907. THIS REPRESENTS THE BULK OF THE REDUCTION ON PAGE 12, PART X1 LINE 9. THE REST OF THE 7,492 DIFFERENCE WAS DUE TO AN INCORRECT DEPOSIT OF 7,305 AND A 386 MISCELLANEOUS ADJUSTMENT. ALSO AT ITS MEETING ON JULY 16, 2024 THE BOARD APPROVED A RESOLUTION THAT UPON COMPLETION OF THE TAKE OVER BY CATHOLIC CHARITIES, LsCLINICA GUADALUPANA, INC. SHOULD BE DISSOLVED AND A FINAL 990 TAX RETURN FILED FOR THE TAX YEAR ENDED 12-31-24. INCLUDED IN THE TRANSFER WAS LAND AND A BUILDING WHICH THE CLINIC OWNED AND OPERATED FROM. SINCE THIS WAS A TRANSFER FROM ONE 501c3 TO ANOTHER NO APPRAISAL OR VALUATION WAS DONE ON THE REAL ESTATE AND IT WAS TRANSFERRED AT COST, NET OF ACCUMULATED DEPRECIATION.”