Sunrise Community of Alabama Inc.

“The sole member of the organization is phineas corporation.”

“The organization's sole member, phineas corporation, has the authority to elect members of the board of directors.”

“At the direction of the board of directors, finance management conducts a comprehensive review of the form 990 and, thereafter, a complete copy is provided to the bod.”

“The organization's conflict of interest policy covers all employees, executives, trustees and board members. The president & ceo monitors and enforces compliance with the conflict of interest policy. Members of the board of directors must fully disclose to the board chair any contract, business arrangement, or direct financial interest in a business that contracts or transacts business with the organization. Members of the board of trustees, employees and committee members must make such disclosures to the president & ceo. The board chair (in matters involving the board of directors), or the president & ceo (in matters involving members of the board of trustees, employees, and committee members), may decide whether to allow continuing involvement in the discussion and decision process, and to what degree (i.e. Discussion only and the member must abstain from voting), before proceeding. The potential conflict of interest is recorded in the minutes or notes of the meeting.”

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

“Net assets transferred from related parties 361,399.”

“Oversight of audit and selection of independent accountant: the audit committee is responsible for the selection, monitoring and evaluation of an independent audit firm and oversight of the audit of its financial statements. There was no change in this process from the prior year.”

“Net asset transfers from (to) related parties: the sunrise group's cash management policies require all cash receipts to be transferred to the sunrise community, inc. General operating account. Cash transfers back to the organization are only made to cover its required cash flow needs, creating a due from sunrise community, inc. Since there is no intention to repay these related-party balances, any excess cash transfers are considered a permanent transfer of net assets at year-end. During the years ended june 30, 2019 and 2018, the organization received net assets from related parties amounting to $361,399 and $238,927, respectively.”