Posabilities Inc

“Organization's process to review form 990 each member of the board of directors was provided a copy of the form 990. The governing body reviewed the form 990 before it was filed.”

“Explanation of conflict of interest policy 1. Posabilities, inc dba caring family network will enter into a transaction involving a potential conflict of interest only if the board determines that the terms of the transaction are at least as favorable to cfn as would be from any other comparable source and only after observing the following procedures: (a) the interested director must disclose the material facts concerning his or her interest in the transaction at a meeting of the board and such disclosure must be recorded in the minutes of the meeting. (b) the interested director must not participate in, or be present for the discussion of the merits of the transaction. (c) the interested director must abstain from voting on the transaction (d) the interested director will not be counted in determining whether there is a quorum present to consider the transaction (e) the transaction must be approved by a majority vote of the remaining board members. 2. Members of the board of directors, consultants, staff or any relatives of these individuals will not receive preferential treatment in application for the receipt of the organization's services.”

“Compensation process for top official and officers posabilities, inc dba caring family network does not employ any officers. The board of directors is a non-paid voluntary board for such services.”

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

“Bad debt -1,557. Merger -97,558.”

“No changes to the process from the previous year.”