The Magdalen House

“The Chief Operations Officer conducts a thorough review of the return and prepares a report highlighting all significant items. This report, along with the return, is shared with the Chief Executive Officer, Board Chair, Treasurer, and the Finance and Audit Committee. The Finance and Audit Committee reviews and approves the return before it is presented to the full Board for final review and approval.”

“The conflict of interest policy covers interested persons, including any director, principal officer, member of a committee with governing board delegated powers, anyone who has a direct or indirect financial interest, or a family member of any of the foregoing. An interested person must disclose actual or possible conflicts of interest and all relevant facts.He/She shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon, and the remaining board or committee members shall decide if a conflict ofinterest exists. If it does, the remaining board or committee members shall discuss and vote on the transaction or arrangement. If appropriate, a disinterested person or committee may investigate alternatives to the proposed transaction or arrangement. The governing board or committee shall then determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement that would not give rise to a conflict of interest. If this is not reasonably possible, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. To ensure that theOrganization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted.”

“The BOD does an annual review of the CEO by interviewing randomly selected employees and going over annual plans versus actual with the CEO. The committee then votes on pay for the CEO and submits it in writing to the COO for documentation.”

“Documents are available on our website and upon request.”

“The net economic benefit from our annual fundraising events is calculated as follows:Contributions from fundraising events reported on Part VIII, line 1c $ 426,830Gross income from fundraising events reported on Part VIII, line 8a 30,977Gross income for gaming events reported on Part VIII, line 9a 679,495Less: Direct costs of events reported on part VIII, Line 8b (174,936)Less: Direct costs of gaming events reported on part VIII, Line 9b (640,514) Net economic benefit of fundraising events $ 321,852”

“The men's program began in 2024.”

“Unrelated business income from k-1 = -$38981”