The Armed Forces Foundation

“The board of directors, by resolution adopted by a majority of the directors in office, may designate and appoint one or more committees of its members, each of which shall consist of two or more persons, which committees, to the extent provided in said resolution, shall have and exercise the authority of the board of directors in the management of the corporation; provided, however, that no such committee shall have the authority of the board of directors in reference to amending, altering, or repealing the bylaws; electing, appointing, or removing any member of any such committee or any director or officer of the corporation; amending the articles of incorporation; adopting the sale, lease, exchange, or mortgage of all or substantially all of the property and assets of the corporation; authorizing the voluntary dissolution of the corporation or revoking proceedings therfor; adopting a plan for the distribution of the assets of the corporation; or amending, altering, or repealing any resolution of the board of directors which by its terms provides that it shall not be amended, altered, or repealed by such committee.”

“Tris barry, a current director, worked at the same company as william jonas,a director for a major part of 2015.”

“On october 6, 2015, aff updated its bylaws as follows: - generally increased control of the corporation by the board of directors; decreased control by the president - established and defined role of independent directors - defined in greater detail terms and elections of directors - called for two annual board meetings and specified new requirements for directors' attendance - strengthened the role of the finance committee - added provisions for dissolution aff has and continues to incur a large amount of expenses due to legal, forensic audit and other professional fees for the investigation of the suspected misappropriation. This has depleted aff's reserves and during the board meeting dated july 1, 2016, the board decided to close aff's operations as of october 31, 2016.”

“Aff became aware of the asset diversions by exceutive director patricia driscoll in 2015.”

“The finance committee reviews the foundation's form 990 before it is filed with the irs.”

“All employees, officers, and board members sign a conflict of interest statement prior to beginning of their duties. Annually, all officers, employees and board members must disclose any conflicts of interest to the board of directors if not done so at the time the conflict arose.”

“The executive director compensation was reviewed last in october 2015 and approved by the board of directors.”

“The foundation makes its governing documents, conflict of interest policy, forms 990 and financial statements available upon request.”

“Computer and it: program service expenses 54,336. Management and general expenses 16,294. Fundraising expenses 0. Total expenses 70,630. Other professional fees: program service expenses 281,260. Management and general expenses 317,408. Fundraising expenses 0. Total expenses 598,668. Photo video: program service expenses 12,880. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,880. Admin help: program service expenses 0. Management and general expenses 8,866. Fundraising expenses 0. Total expenses 8,866.”

“Investment loss in llc -90.”

“These processes have not changed from the previous year.”