Mariner Sands Foundation Inc.

“The foundation has been organized as a non-stock florida not-for-profit corporation. It is authorized by the charter to have members but there are no members. The issuance of member certificates is at the discretion of the board. Until there are members who have been granted voting rights, the directors are elected by the board each year.”

“No committee has authority to act on behalf of the governing body.”

“The process of review of form 990 consists of a review by appropriate officers of the foundation, assisted by outside tax and accounting consultants.”

“Annually, persons covered by the conflict of interest policy must certify compliance with the policy.”

“Governing documents, conflict of interest policy and financial statements are available to the public upon request. Annually a report is made to all members of mariner sands country club (see page 2) describing the activities of the foundation, including financial information. Such report states that financial information may be obtained from the florida division of consumer services, providing its telephone number.”

“Description of organization mission: the foundation was established in 2001 by a group of residents of mariner sands country club, inc., a residential community of approximately 770 households in stuart, florida. The affairs of the foundation are administered by a board of directors, consisting of five directors and officers, all of whom are residents of mariner sands and serve without compensation. The officers and directors are george forsyth, president and treasurer, tom cote, vice president, charles hurchalla, vice president, alfred kirchner, jr., vice president, and sheppard speer, secretary. The foundation's primary sources of support are from donations from the mariner sands community. Loans and grants are made to assist individuals, primarily employees and their families, of mariners sands. Loans and grants are for a variety of needs, such as legal, medical and dental expenses, shelter and transportation costs, such as rent, repairs and purchase assistance, and educational costs, including tuition, books, and tools. Approximately 20% of donations received are used to make grants to organizations and charities operating in martin county, florida. Grants are made to local charities and organizations, such as martin memorial hospital, the indian river state college and volunteers in medicine. The foundation also funds legal advocacy and instruction and materials for an english as a second language program for the employees of mariner sands. Since its founding, the foundation has provided assistance of over $830,000 in grants and loans to individuals and organizations and charities operating in martin county. In addition, the foundation has funded over $15,000 for english as a second language instruction. The foundation is a florida not-for-profit corporation and a 501(c)(3) tax exempt organization under the internal revenue code. It also is registered as a charitable organization with the florida division of consumer services.”