Arnies Army Charitable Events Foundation Inc.

“Amy p. Saunders. (chair and president of the foundation) is a minority shareholder and president of the bay hill classic, inc. (d/b/a arnold palmer golf tournament services). Amy is also president of latrobe country club inc., arnold palmer enterprises, inc., arnold palmer design company and tbhc, inc. (d/b/a bay hill club and lodge). Robert l. Saunders iii (director and treasurer of the foundation) is vice president of the bay hill classic, inc. (d/b/a arnold palmer golf tournament services), latrobe country club inc., arnold palmer design company and tbhc, inc. (d/b/a bay hill club and lodge) . Robert is also an employee of tbhc, inc. (d/b/a bay hill club and lodge).”

“The organization has no committees with authority to act on behalf of the governing body”

“The organization's top management official and top financial official each review the form 990 prior to its filing with the irs. A copy of the final form 990 is also provided to the voting members of the organization's governing body prior to its filing with the irs.”

“The organization's conflict of interest policy is distributed to each member of the organization's governing body and its officers on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood, and agreed to comply with the policy, certifying that: (1) they have no relationships or interest that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate organization officials to take appropriate actions as required by the policy.”

“The organization provides, upon request, copies of its articles of incorporation, conflict of interest policy, and its financial statements. Audited financial statements - aacef is included in the consolidated audited financial statements of arnold & winnie palmer foundation and affiliate. The audit was conducted on an 12 month period (7/1/18 - 6/30/19). The financial statements are audited by an independent accountant and the board of awpff assumes the responsibility for the oversight of the audit and the selection of the independent accountant.”

“The process has not changed from prior years.”