Centro Lancaster Ltd.

“Carlos graupera, the president, and rosa graupera, the chief financial officer for the organization, have a family relationship. Rosa reports directly to the spanish american civic assocation's board treasurer and carlos reports to the spanish american civic assocation's executive committee.”

“The board of centro lancaster, ltd. Is comprised of one director from the related organization saca development. The remaining directors are appointed by a majority of saca development corporation's board of directors.”

“Any repeal or amendment of the bylaws must be approved by the saca development's board of directors.”

“Management performs an initial review of the return. Once approved, the final form 990 is sent out to all board members with a request to submit any questions or comments. Upon completion of board review, the return is then submitted to the irs.”

“The organization adheres to the conflict of interest policy of its supported organization, spanish american civic association, which is as follows: a conflict of interest policy is included as part of the employee handbook. The policy dictates no board members or employees may be involved in a transaction in which they have a substantial interest. The organization is currently in the process of updating its conflict of interest policy which will include having officers and key employees sign an annual conflict of interest questionnaire. All officers and key employees are currently required to notify the board of directors of any family or business relationships. The board acts as a whole in monitoring and enforcing the conflict of interest policy.”

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

“Administrative fees: program service expenses 0. Management and general expenses 9,524. Fundraising expenses 0. Total expenses 9,524. Asset management fees: program service expenses 0. Management and general expenses 22,500. Fundraising expenses 0. Total expenses 22,500. Property management fees: program service expenses 506. Management and general expenses 0. Fundraising expenses 0. Total expenses 506.”