Centro Lancaster Ltd.

“Carlos graupera, ceo, and rosa graupera, cfo for the organization, have a family relationship. Rosa reports directly to the spanish american civic assocation's chairperson 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 corporation. 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 corporation's board of directors.”

“Management performs an initial review of the return. Once approved, the final form 990 is sent 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.”

“Asset management fees: program service expenses 0. Management and general expenses 26,567. Fundraising expenses 0. Total expenses 26,567. Property management fees: program service expenses 7,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,800. Administrative fees: program service expenses 0. Management and general expenses 21,613. Fundraising expenses 0. Total expenses 21,613.”