The Holdsworth Center

“Charles clines is the chief financial officer of holdsworth center and is also the chief financial officer in the office of charles c. Butt (member of holdsworth).”

“The holdsworth center has entered into an agreement with fair winds management company, llc ("fwm") for the provision of various back office and support services. Fwm is wholly owned by mr. Charles clines, the chief financial officer of holdsworth. Mr. Clines and debra salge received $22,340 and $17,000, respectively, from fwm for services provided to holdsworth center. The services provided under this agreement include cash management services, accounting, and recordkeeping services, tax reporting, human resource management services, property management services, investment and risk management services and other administrative support services that may be required. Amounts paid to fwm are based on time spent by fwm employees on the center's matters. Fwm is also reimbursed for direct out of pocket costs incurred on behalf of the center. All amounts charged to the center are based on actual costs to fwm and do not include any premium or mark-up.”

“Charles c. Butt and the charles butt foundation are members of the holdsworth center.”

“The members have the right to appoint 2 non-voting directors to the board of directors. The member(s) must also consent to the election of any individual to the board of directors. In addition, the member(s) must consent to the following actions of the board of directors: dissolve, merge or consolidate the corporation sell or transfer substantially all the assets of the corporation elect any person to the board of directors appoint a president or chief executive officer amend the corporation's certificate of formation amend the corporation's bylaws”

“See above explanation for line 7a.”

“Form 990 is reviewed by the finance committee of the board of directors prior to filing. A complete copy of the form 990 is made available to the entire board prior to filing.”

“In accordance with the conflicts of interest policy, each director, principal officer and member of a committee with board-delegated powers must annually sign a statement affirming they have received a copy of the conflicts of interest policy, have read and understand the policy, and agree to comply with the policy. Periodic reviews are conducted and include, at a minimum, whether compensation arrangements and benefits are reasonable based on competent survey information and the result of arm's length bargaining. The review also includes whether partnerships, joint ventures and arrangements with management organizations conform to the foundation's written policies, and are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in excess benefit transactions.”

“All compensation matters are reviewed by the compensation committee and board of directors. Compensation of the senior executive positions is based on formal compensation reviews with an outside party. Compensation for other management members is based on comparable salary information obtained from public sources.”

“The organization makes its governing documents, conflict of interest policy and financial statements available in the organization's office to anyone who requests to see them.”

“Charles c. Butt and debra salge resigned as directors on january 12, 2017. Charles h. Clines was an initial director and is now a nonvoting director. No reportable compensation was paid for the calendar year 2016 ending within the organization's tax year.”