The Holdsworth Center

“The charles butt foundation is a member of the holdsworth center.”

“The members have the right to appoint 2 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 consolidation 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 the 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 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 conflict of interest policy, have read and understood 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 personnel 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.”

“Campus operations (rooms, f&b, conference): program service expenses 4,541,059. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,541,059. Campus operations (hospitality admin): program service expenses 1,149,635. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,149,635. Campus operations (security): program service expenses 1,012,046. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,012,046. Campus operations (ground & maintenance): program service expenses 1,190,172. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,190,172. Campus operations (other): program service expenses 355. Management and general expenses 0. Fundraising expenses 0. Total expenses 355. Campus operations (marketing): program service expenses 362,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 362,450. Faculty and facilitation: program service expenses 1,206,928. Management and general expenses 21,500. Fundraising expenses 0. Total expenses 1,228,428. Coaching: program service expenses 795,272. Management and general expenses 0. Fundraising expenses 0. Total expenses 795,272. Other: program service expenses 176,781. Management and general expenses 367,658. Fundraising expenses 72,951. Total expenses 617,390.”

“The oversight and selection process has not changed from the prior tax year.”