Life Quest Inc

“This policy requires complete disclosure of outside business activities of the officer or directors. An annual disclosure form with required updates is to be completed by the affected personnel, including staff and directors. Verification of the information may be independently undertaken by the CEO. Reports of possible violations are encouraged from staff with organizational recognition that there will be no adverse consequences to the reporting staff member.”

“The Board of Directors determines the compensation of the C.E.O. This is done after much discussion and comparisons to the local like type employees. The Board uses a Matrix System approach for these compensation matters.”

“The agency will provide corporate information to any person or agency that makes a request to review its governing documents. This corporate information includes conflicts of interest, financial statements and other governing documents.”

“The 990 tax form information is reviewed with the Board of Directors President along with agencys management at a meeting with the preparing CPA. The completed 990 Form are then reviewed with the Board at the next Board Meeting and the CPA is available to answer all questions. A complete copy of the 990 Return is presented to the Board. This process could be altered as the agency is effectively closed as of July 31 2018.”

“The Organization did make significant items to their enabling documents of the corporation. On July 9 2018 the Board of Directors approved a Plan of Dissolution and Distribution. Included in this plan is to cease business operations as of July 31 2018. This would include paying off bills and selling all assets. Upon completion then to distribute the remaining asset to local non profit organizations. This plan will be implemented over 2 fiscal years of FY17 and FY18. This plan has been submitted and approved by the New Mexico Secretary of State. Business effectively finished with Administrative business on January 31 2019.”

“On July 9 2018 the Board of Directors approved a Plan of Dissolution and Distribution. Included in this plan is to cease business operations as of July 31 2018. This plan has been submitted and approved by the New Mexico Secretary of State.”

“The change in net assets totaling 260,000 reflects funds transferred from the Organization to five individual non-profit organizations located in Silver City, NM. The list of recipients can be found on Schedule N.”