Phoenix Day

“Effective 1/1/2018, the day-to-day operations are managed by a new leaf, inc., an arizona non-profit corporation exempt from tax under internal revenue code section 501(c)(3). See schedule r.”

“A new leaf, inc., an arizona nonprofit corporation, is the organization's sole member.”

“The member approves the board members elected by the board of directors. During fiscal 2019, the phoenix day existing directors and officers resigned and the new leaf's executive committee were appointed to serve as the new directors of phoenix day.”

“The member has the right to approve the appointment or removal of a director of the filing of vacancies on the board of directors. The member must also approve any amendment or repeal of the organization's articles of incorporation or bylaws or the adoption of new articles of incorporation or bylaws, the appointment or removal of any officer of the organization, the fixing of compensation of the directors for serving on the board of directors or any committee of the board of directors, the exectuion of any contract for goods, services or facilites, the borrowing or lending of money, the adoption of an annual budget and approval of an annual audit and tax return, and the liquidation or dissolution of the corporation, of the transfer, dispostion, or encumbrance of the properties or assets of the organizaion other than in the ordinary course of the organization's business.”

“The organization does not have any committees that have the authority to act on behalf of the governing body.”

“The form 990 is prepared by the independent certified public accounting firm who conducted the financial statement audit and is then presented to the cfo and the ceo of a new leaf for their review and discussion. Once approved by them, the form 990 is distributed to the board of directors prior to filing with the irs.”

“All members of the board of directors and key leadership staff complete conflict of interest forms as required under a new leaf, inc.'s conflict of interest policy. The organization's management team monitors compliance with policies and use of vendors, agencies, professionals or other outside organizations to ensure compliance with policies. Board members recuse themselves from discussions or votes when potential conflict of interest arise. Board members annually complete a disclosure of conflict of interest statement which is maintained by the governance committee and the ceo and forwarded to any government agencies which require such disclosure.”

“Phoenix day does not have compensated officers or key employees. Phoenix day is managed by a new leaf, inc. And phoenix day reimburses them for salaries. A new leaf, inc reports the following processes for determining the compensation of their ceo and other officers and key employees: the ceo's salary is determined annually by the executive committee of the board of directors in conjunction with an annual performance review. The executive committee considers comparative market data for similar positions in comparable organizations in setting the annual salary for the ceo. The ceo follows a similar process in setting the salaries of key employees and officers of the organization with annual performance reviews and analyses of market data for similiar positions in comparable organizations. The board of directors approves the salaries of key employees and other officers in the budget approval process for the organization. Written contemporaneous substantiation is kept of the decisions made.”

“A public copy of the form 990 is available on a new leaf inc.'s website (a related organization, see schedule r) at www.turnanewleaf.org.”

“A public copy of the organization's form 990 and copy of form 1023 are available upon request at the organization's office during regular business hours. The organization also posts the annual form 990 on its website.”

“The organization has not changed its oversight process or selection process for the audited financial statements for the tax year.”