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.”

“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 organizaiton's business.”

“The form 990 is reviewed by the executive director, finance director, and cfo of the acquiring organization and is provided electronically to all members of the board of directors prior to filing.”

“All members of the board of directors sign an annual conflict of interest statement. The conflict of interest policy requires disclosure of any conflict of interest and all members must notify the board of directors if any conflict of interest occurs during the year. Organizational leadership monitors compliance with policies.”

“Prior to a new leaf taking over the managment and control of the organization, the board of directors determines the executive director's salary in conjunction with an annual performance review. Comparative market data for similar positions in comparable organizations is received when establishing the annual salary. The executive director follows a similar process in setting the salaries of key employees and directors through annual performance reviews and analysis of market data for similar positions in comparable organizations. The board of directors approve the salaries of key employees and directors in the budget approval process. After a new leaf took over the management and operation of this organization,its compensation process described below became effective: 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 organization's in setting the annual salary for the ceo. The ceo follows a similar process in setting the salaries of key employee and officers of the organization with annual performance reviews and analyses of market data for similar positons in comparable organization. The board of directors approves the salaries of key employees and other officers in the budget approval process for the organization.”

“A public copy of the form 990 are 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 their oversight process or selection process for the audited financial statements for the tax year.”

“Effective january 1, 2018, a new leaf, inc. (anl) took control of phoenix day. For the period july 1, 2017 though december 31, 2017, phoenix day's financial statements were audited on a separate basis. For the period january 1, 2018 though june 30, 2018, phoenix day's financial statements were audited on a consolidated basis under anl.”