The New Foundation

“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. Is the sole member of the organization.”

“The member has the authority to appoint or remove a director or the filling of vacancies on the board of directors.”

“The following actions shall require prior approval of the member (a) the appointment or removal of a director of the filling of vacancies on the board of directors; (b) the amendment or repeal of the corporation's articles of incorporation or bylaws or the adoption of new articles of incorporation or bylaws; (c) the appointment or removal of any officer of the corporation; (d) the fixing of compensation of directors for serving on the board of directors or on any committee of the board of directors; (e) the execution of any contract for goods, services or facilities; (f) the borrowing or lending money; (g) the adoption of an annual budget and approval of an annual audit and tax return; (h) the liquidation or dissolution of the corporation, or the transfer, disposition, or encumbrance of the properties or assets of the corporation other than in the ordinary course of the corporation's business. The actions reserved to the membership shall be ratified or addressed at the annual meeting of the membership. Any action taken by the board of directors may be submitted to the membership for its consideration at any meeting of the membership.”

“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 consolidated financial statement audit and is then presented to the cfo and the ceo of a new leaf, inc. For their review and discussion. Once approved by the cfo and ceo, 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 vote when potential conflicts 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.”

“A public copy of the form 990 is available on a new leaf, inc.'s website at www.turnanewleaf.org”

“A public copy of the form 990, the conflict of interest policy and other governing documents are available upon request at the organization's administration office during regular business hours.”

“This process has not changed from the prior year.”