The New Foundation Inc

“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) effective october 1, 2018, the new foundation was acquired by a new leaf, inc. The new foundation maintained its own 501(c)(3) status and operates as an affiliate of a new leaf, inc.”

“The articles of incorporation and bylaws were amended and restated to state that the organization shall have one sole member which is a new leaf, inc. And thereby ceding control of the organization to a new leaf, inc's board of directors.”

“The organization has one member which is a new leaf, inc.”

“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 or 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; and (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 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.”

“The new foundation is managed by a new leaf, inc. And the new foundation reimburses them for salaries. The new foundation was acquired by a new leaf, inc. On october 1, 2018 and the new foundation employees became a new leaf, inc.'s employees as of january 1, 2019. 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 this 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.”

“Contracted personnel services: program service expenses 151,472. Management and general expenses 238,204. Fundraising expenses 0. Total expenses 389,676. Direct care professional fees: program service expenses 162,592. Management and general expenses 12,960. Fundraising expenses 0. Total expenses 175,552. Psychiatrist professional fees: program service expenses 14,254. Management and general expenses 1,344. Fundraising expenses 0. Total expenses 15,598.”

“There has been no change in either the oversight process or the selection process during the tax year.”