Ability360 Inc.

“Executive committee : the executive committee shall consist of the five officers : chair, vice chair, secretary, treasurer, and past chair. The executive committee shall be responsible for reviewing the president & ceo's performance annually, making decisions for the organization in emergency situations, performing strategy planning, performing ethical oversight, and performing other duties as assigned by the board.”

“The form 990 is reviewed and approved by the finance committee. After this review and approval, a copy of the form 990 is distributed to the complete board prior to filing.”

“Conflicts of interest are inconsistent with the core values of abil. Potential conflicts of interest include, but are not limited to: the employee performing services for money or other personal gain for any supplier or vendor to abil; the employee's family member performing services for money or other personal gain for any supplier or vendor to abil; the employee having ownership interests (such as stock) in a supplier or vendor to abil; or the employee owing money (such as a loan) to a supplier or vendor to abil. All employees are to be aware of potential conflicts of interest. All employees are expected to disclose any conflicts of interest to their supervisor. Whenever an employee has a question about a conflict of interest, it is expected that the employee will raise this issue immediately with his/her supervisor. All employees are expected to graciously decline gifts and tickets to events that are not of a nominal value. Employees who deliberately engage in conflicts of interest may be disciplined up to and including termination of employment. This conflict of interest policy is covered in the abil personnel handbook and is also applied to the board of directors.”

“Compensation for the organization's ceo, executive director, or top management official is reviewed and approved by the board of directors. Compensation for other officers or key employees of the organization is reviewed and approved by the executive director.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Change in value of interest rate swap 1,211,824.”

“The finance committee has responsibility for oversight of the audit of the financial statements. The finance committee consists of the president/ceo and 5 board members, who review quarterly financial statements, annual budget, and annual audit before information is submitted to the board. Finance committee also selects an independent accountant for the annual financial audit. The process of oversight of financial statements, audit and selection of an independent accountant has not changed from the prior year.”