The Marc Foundation

“The Organization has delegated bookeeping and daily operational duties to Marc Community Resources, Inc MCR which employs its Chief Development Officer. This officer received 92,524 in compensation and benefits from MCR for the fiscal year for services performed for the Foundation.”

“The Organizations Bylaws and Articles of Incorporation were amended to establish COPA Health, Inc. COPA to be the Sole Member of The Marc Foundation TMF. At all times, the Directors and Officers of COPA will be the Directors and Officers of TMF.”

“COPA Health, Inc COPA is the sole member of the filing organization and COPA appoints the board members to serve on the filing organizations board. At all times, the Directors and Officers of COPA will be the Directors and Officers of the Organization.”

“The following acts require approval from the Sole Member 1 Amendments to the Organizations Bylaws, and 2 Borrowing money from any lender.”

“Copies of the 990 and all related schedules are sent out to the entire Board of Directors of COPA Health, Inc. COPA for review. Any questions the Board might have are directed back to the Chief Financial Officer of COPA. The 990 is then discussed at a full board meeting and approved by the COPA Board of Directors.”

“Enforcing agency policy on conflicts of interest is the responsibility of COPA Health, Inc.s audit committee. This committee dedicates one meeting per year to 1 Ensure all conflict of interest statements have been received, 2 Ensure conflicts are fully understood and implications discussed and disposition agreed upon, 3 Ensure that board members with conflicts, if any, follow policy with respect to voting on matters that they may have a conflict with, and 4 Recommend enhancements to existing forms, policies, and training related to conflicts of interest.”

“Each year, the Board approves performance goals for the CEO based primarily on the Board approved strategic plan. At the end of the year, the board chair completes a performance evaluation. The board of directors maintains a compensation committee to determine CEO compensation. Periodically, the organization contracts with an independent organization to conduct a formal compensation study to provide the compensation committee with benchmark data for the CEO and other certain other officer positions and provide independent assurance that compensation is reasonable based on IRS guidelines. GuideStar Compensation Studies are also used from time to time. All components of comprehensive compensation for the CEO, including bonuses to the CEO or officers are approved by the board prior to payments being disbursed.”

“The Organization will provide in a timely manner, copies of all policies, procedures, annual financial audits, and Forms 990 when requested in writing or in person.”

“The Organization did not issue any Forms 1099. The payments for the services were paid through Marc Community Resources Inc. MRC, and therefore they issued the Forms 1099 directly. The Organization reimbursed MRC for these services payments.”

“Other Contract Services 28,381 24,771 Consultants for Program Development 22,294 Program, -0- Administrative, 2,477 Fundraising 1,560 Videographer, 1,404 Program, -0- Administrative, 156 Fundraising 2,050 Branding, 1,845 Program, -0- Administrative, 205 Fundraising.”

“The board of directors has a Risk and Audit Committee that is tasked to oversee the consolidated financial statement audit and select the independent auditor.”