The Cutty Legacy Foundation

“Employees of the centers for habilitation (tch) provide administrative and management support for the organization. The organization reimburses tch for these expenses.”

“The number of allowed board members has increased to 25. Directors of supported organizations will automatically, by reason of such office, be elected as a director of the corporation. The president/ceo of the supported organization shall automatically be a voting member of the board of directors. The term of each director and officer is dependent on their term within the supported organization. President/ceo has been added as an officer of the organization and shall be the chief executive officer of the corporation.”

“The supported organization (tch's) board elects the board of directors for the cutty legacy foundation.”

“The supported organization, tch, has the right and authority to approve: amendments to articles of incorporation or bylaws; incurrence of debt (other than trade debt incurred in the ordinary course of the organization's operations); adoption of plan of merger or consolidation; sale, lease, exchange, mortgage, pledge or other disposition of all, or substantially all, the assets of the organization; and dissolution of the corporation.”

“There are no committees with the authority to act on behalf of the board.”

“The form 990 was prepared by an outside accounting firm and reviewed by the cfo of tch. Then, a draft form 990 will be emailed to the members of the board for review prior to the filing of the return.”

“It is the policy of the cutty legacy foundation (clf) to avoid any conflict of interest in service on or actions taken by the board of directors (the "board") of clf. A director shall not vote on nor participate in the board discussion regarding any matter that will directly or indirectly financially affect another service organization, business, or activity with which that director is also closely associated and may personally benefit from that association. Annually, each director is required to sign off on the organization's conflict of interest policy statement. The signed off policy statements are initially reviewed by the ceo of tch and cfo of tch for compliance with the organization's conflict of interest policy. Any items of a questionable nature are then reviewed by the board, and each item is dealt with individually depending on the circumstance. If it is determined that a conflict does exist, that person shall not vote on nor participate in the discussion of any matters related to the item that creates the conflict.”

“The organization does not compensate any officers or directors. The organization reimburses a portion of the compensation of the top management official of tch for services provided to the organization. Tch's executive committee recommends her compensation to the board for their approval. Only independent members of the executive committee and board are permitted to deliberate and vote on the compensation. The executive committee refers to information reported in the 990 returns of comparable organizations and other data sources in their decision, which is contemporaneously documented in the committee's minutes.”

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

“Consulting services: program service expenses 24,851. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,851.”