Eagle Oak Retreat Foundation

“Lillian watanabe steve watanabe pres direct vp director family relationship; denise seise steve watanabe director vp direcor family relationship; denise seise lillian watanabe director pres direct family relationship”

“Members are as named in the bylaws with a provision that after the named members can no longer serve then the board of directors will fullfill any duties previously granted to the members. The members have the power to elect or remove the directors of the corporation amend governing documents and determine any action related to the merger consolidation or dissolution of the corporation.”

“Decisions subject to the approval of the members include appointment of directors amendments to governing documents and any decision regarding merger consolidation or dissolution of the corporation.”

“There are no committees requiring written minutes of their actions.”

“The Form 990 is provided in full to all members of the Board of Directors prior to filing. The Board reviews the return with the Executive Director and the outside accounting firm and any questions or corrections are addressed before submission to the IRS.”

“The organizations conflict of interest policy applies to any director principal officer or member of a committee with governing board delegated powers. If a person has a financial interest as defined in the policy the interested person must disclose the existence of the financial interest to the governing board. A presentation may be made to the governing board regarding the proposed transaction and then the interested person is excused from the meeting and is absent from any board deliberations. The minutes of the governing board will reflect the proposed transaction any action taken and the decision of the governing board including names of those present and the votes relating to the transaction. Annually each person covered by the conflict of interest policy must sign a statement affirming that they have received a copy of the policy read the policy agreed to comply with the policy and understands the importance of the policy for the organization to maintain their federal tax exemption. Any suspected violations of the policy are reported to the governing board who is charged with evaluating the suspected violation and then taking appropriate disciplinary and correction action as may be required”

“The organization makes its governing documents conflict of interest policy and financial statements available to the public upon request. In addition the organizations Forms 990 are available for public inspection through Guidestar IRS databases.”

“| Explanation:| All officers and directors of the organization serve on a volunteer basis and received no compensation during the year.”

“Effective August 1 2024 our Organization was officially acquired by Boulder Crest Foundation from Bluemont Virginia. In 2024 Eagle Oak Retreat Foundation traded its land building and all program operations to Boulder Crest Foundation. In exchange Boulder Crest Foundation assumed and paid off all outstanding organizational debt which included a bank loan personal loans and credit card obligations. This transaction resulted in a substantial reduction of the Foundations assets and liabilities as reflected in Part X.”

“| Explanation:| Part X Balance Sheet: The large decrease in total assets and liabilities reflects the 2024 transfer of all land buildings and program operations to Boulder Crest Foundation. In exchange Boulder Crest assumed and fully satisfied all outstanding liabilities including bank loans personal loans and credit card debt.”