The Guardian Foundation Inc-Affiliates

“The guardian foundation, inc. Is the sole member of all the affiliate organizations and has the right to elect the board members of each affiliate organization.”

“The affiliate organizations do not have committees to act on behalf of the governing body.”

“Prior to filing, a draft form 990 is reviewed by senior management. A final draft of form 990 is sent to the board of directors with an indication of an anticipated filing date. The directors are given the opportunity to raise any issues of concern. These issues are discussed and incorporated in the final form 990 as necessary. The form 990 is filed after board approval.”

“The conflict of interest policy is reviewed with the directors annually. The organization monitors transactions and arrangements that could result in a conflict. If evidence suggests a conflict of interest, the organization performs due diligence procedures and determines, by a majority vote of the governing board, whether or not a conflict exists. Outside advisors may be used.”

“The compensation of key management personnel is reviewed at least annually by the respective management companies. The management company may engage an independent compensation consultant experienced in non-profit issues. The consultant provides the management company a report detailing the compensation ranges for each executive position. The management company then evaluates performance of the executives of the organization. The management company implements the salary increases based on their evaluations.”

“The organization does not make its governing documents, conflict of interest policy and financial statements available to the public.”

“Effective january 17, 2020, gregory k. Grove retired as president and ceo of the guardian foundation, inc. The new president and ceo is mark a. Waldrop.”

“Consulting fees: program service expenses 477,461. Management and general expenses 206,598. Fundraising expenses 0. Total expenses 684,059. Medical professionals: program service expenses 11,816,312. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,816,312. Professional fees: program service expenses 0. Management and general expenses 865,907. Fundraising expenses 0. Total expenses 865,907. Collection: program service expenses 0. Management and general expenses 297,055. Fundraising expenses 0. Total expenses 297,055.”

“Separation of guardian center, inc from group filing 2,222,960.”

“The organization's financial statements are audited by an independent accountant. The board of directors assumes responsibility of oversight of the audit and the selection of the independent auditor. There has been no change in the oversight or selection processes.”

“The guardian center, inc chose to file a separate 990 apart from the group filing for the year ended 6.30.2019. The adjustment to net assets is equal to the amount of net assets for this specific entity removed from the group.”