Bob Belloni Ranch Inc.

“When the 990 is received from the auditor, it is sent to the treasurrer of the board of directors for review. In addition, it is reviewed by the chairman of the board of directors with the executive director. The chairman and treasurer confer prior to the monthly board meeting to discuss the report. The report is presented by the treasurer to the board of directors with a recommendation. Upon an affirmative vote of majority, the chairman is authorized to sign the document for filing with the internal revenue service.”

“Annually, the chairman of the board of directors affirms the conflict of interest policy and reminds directors of their obligation to report in writing according to the policy. In addition to the board of directors, the chairman affirms the policy to the executive director at the annual performance evaluation, and also reminds them of reporting procedures. With a disclosure of a conflict, the board of directors will convene to investigate the conflict and the transaction will be authorized, approved, or ratified if it receives the affirmative vote of a majority of directors.”

“Comparability data provided by the oregon alliance of children programs was reviewed for the executive director. Available funding determined the salary level. Other officers or key employees - comparability data provided by the oregon alliance of children programs was reviewed. Available funding determined the salary level. With current compensation levels for service rendered by the 501c3, compensation levels for our executive director and staff are 27% under funded compared to market value. However, compensation levels are consistent with other 501c3 organizations with similar characteristics.”

“All documents are available for public inspection upon request at the administrative offices.”

“The following changes were made to the revenues to the financial statements: 1. Program service revenue were changed to 2,115,771 from 2,112,460 due to amounts released from restriction. 2. Investment income was changed to 990 from 551 due to new information. 3. Other income was changed to 5585 from 5400 due to new information. Therefore, total revenue became 2,151,677 instead of 2,147,742. Expenses were changed as follows: 1. Program services became 1,934,448 instead of 1,915,676 due to accrued vacation, prepaid expense and released from restriction adjustment inadvertantly omitted. 2. Management and general became 226,121 instead of 223,540. Total expenses were 2,160,569 instead of 2,139,216. The excess of revenues over expenses was (8892) versus the 8526 previously reported. Net assets where changed as follows: 1. Assets were changed to 1,858,989 from 1,865,130. 2. Liabilities were changed to 150,431 from 139,154 3. Net assets were changed to 1,708,558 from 1,725,976.”

“Independent living - provided skills & training to adolescents to live independently. Youth investment - provided outpatient family and youth counseling.”