Saint Francis Foundation

“- nicole prieto and victor prieto have a family relationship - daniella vallurupalli and aneal vvallurupalli have a family relationship”

“A copy of the form 990 has been reviewed by the audit committee and provided to all members of the board of directors to review before filling.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Compliance with the policy is being monitored via yearly questionnaire distributed by the organization.”

“The governance and compensation committees shall review the evaluations and determine the compensation for the president and controller. Reasonable compensation should be determined using comparable data from similar marketplace positions. Minutes of the deliberation and decisions shall be written, approved by the committee, and kept by the president or a confidential file. Compensation of other officers or key employees of the organization is determined by the president and approved by the compensation committee.”

“The financial statements and tax returns are made available on the organization's web-site.”

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

“Change in gift annuity 1,338. Change in value charitable reminder trust -340,777.”

“The foundation reimburses saint francis memorial hospital for wages and related taxes. The hospital incudes the forms w-2 and related payroll taxes in their company reports. The foundation had 7 employess in 2021”

“In connection with the restatement noted in part xi, the foundation now acts as a fiscal agent for saint francis memorial hospital, the funds held on their behalf are recored as a liability on the saint francis foundation financial statements.”

“On january 10, 2023 the internal revenue service announced in ir-2023-03 that victims of the winter storms that took place beginning on january 8, 2023 in california may qualify for tax relief. The relief applies to affected taxpayers in certain counties of california. The announcement indicates that it is applicable to tax-exempt organizations that operate on a fiscal-year basis and had previously been granted an automatic extension to file until may 15, 2023. Since the organization is located in san francisco county and the records necessary to file the 2021 federal form 990 are located in the covered disaster area, the postponed due date for the federal form 990 is now october 16, 2023. The organization respectfully requests relief from any late filing penalty or interest.”