Twelve Oaks Foundation

“This 990 was prepared by the accounting department in the home office of be.group. It was reviewed by the controller and the vice president/chief financial officer. The executive committee of the board of directors met on november 10, 2014 for final review prior to filing this form with the proper government authorities. It was made available to each voting member of the board of directors on november 12, 2014 by placing it on an internet portal.”

“Pursuant to company policy hr-101, management employees and board of directors are asked, on an annual basis, to acknowledge and declare any potential conflicts of interest during their employment with be.group by completing the "questionnaire regarding policy on conflict of interest and disclosure of certain interests". This policy is enforced and maintained by the human resources department of the be.group corporate office.”

“A. Compensation for the company's ceo is based on comparability data received from an independent consultant familiar with the compensation practices of similar companies in the nonprofit senior housing and services industry. On an annual basis, the executive committee of the board of directors (in its capacity as compensation committee) reviews and discusses the compensation data with the ceo and others as deemed necessary. When setting compensation for 2013, the board of directors used current comparability data to determine if a salary increase was necessary for the ceo and senior management. Based on those discussions, and pursuant to california law, the executive committee makes a report of the ceo base compensation to the full board. B. Base compensation for the company's senior management is based on comparability data received from an independent consultant familiar with the compensation practices of similar companies in the nonprofit senior housing and services industry. When setting compensation for 2013, the board of directors used current comparability data to determine if a salary increase was necessary for the ceo and senior management. Pursuant to california law the executive committee makes a report of the ceo base compensation to the full board and provides the ceo with recommended ranges in which to adjust the base compensation for the other members of senior management. Seven of eight members of the executive committee and fifteen of sixteen voting members of the board members of the board, are independent persons. Contemporaneous summary minutes of all executive committee meetings are maintained. In addition, based on input from independent consultants, the executive committee, in consultation with the ceo, establishes criteria to be met for purposes of any incentive compensation that might be paid out. See note on schedule j for more information about incentive payments.”

“Our organization makes its financial statements available to the public in several ways. They are available in our annual filing of form 990 which the public can access through the internet at such sites as guidestar.org and foundation center (http://tfcny.fdncenter.org/990s/990search/esearch.php). Also, due to the tax exempt bonds some of our entities have, our financial statements are available from our tax exempt bond issuance documents on emma. Our annual reports and several other documents are available on our company's website at www.thebegroup.org as well as our contact information, which the public can use to obtain our address and phone number to make the request for any of this information by telephone, mail, or email. Be.group and its affiliates does not make our governing documents and conflict of interest policy available to the public.”

“The number of hours for ceo and cfo represent time spent on this organization and all related organizations.”

“All of our board members are are independent volunteers. Our board and its committees met on a quarterly basis, not weekly. Thus, the estimated average hours per week reflected in column b is an attempt to spread out on a weekly basis the estimated amount of time each spent during the year on board or committee matters.”

“Fees for services: program service expenses 414,618. Management and general expenses 51,250. Fundraising expenses 0. Total expenses 465,868.”

“Net assets released from restriction 6,637.”

“During fiscal year 2011, there were no changes by the audit committee in their process of reviewing the audited financial statements or their selection of the independent auditors.”