Fh Canada

“Board of Directors' term of service was extended from 2 three year terms to 3 three year terms to create more continuity and benefit from experience of board members.”

“As a Canadian registered charity FH Canada is registered as a not-for-profit corporation with members. There are no classes of members. At present the only members are the Board of Directors.”

“FH Canada's primary registration is with Canada Revenue Agency. The form T3010 is available to the public on the CRA website. The registration with the IRS is secondary. The Board of Directors has delegated responsibility to complete and submit Form 990 to the Controller.”

“Form 990 is completed by the Controller and is reviewed by the Senior Director of Operations before filing. The Board of Directors has delegated the responsibility for filing Form 990 to the Controller.”

“Each Director of the Board and Senior Leadership Team member sign a conflict of interest statement annually. Approval of expenses would bring to light any possible conflict of interest at which time the Senior Leadership Team would address the conflict.”

“The CEO's and Senior Leadership Team's compensation are presented to the board as part of the annual budget for approval. A CEO compensation review was undertaken two years ago by an independent consulting firm reporting to the Board of Directors. All other staff compensation is reviewed annually as part of the budget process. In the last year a salary matrix was created to provide guidance and equity for salary offers and increases. It was compiled with research from several salary surveys compiled by a contracted HR professional and the Senior Director of Operations.”

“The governing documents are available to the public on the website of Corporations Canada with whom the organization is federally registered as a corporation under the Canada Not-for-Profit Corporations Act. The conflict of interest policy is available on request and the audited financial statements are posted on the organization's website.”

“| Explanation:| 2022 was a year of transition and restructuring for the Finance Department. Hugo Prigge CFO left the organization in May. Karen Koster was hired in May as Controller and assumed all the CFO responsibilities until December when Ben Svehla was hired as the Senior Director of Operations effectively COO at which time he assumed the higher level CFO responsibilities.”

“| Description:, Explanation:, Amount:| unrealized exchg loss $30,251 realized exchg gain -$12,440 exchg diffs from last year to this year on this report 25,262, see description, $-43073|”

“| Explanation:| As this references to Part V line 2a which specifies the number reported on W3 form filed we had to answer zero as we do not have any employees in the USA. In Canada we have 25 employees .”