| FORM 990, PART VI, SECTION a, line 4 |
The organization amended its bylaws during the tax year ending September 30, 2018 to reflect that the Fedcap Group, a newly established Section 501(c)(3) public charity is the organization's sole member. Form 990, Part VI, Line 6 FedCap Rehabilitation Services, Inc. sole member is the Fedcap Group, Inc. FORM 990, PART VI, SECTION A, LINE 7A: THE ORGANIZATION'S Bylaws reserve the power to the SOLE MEMBER to APPOINT, REPLACE or REMOVE the BOARD OF DIRECTORS (for any reason at any time). FORM 990, PART VI, SECTION A, LINE 7B: CERTAIN ACTS OF THE ORGANIZATION MUST ALSO BE APPROVED BY AFFIRMATIVE VOTE OF 2/3 OF THE BOARD MEMBERS OF THE SOLE MEMBER, INCLUDING, the POWER TO: - amend, restate, or revoke its Certificate of Incorporation or its Bylaws; - permit or approve its merger or consolidation with or into any other entity or permit or approve its conversion into another form of entity; - adopt a budget or make a material change to an existing budget; - divest itself of any line of business, or any other business entity, owned or controlled by it; - permit or approve the filing by it of a petition for bankruptcy or the appointment by it of a receiver or commencement of any other insolvency or reorganization proceeding involving it or any of its assets; - permit or approve its entering into of any guaranty or surety arrangement for the benefit of any other entity; - permit or approve the sale of all or substantially all or any material part of its assets; - commence a lawsuit or other legal proceeding against any person; - admit a new member; - permit or approve the acquisition of any business or entity; (m) permit or approve the incurring of any indebtedness for borrowed money; or - lease, sublease, acquire, sell or otherwise engage in a real property transaction FORM 990, PART VI, SECTION B POLICIES Line 11 - The Form 990 was prepared by an independent accounting firm in conjunction with Fedcap's financial department. The Form 990 was reviewed by Senior management and distributed to the Full Board of Directors for their review and comment before it was electronically filed with the Internal Revenue Service. A full copy of the 990 was provided to the full board before filing for their review and comment. LINE 12 - Fedcap has implemented a robust conflict of interest and pecuniary benefit transaction policy that requires all officers, directors, and key employees to exercise prudence and an unbending duty of loyalty when administering to the affairs of the organization. EACH MEMBER OF THE BOARD OF DIRECTORS is required to affirm annually that he or she does not have a conflict of interest with the organization by completing an annual questionnaire disclosing any potential conflicts of interest. Transactions with related parties may only be undertaken if the individual: 1. Fully Discloses the transaction 2. The officer, director or key employee recused him or herself from the discussion and approval of such transaction. 3. The Board has determined, by affirmative vote of all disinterested Directors, that the transaction is in the best interest of Fedcap Rehabilitation Services, Inc. VIOLATION OF THE POLICY WILL SUBJECT AN EMPLOYEE TO DISCIPLINARY ACTION OR IMMEDIATE DISCHARGE. EMPLOYEES WHO HAVE KNOWLEDGE OR SUSPICION OF IMPROPER CONDUCT OR ACTIVITIES BY OTHER EMPLOYEES OR OUTSIDE PARTIES DOING BUSINESS WITH FEDCAP, ARE EXPECTED TO IMMEDIATELY BRING IT TO THE ATTENTION OF THE CEO OR DIRECTOR OF HUMAN RESOURCES. LINE 15 - FEDCAP undertakes a thorough process annually to ensure that the executive compensation it pays to its top management official and all of the officers and key employees of the organization is reasonable given the market in which it operates. In relevant part, the Board of Directors has established a Compensation Committee of independent persons that have no personal interest in the proposed compensation agreement. In determining the President's compensation package, the compensation committee conducts an analysis of industry comparables for individuals performing similar job functions. The Compensation committee ultimately makes the decisions about the President's compensation and memorializes its decision in the Board Minutes.its decision in the Board Minutes. |
| FORM 990, PART VI, SECTION c |
Disclosure LINE 19 - FEDCAP MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS, LIKEWISE, PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. FEDCAPS ANNUAL REPORT AND FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.FEDCAP.ORG. FEDCAPS CONFLICT OF INTEREST POLICY, CODE OF ETHICS AND WHISTLEBLOWER POLICIES ARE AVAILABLE, AS WELL AS ITS GOVERNING DOCUMENTS, ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENTS DISCRETION. |
Attach to Form 990 or 990-EZ.