2021-03-22T11:28:29-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2019-07-01 411616861 COMMUNITY REINVESTMENT FUND INC COMM 6123383050 801 NICOLLET MALL 1700W MINNEAPOLIS MN 554022903 JENNIFER ANDERSON PRESIDENT & CFO 6123383050 2021-03-11 1 JOHN TAUER P00294068 6123764500 2021-03-11 2019 2022-09-23 18:48:47Z FRANK ALTMAN 801 NICOLLET MALL 1700W MINNEAPOLIS MN 554022903 53118127 0 X WWW.CRFUSA.COM X 1988 MN TO EMPOWER PEOPLE TO IMPROVE THEIR LIVES AND STRENGTHEN THEIR COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS. 17 16 79 16 1040077 -176025 4399264 17117536 18948530 36000591 0 0 9970 0 23357764 53118127 36000 150000 0 0 8998090 12414366 0 0 771400 12408127 20320681 21442217 32885047 1915547 20233080 121270124 272393749 118257679 250202665 3012445 22191084 TO EMPOWER PEOPLE TO IMPROVE THEIR LIVES AND STRENGTHEN THEIR COMMUNITIES THROUGH INNOVATIVE FINANCIAL SOLUTIONS. 0 0 25006980 150000 33546743 LENDING - AS A NONPROFIT, MISSION DRIVEN ORGANIZATION, COMMUNITY REINVESTMENT FUND (CRF) PROVIDES OTHERWISE UNAVAILABLE LOAN CAPITAL TO COMMUNITIES, SMALL BUSINESSES, ENTREPRENEURS, NONPROFIT ORGANIZATIONS AND HOUSING ORGANIZATIONS. DURING THE FISCAL YEAR 2020, CRF PROVIDED FINANCING TOTALING $189 MILLION IN 11 STATES. THE LOANS PROVIDED BY CRF RESULTING IN THE CREATION OR RETENTION OF MORE THAN 800 JOBS. 1810944 0 1413771 LOAN SERVICING - CRF IS A NATIONAL STANDARD & POOR'S-RATED LOAN SERVICER THAT SPECIALIZES IN PROVIDING HIGH-TOUCH, CUSTOMIZED SERVICE. WITH MORE THAN 20 YEARS OF EXPERIENCE, CRF FOCUSES ON SERVICING NON-TRADITIONAL LOAN PORTFOLIOS AND SERVING MISSION-ALIGNED ORGANIZATIONS. DURING THE 2020 FISCAL YEAR, CRF PROVIDED CONTRACT LOAN SERVICING FOR 59 COMMUNITY DEVELOPMENT LENDERS, REPRESENTING A VOLUME OF APPROXIMATELY 6,800 LOANS TOTALING $731 MILLION. 26817924 1 1 0 1 0 0 0 0 1 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 59 0 79 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA CT FL GA HI KS KY ME MD MA MN MS NH NJ NM NY NC OK OR PA SC TN UT VA WA WV WI AK CO IL ND OH X JENNIFER ANDERSON 6122249586 801 NICOLLET MALL SUITE 1700W MINNEAPOLIS MN 55402 FRANK ALTMAN CEO 40.00 0.00 X 374038 0 20620 GARY HOLMQUIST REGIONAL DIRECTOR OF BUSINESS DEVELOPMENT 40.00 0.00 X 287071 0 31151 JENNIFER ANDERSON PRESIDENT AND CFO 40.00 0.00 X 265000 0 30953 JENNIFER NOVAK SVP CAPITAL MARKETS 40.00 0.00 X 226936 0 32003 KEITH RACHEY SVP AND CHIEF IMPACT OFFICER 40.00 0.00 X 229540 0 20523 NICHOLAS ELDERS SENIOR VP TECHNOLOGY PLATFORMS 40.00 0.00 X 202523 0 30649 MICHELLE PAGE VP LOAN SERVICING 40.00 0.00 X 202048 0 20523 JUDITH JANDRO SVP SMALL BUSINESS LENDING 40.00 0.00 X 208867 0 11536 DANIEL KOMAREK SVP AND CRO 40.00 0.00 X 195000 0 20277 ERIC CHAPIN GENERAL COUNSEL 40.00 0.00 X 183708 0 29791 JENNIFER ERICSON REGIONAL DIRECTOR OF BUSINESS DEVELOPMENT 40.00 0.00 X 186450 0 21901 ERIK MAU PRINCIPAL ARCHITECT 40.00 0.00 X 165743 0 28893 DEBRA MOUNSEY VP OF HUMAN RESOURCES 40.00 0.00 X 164565 0 13899 PETER BERNACIAK VP OF STRUCTURED FINANCE 40.00 0.00 X 153172 0 21279 PATRICK DAVIS VP OF PROGRAM STRATEGY AND DEVELOPMENT 40.00 0.00 X 148574 0 14065 REZA AGHAMIRZADEH CHAIR 1.00 0.00 X X 0 0 0 LUTHER RAGIN JR VICE CHAIR 1.00 0.00 X X 0 0 0 SALLI MARTYNIAK SECRETARY 1.00 0.00 X X 0 0 0 LAURA TRUDEAU SECRETARY 1.00 0.00 X X 0 0 0 EILEEN FITZGERALD TREASURER 1.00 0.00 X X 0 0 0 STEVEN KENT TREASURER 1.00 0.00 X X 0 0 0 DAVID ADAME TRUSTEE 1.00 0.00 X 0 0 0 MICHAEL BANNER TRUSTEE 1.00 0.00 X 0 0 0 GAVIN BOROWIAK TRUSTEE 1.00 0.00 X 0 0 0 TONY BROWN TRUSTEE 1.00 0.00 X 0 0 0 DONET GRAVES TRUSTEE 1.00 0.00 X 0 0 0 CALVIN HOLMES TRUSTEE 1.00 0.00 X 0 0 0 WILLIAM KUGLER TRUSTEE 1.00 0.00 X 0 0 0 KIMBERLY LATTIMER-NELLIGAN TRUSTEE 1.00 0.00 X 0 0 0 WILLIE F LOGAN TRUSTEE 1.00 0.00 X 0 0 0 ANDREW POSNER TRUSTEE 1.00 0.00 X 0 0 0 KATHRYN ROCK TRUSTEE 1.00 0.00 X 0 0 0 DANIEL SPILLER TRUSTEE 1.00 0.00 X 0 0 0 3193235 0 348063 27 0 1 0 MAIN STREET FUNDING GROUP LLC 356 NW ALICE AVE STUART FL 34994 CONSULTING 253194 CLIFTON LARSON ALLEN LLP 200 SOUTH SIXTH ST SUITE 1400 MINNEAPOLIS MN 55402 ACCOUNTING 250185 NOVOGRADIC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 94120 ACCOUNTING 197250 CSTMR LLC 12600 HILL COUNTRY BLVD SUITE R-27 AUSTIN TX 78738 CONSULTING 175150 MARK GAVIN CONSULTING 9006 GOULD ROAD EDEN PRARIE MN 55347 CONSULTING 167634 7 17117536 17117536 LOAN SERVICING TRANSACTION FEES 525990 20607158 20607158 OTHER LENDING INCOME 525990 8007646 8007646 LOAN SERVICING INTEREST INCOME 525990 6345710 6345710 SPARK SOFTWARE SALES 900099 1040077 1040077 36000591 53118127 34960514 1040077 0 X 150000 150000 3008790 1815646 882856 310288 7734055 5239816 2194821 299418 1033122 723185 268612 41325 638399 436684 171912 29803 675495 342175 333320 314660 314660 4528518 3825983 655475 47060 390041 343540 46501 34773 12653 20629 1491 218736 156103 55937 6696 299661 205162 83045 11454 250512 188497 58169 3846 5297453 5297453 364189 302078 54582 7529 200765 102319 91434 7012 PROVISION FOR LOAN LOSS 5886022 5886022 ALLOWANCE FOR RECEIVABL 839664 839664 AMORTIZATION OF SERVICI 545563 545563 REFERRAL FEES 275259 275259 199370 130122 63770 5478 32885047 26817924 5295723 771400 26161034 46063259 628167 441447 564467 20748175 85376204 197201397 7539503 6598713 938516 940790 1406196 1406196 6195540 5592485 121270124 272393749 9696399 19160087 10694729 9077234 140059009 97866551 81906335 118257679 250202665 X 1329646 17308643 1682799 4882441 3012445 22191084 121270124 272393749 X 20233080 75980 -1130421 X 0 1 X 1 1 1 X X 12 LOW INCOME INVESTMENT FUND 942952578 7 0 0 0 LOS ANGELES LDC INC 953532380 10 0 0 0 FORWARD COMMUNITY INVESTMENTS INC 391815578 7 0 0 0 NEIGHBORHOOD LENDING PARNTERS 010581489 10 0 0 0 CHICAGO COMMUNITY LOAN FUND 363762123 7 0 0 0 STEWARD OF AFFORDABLE HOUSING FOR THE FUTURE 061697213 7 0 0 0 TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION 942761808 10 0 0 0 INVEST DETROIT FOUNDATION 271927369 7 0 0 0 CHICANOS POR LA CAUSA 860227210 7 0 0 0 CAPITAL GOOD FUND 800348382 10 0 0 0 MILWAUKEE COMMUNITY BUSINESS COLLABORATIVE INC 463689224 7 0 0 0 OPA-LOCKA COMMUNITY DEVELOPMENT CORPORATION 592106635 7 0 0 0 12 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION A, LINE 1 ORGANIZATIONS LISTED IN GOVERNING DOCUMENTS: CRF IS A NOT-FOR-PROFIT FINANCIAL SERVICES CORPORATION THAT PROVIDES SERVICES AND NEW LOAN CAPITAL FOR COMMUNITY BASED DEVELOPMENT ORGANIZATIONS, INCLUDING 501(C)3 ENTITIES AND GOVERNMENTAL ENTITIES. CRF SUPPORTS A CLASS OF BENEFICIARY ORGANIZATIONS THAT INCLUDE SECTION 501(C)(3) LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS AND UNITS OF FEDERAL, STATE, COUNTY OR MUNICIPAL GOVERNMENT, OR DULY CONSTITUTED AGENCIES THEREOF THAT FOCUS THEIR LENDING ACTIVITIES AT ECONOMICALLY DISTRESSED OR DECLINING AREAS, DISADVANTAGED PERSONS, NEIGHBORHOOD OR COMMUNITY REVITALIZATION, OR OTHER SECTION 501(C)(3) CHARITABLE PURPOSES AND THAT ARE CLASSIFIED AS SECTION 509(A)(1) OR (2) ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. THE GOVERNING INSTRUMENTS OF THE ORGANIZATION PROVIDE THAT ITS SUPPORTED ORGANIZATIONS INCLUDE LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS THAT ARE CLASSIFIED AS PUBLIC CHARITIES AND GOVERNMENTAL UNITS. PART IV, SECTION A, LINE 5A SUPPORTED ORGANIZATIONS LISTING: THE FOLLOWING ORGANIZATIONS WERE ADDED FROM THE REPORTABLE LIST OF SUPPORTED ORGANIZATIONS FOR PURPOSES OF SCHEDULE A: NEIGHBORHOOD LENDING PARTNERS INC.: 01-0581489, A REPRESENTATIVE OF THE SUPPORTED ORGANIZATION IS ON THE BOARD OF TRUSTEES OF COMMUNITY REINVESTMENT FUND. TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION: 94-2761808, A REPRESENTATIVE OF THE SUPPORTED ORGANIZATION IS ON THE BOARD OF TRUSTEES OF COMMUNITY REINVESTMENT FUND. THE FOLLOWING ORGANIZATIONS WERE REMOVED FROM THE REPORTABLE LIST OF SUPPORTED ORGANIZATIONS FOR PURPOSES OF SCHEDULE A: GREATER METROPOLITAN HOUSING CORPORATION: 41-0968007, BOARD MEMBER LEFT THAT WAS AFFILIATED WITH THIS SUPPORTED ORGANIZATION LIFTFUND INC.: 74-2712770, BOARD MEMBER LEFT THAT WAS AFFILIATED WITH THIS SUPPORTED ORGANIZATION WAR ON POVERTY - FLORIDA, INC.: 20-8631269, BOARD MEMBER LEFT THAT WAS AFFILIATED WITH THIS SUPPORTED ORGANIZATION PART IV, SECTION C, LINE 1 ORGANIZATIONS LISTED IN GOVERNING DOCUMENTS: THE GOVERNING INSTRUMENTS OF THE ORGANIZATION REQUIRE THAT A MAJORITY OF ITS TRUSTEES SHALL BE REPRESENTATIVES OF SUPPORTED ORGANIZATIONS. THE ORGANIZATION SERVES A CLASS OF SUPPORTED ORGANIZATIONS AS DESCRIBED ABOVE. THE ORGANIZATION IS CONTROLLED BY THE ORGANIZATIONS IT SUPPORTS SINCE THE MAJORITY OF THE ORGANIZATION'S TRUSTEES ARE REPRESENTATIVES OF ITS SUPPORTED ORGANIZATIONS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 1 63000 63000 0 PART II-B, LINE 1: DESCRIPTION OF LOBBYING ACTIVITIES: CRF HAS PAID A CONSULTING FIRM TO ASSIST WITH WORK IN CONGRESS FOR THE CONTINUED ADVOCACY FOR THE NEW MARKETS TAX CREDIT PROGRAM, BOND GUARANTEE PROGRAM, AND OTHER PROGRAMS THAT BENEFIT THE CDFI INDUSTRY. 0 1 X 625452 262836 362616 2317000 1899291 417709 4597051 4436586 160465 940790 X PART IV, LINE 2B: THE ESCROW LIABILITY ON BALANCE SHEET REPRESENTS FUNDS HELD IN TRUST FOR BORROWERS. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT CRF IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. SIMILAR EXEMPTIONS EXIST UNDER MINNESOTA STATUTES. NNMTCF, A FOR-PROFIT SUBSIDIARY OF CRF, FILES TAX RETURNS AS A FOR-PROFIT ENTITY; HOWEVER, ITS CURRENT ACTIVITIES HAVE NOT GENERATED TAXABLE INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 WEST BROADWAY BUSINESS AND AREA COALITION 1011 WEST BROADWAY AVE N MINNEAPOLIS MN 55411 411985423 501(C)(3) 50000 0 N/A N/A GENERAL SUPPORT LAKE STREET COUNCIL PO BOX 7091 MINNEAPOLIS MN 55407 410975738 501(C)(3) 50000 0 N/A N/A GENERAL SUPPORT LATINO ECONOMIC DEVELOPMENT CENTER 804 MARGARET STREET ST PAUL MN 55106 510467167 501(C)(3) 50000 0 N/A N/A GENERAL SUPPORT 3 0 X X 0 0 0 0 0 0 0 1 0 FRANK ALTMAN CEO 339000 0 35000 0 38 0 14000 0 6620 0 394658 0 394658 0 GARY HOLMQUIST REGIONAL DIRECTOR OF BUSINESS DEVELO 122400 0 162944 0 1727 0 10628 0 20523 0 318222 0 318222 0 JENNIFER ANDERSON PRESIDENT AND CFO 265000 0 0 0 0 0 13250 0 17703 0 295953 0 295953 0 JENNIFER NOVAK SVP CAPITAL MARKETS 226000 0 0 0 936 0 11480 0 20523 0 258939 0 258939 0 KEITH RACHEY SVP AND CHIEF IMPACT OFFICER 229000 0 0 0 540 0 0 0 20523 0 250063 0 250063 0 NICHOLAS ELDERS SENIOR VP TECHNOLOGY PLATFORMS 201000 0 0 0 1523 0 10126 0 20523 0 233172 0 233172 0 MICHELLE PAGE VP LOAN SERVICING 201000 0 0 0 1048 0 0 0 20523 0 222571 0 222571 0 JUDITH JANDRO SVP SMALL BUSINESS LENDING 207060 0 0 0 1807 0 0 0 11536 0 220403 0 220403 0 DANIEL KOMAREK SVP AND CRO 195000 0 0 0 0 0 6375 0 13902 0 215277 0 215277 0 ERIC CHAPIN GENERAL COUNSEL 183000 0 0 0 708 0 9268 0 20523 0 213499 0 213499 0 JENNIFER ERICSON REGIONAL DIRECTOR OF BUSINESS DEVELO 119646 0 65976 0 828 0 9323 0 12578 0 208351 0 208351 0 ERIK MAU PRINCIPAL ARCHITECT 165000 0 0 0 743 0 8370 0 20523 0 194636 0 194636 0 DEBRA MOUNSEY VP OF HUMAN RESOURCES 164000 0 0 0 565 0 7279 0 6620 0 178464 0 178464 0 PETER BERNACIAK VP OF STRUCTURED FINANCE 151000 0 0 0 2172 0 7377 0 13902 0 174451 0 174451 0 PATRICK DAVIS VP OF PROGRAM STRATEGY AND DEVELOPME 147500 0 0 0 1074 0 7445 0 6620 0 162639 0 162639 0 PART I, LINE 7 CRF PAYS COMMISSIONS TO CERTAIN EMPLOYEES, WHICH MAY INCLUDE SOME HIGHLY COMPENSATED INDIVIDUALS LISTED ON FORM 990, PART VII. ADDITIONALLY, CRF PAYS INCENTIVE COMPENSATION TO MANAGEMENT AND STAFF IN ACCORDANCE WITH ITS COMPENSATION PLAN, WHICH MAY INCLUDE SOME HIGHLY COMPENSATED INDIVIDUALS LISTED ON FORM 990, PART VII. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE (COMMITTEE) CONSISTING OF AT LEAST FIVE PERSONS APPOINTED BY THE BOARD OF TRUSTEES (BOARD) FROM ITS RANKS; AND THE BYLAWS ALSO PROVIDE THAT THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER AND AUTHORITY AS MAY BE DELEGATED TO IT BY THE BOARD OF TRUSTEES. THE COMMITTEE SHALL BE COMPRISED OF THE FOLLOWING BOARD OFFICERS: CHAIRPERSON, VICE CHAIRPERSON, SECRETARY, TREASURER, CHIEF EXECUTIVE OFFICER, AND THE CHAIRS OF THE AUDIT COMMITTEE, CREDIT POLICY AND ENTERPRISE RISK MANAGEMENT COMMITTEE, DEVELOPMENT COMMITTEE, AND FINANCE COMMITTEE. BOARD OFFICERS MAY BE BOTH AN OFFICER AND THE CHAIR OF A COMMITTEE. THE BOARD CHAIRPERSON SHALL BE THE CHAIRPERSON OF THE COMMITTEE. THE CHAIRPERSON SHALL PRESIDE AT MEETING OF THE COMMITTEE AND MAY INVITE VARIOUS OFFICERS OF CRF TO PARTICIPATE OR PROVIDE REPORTS ON AN OCCASIONAL OR STANDING BASIS TO THE COMMITTEE. THE COMMITTEE SHALL EXERCISE THE POWER AND AUTHORITY AS DELEGATED BY THE BOARD. AS PART OF THE COMMITTEE'S DELEGATED AUTHORITY TO SET THE COMPENSATION AND REVIEW THE PERFORMANCE OF THE CEO AND SUCH OTHER OFFICERS AS IT DEEMS APPROPRIATE, THE COMMITTEE IS RESPONSIBLE FOR SETTING THE INCENTIVE POOL THROUGH ITS REVIEW OF THE PERFORMANCE OF THE CEO IN ACCORDANCE WITH CRF'S COMPENSATION POLICY. FORM 990, PART VI, SECTION A, LINE 7A SUBSEQUENT TO THE INITIAL BOARD OF TRUSTEES, A MAJORITY OF THE BOARD SHALL CONSIST OF INDIVIDUALS APPOINTED OR ELECTED BY BENEFICIARY ORGANIZATIONS. AS PROVIDED IN THE ARTICLES OF INCORPORATION, THE CLASS OF BENEFICIARY ORGANIZATION SUPPORTED BY THE CORPORATION IS LIMITED TO LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS AND UNITS OF FEDERAL, STATE, COUNTY OR MUNICIPAL GOVERNMENT, OR DULY CONSTITUTED AGENCIES THEREOF, THAT FOCUS THEIR LENDING ACTIVITIES AT ECONOMICALLY DISTRESSED OR DECLINING AREAS, DISADVANTAGED PERSONS, NEIGHBORHOOD OR COMMUNITY REVITALIZATION, OR OTHER SECTION 501(C)(3) CHARITABLE PURPOSES AND THAT ARE CLASSIFIED AS SECTION 509(A)(1) OR (2) ORGANIZATIONS UNDER THE INTERNAL REVENUE CODE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED IN DETAIL BY SENIOR MANAGEMENT BEFORE FILING WITH THE IRS. A FINAL COPY OF THE RETURN IS SENT TO THE BOARD FOR A HIGH LEVEL REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BECAUSE CRF IS A 509(A)(3) SUPPORTING ORGANIZATION, A MAJORITY OF THE GOVERNING BOARD COULD QUALIFY AS POTENTIAL CLIENTS. THE BOARD HAS CHOSEN NOT TO REVIEW INDIVIDUAL LOANS. AS A RESULT, THERE IS NO LONGER A POTENTIAL CONFLICT ISSUE IN THAT AREA. CERTAIN TRUSTEES ARE AFFILIATED WITH FINANCIAL INSTITUTIONS THAT MAY BE INVOLVED WITH A CRF TRANSACTION, AND IN THOSE CASES, THE TRUSTEE ABSTAINS FROM ANY RELATED VOTE. ALL TRUSTEES ARE COVERED UNDER THE CONFLICT OF INTEREST POLICY. ALL EMPLOYEES ARE ALSO COVERED UNDER A CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS SOON AS POSSIBLE. TRUSTEE ANNUALLY AFFIRM CONFLICT OF INTEREST POLICY AND DUTY TO DISCLOSE AT EACH BOARD MEETING IF SUBJECT OF DISCUSSION OR DECISION IS POTENTIAL CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD HAS APPROVED A COMPENSATION POLICY TO SET THE FRAMEWORK FOR EXECUTIVE AND STAFF COMPENSATION BASED ON A STUDY PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT. THE EXECUTIVE COMMITTEE OF BOARD APPROVES COMPENSATION FOR THE CEO BASED ON A COMPENSATION STUDY. THE EXECUTIVE COMMITTEE REVIEWS A COMPENSATION STUDY FOR SENIOR EXECUTIVES. THE MOST RECENT EXECUTIVE COMPENSATION STUDY WAS COMPLETED DURING FISCAL YEAR 2017. THE CEO APPROVES COMPENSATION FOR OTHER EXECUTIVE OFFICERS IN ACCORDANCE WITH THE COMPENSATION POLICY. COMPENSATION DECISIONS ARE DOCUMENTED WITH THE HUMAN RESOURCES DEPARTMENT. HUMAN RESOURCES WORKED WITH THE CEO, PRESIDENT AND A THIRD PARTY CONSULTANT TO BENCHMARK EMPLOYEE COMPENSATION TO INDUSTRY STANDARDS DURING FISCAL YEAR 2019. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PPP AGENT FEES: PROGRAM SERVICE EXPENSES 1,835,039. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,835,039. TEMPORARY CONTRACTORS: PROGRAM SERVICE EXPENSES 777,550. MANAGEMENT AND GENERAL EXPENSES 99,961. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 877,511. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 1,213,394. MANAGEMENT AND GENERAL EXPENSES 555,514. FUNDRAISING EXPENSES 47,060. TOTAL EXPENSES 1,815,968. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING POLICY -101,176. RETURN OF RESTRICTED GRANT REVENUE -1,000,000. CHANGE IN VALUE OF LCOM -29,245. 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