The Ross Institute Inc.

“The Board of Trustees may, by resolution, designate five or more trustees (one of whom shall be the Chairperson of the Board of Trustees) to constitute an Executive Committee, and delegate to the Executive Committee any of the powers and authority of the Board of Trustees in the management of the business and affairs of the Corporation, except for: the amendment or repeal of Bylaws or the adoption of new Bylaws; the amendment or repeal of any resolution of the Board of Trustees that by its express terms is not so amendable or repealable; the filling of vacancies in the Board of Trustees or in any committee; the approval of any transaction in which a trustee or officer has an interest; and the granting of degrees or making removals from office.”

“Courtney Sale Ross, President, and Nicole Ross, Trustee - Family relationship”

“The Form 990 is prepared by an independent CPA firm. A preliminary draft of the Organization's Form 990, including all required schedules, was provided to management. Management reviewed the draft Form 990, consulted with the Organization's accountants and tax return preparers, and took all other measures necessary and appropriate to ensure that the final version of the Form 990 is complete and accurate to the best of their knowledge. A copy of the final version of the Form 990, including all required schedules, was provided to each member of the Organization's Board of Trustees prior to filing with the IRS.”

“Each director, principal officer, and member of a committee with governing board delegated powers signs a conflict of interest statement annually which are reviewed by the officers. If a conflict should arise, the individual shall leave the meeting during discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest.”

“15a - The Compensation Committee approves the Chief Operating Officer's compensation by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The approval process was documented in the minutes. 15b - The Compensation Committee also approves the compensation of other officers and key employees by performing an analysis and utilizing appropriate data as to the comparability of the compensation. The approval process is documented in the minutes.”

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

“Reporting of W-2 wages and benefits Cyril P. Lim, one of the highest compensated employees reported in Form 990, Part VII, spends time working for both Ross Institute and Andco (see disclosure in Sch L, Part IV). The amount reimbursed by Andco for this employee's time is based on the actual hours spent working for the organization. The amounts reported in Part VII, Form 990 reflect the total wages paid to this employee, not just the amounts allocable to Ross Institute.”

“The organization's Audit Committee assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountant. This process has not changed since the prior year.”