Himalayan Cataract Project Inc.

“The form 990 was prepared by the outside accountants and reviewed by senior management. The form was then circulated to the full board for review and approval prior to finalizing and filing.”

“Interested persons review and sign the conflict of interest policy annually. In connection with any actual or possible conflict of interest, an interested person discloses the existence of the financial interest and is given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“Ceo compensation for fy20 did not change from fy19.in may 2019, the nominating & governance committee reviewed compatibility data on ceo compensation. Pursuant to the organization's compensation policy for officers, directors, and key employees, the nominating and governance committee, a committee of the board of directors, utilizes comparability information in its review and approval of compensation.”

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

“On april 17, 2020, hcp received loan proceeds in the amount of $337,092 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first six months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note may be forgiven by the small business administration in whole or in part. Hcp intends to use the proceeds for purposes consistent with the paycheck protection program and believes that its use of the loan proceeds will meet the conditions for forgiveness of the loan. Subsequent to year-end, the loan was forgiven, and accordingly, hcp will record revenue from debt extinguishments during the year ending december 31, 2021. During the current year, on june 29, 2020, hcp executed the standard loan documents required for securing a loan (the "eidl loan") from the sba under its economic injury disaster loan ("eidl") assistance program in light of the impact of the covid-19 pandemic on hcp's operations. Pursuant to the agreement, the principal amount of the eidl loan was up to $150,000, with proceeds to be used for operational purposes. During the current year, the full amount of the maximum principal allowed under the agreement was disbursed to hcp. This loan was paid in full as of december 31, 2020, therefore no further repayment or terms remain on the loan agreement.”