Pan-Massachusetts Challenge Inc.

“Delegation of control of management duties pan massachusetts challenge has entered into a management agreement with starrting events, inc. Starrting events, inc. Is a company wholly owned by william starr, executive director, president and board member of pan massachusetts challenge, inc.”

“Process used to review the form 990 paid preparers prepared the return, management consisting of the president, the chairman of the board and the treasurer reviewed a draft of the return and the board viewed the final return before submission for filing.”

“Monitoring & enforcement of conflict of interest policy our conflict of interest policy, which has been approved by the board, is provided to all board members and officers. They are required to complete and sign the policy statement requiring that persons comply with the disclosure requirements and voting and membership prohibitions set in the policy, and they are required to identify and disclose all ownership, investment and compensation interests in entities with which they or immediate family members have a relationship. These disclosures are reviewed by counsel. Our conflict of interest policy addresses duties to disclose financial interests, duty to disclose relationships with certain individuals and entities, and procedures for determining whether a potential conflict of interest exists. Further, if a potential conflict of interest is identified, our policy addresses procedures for presenting the facts, investigation of potential conflicts by a disinterested person or committee, and a decision process to determine if the transaction is in the best interest of the company, for the company's benefit, and fair and reasonable. Our policy defines potential violations of the policy such as failure to disclose. The policy specifies procedures for the maintenance of records relating to identified conflicts of interest, voting prohibitions, and votes by board members.”

“Process for determining compensation the portion of management fee paid to starrting events that represents the compensation to the executive director is reviewed by the compensation committee. Also, a comprehensive independent study by outside consultants is performed reviewing data from comparable organizations. This process is not followed for others because they are employees of starrting events, who sets their compensation. The process has been followed since shortly after the inception of the pan massachusetts challenge, inc.”

“Process for making documents available to public governing documents, conflict of interest policy and financial statements are available upon request.”

“Compensation the base compensation, bonus & incentive compensation, retirement and other deferred compensation, and nontaxable benefits compensation amounts disclosed for william starr and david hellman were paid by an unrelated organization, starrting events. The compensation was disclosed in part vii, section a as if the filing organization paid the compensation based on the form 990 instructions.”

“Reclass of donated services expenses ($3,292,071)”