Angiogenesis Foundation Inc.

“Board members william w. Li and shawna r.c. Li have a family relationship. Board members vincent w. Li and william w. Li have a family relationship.”

“The form 990 is carefully reviewed by the organization's chief operating officer and governing board's treasurer for accuracy and completeness. The executive committee shall review and approve the form 990 prior to submission and ensures that the filing is timely and in compliance with regulatory requirements. Directors receive a copy of the form 990 within 30 business days of submission.”

“The organization has a statement of principles distributed to all directors of the board and staff. Directors annually shall agree to the organization's written conflict of interest policy, and annual complete a disclosure form describing relationships, interests, or situations which might result in or appear to be an actual, apparent, or potential conflict of interest. Disclosure shall be made to the president (or if she or he is the one with the conflict, then to the board chair), who shall determine whether a conflict exists and is material, and if the matters are material, bring them to the attention of the board chair. In the presence of an existing material conflict, a board subcommittee shall deliberate and determine what measures can address the situation at issue or what are alternatives to the proposed transaction; or after exercising due diligence shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction from an entity that would not give rise to a conflict of interest; or if appropriate, whether a contemplated transaction may be authorized as just, fair, and reasonable to the organization. Directors subject to a conflict of interest shall recuse themselves and shall not be present or participate in the deliberations or vote of the qualified directors with respect to such conflict of interest. To ensure the organization operates in a manner free from conflict of interests, periodic reviews shall be conducted. If the board of directors has reasonable cause to believe an already completed transaction involves a possible conflict of interest, the interested person shall be given the opportunity to disclose all material facts to the board subcommittee, whose members, after making further investigation as warranted by the circumstances, shall determine and recommend appropriate corrective action.”

“In determining executive compensation, the compensation committee conducts appropriate due diligence, including collecting and analyzing data from national and local compensation surveys for comparability, shall document the basis for its determination, and makes its recommendation to the board of directors. Executive compensation shall be designed to attract and retain high-caliber executives, ensure pay is fair and equitable, and provide competitive compensation informed by the limits and expected growth of financial resources. The compensation package shall be considered and approved by directors of the board who are unrelated to and not subject to the control of disqualified persons involved in the compensation/transaction. Reasonable compensation shall be determined based upon a minimum of 12 criteria, including the nature of the duties expected of the executive; his/her background and experience; his/her knowledge of the business; the current and projected size, income and earnings of the business; the contribution he/she is expected to make in increasing the organization's income; the time he/she has devoted to the organization; the favorable economic conditions in the u.s.; the time of year the compensation is determined; the relationship and intent of parties; and the amount paid in similar-sized businesses for similar services in similar industries. This process is used to determine compensation for the president and medical director and for the chief operating officer and scientific director. Fair and reasonable shall also drive the process in determining non-executive employee compensation. Compensation shall be linked to experience, skill sets, performance, functional responsiblities, and benchmarked with compensation for similar roles in similar industries using annual published salary surveys. After exercising due diligence, the chief operating officer makes recommendations for regular staff compensation to the president. The components of salary and benefits are listed in the employment package and contract. This process is used to determine compensation for all non-executive staff.”

“The organization makes its required documents, and financial statements available to the public upon request.”

“Volunteers provided services for the following activities: conference staffing, administrative work, internet education planning, design, social media, and marketing.”

“The foundation relies heavily on the receipt of in-kind services and intangible good revenue donations. Per the 990 instructions these in-kind revenues and corresponding program expenses have been eliminated from parts viii and ix of the 990. The following is a list of these in-kind donations: intangible goods - $384,255; contributed services - $269,735 total - $653,990 if these in-kind programmatic expenses had been included in the 990, program expenses would represent 88%, general and administrative expenses would represent 5.5% and fundraising expenses would represent 6.5% of the foundation's total expenses.”