Angiogenesis Foundation Inc.

“Board members william w. Li and shawna c. Li have a family relationship. Board members william w. Li and vincent 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 shall agree to the organization's written conflict of interest policy, and asked to 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.”

“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 responsibilities, 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 foundation makes its required documents, and financial statements available upon request.”

“Program consultants: program service expenses 370,394. Management and general expenses 0. Fundraising expenses 0. Total expenses 370,394.”

“The foundation has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the previous year.”