Bedford Research Foundation Inc.

“No committee has the authority to act on behalf of the governing body.”

“Two weeks before filing the 990 form, a copy is given to each board of directors for review and discussion.”

“The organization requires each new key employee, officer or director to review a copy of the Policy on Conflict of Interest and Disclosure of Certain Interests and to acknowledge in writing that he or she has done so. Additionally, each key employee, officer or director, annually complete a disclosure form identifying any relationships, positions or circumstances in which the employee is involved that he or she believes could contribute to a conflict of interest arising.”

“The board of directors establishes the compensation for the Executive Director that are within the range or organizations similar in size and scope of Bedford Research Foundation.”

“Copy of the financial statements and current year changes in the governing documents, conflict of interest policy are attached to the PC Form which is filed in the Secretary of State and available for public inspection. Also, copy of these documents are available at the organizations office at 53 Concord Road, Bedford, MA 01730, for public inspection upon request.”

“The Organizations President and Treasurer have the responsibility to oversight the Review and the selection of the independent accountant.”

“The Organization ceased conducting the Post-Vasectomy Test: The level of activity of this program and the resouces needed to continue the program were considered not material by the board of directors and the organization could provide greater good to the general public by expending those resources into the main program. Prior to 2015, as disclosed on the 2014 990 Tax Form, the Organization provided services to a related organization during prior years. The sole proprietor of this related organization was also the President of Bedford Research Foundation.”

“Market Value appreciation of investments”