The Lenny Zakim Fund C/O Dla Piper LLP

“Joyce, josh, deena and shari zakim, board members, have a family relationship.”

“The finance committee of the governing body reviews the organization's form 990 prior to its filing with the irs.”

“Members of the board of directors are required to disclose any conflict of interest with respect to a contract or transaction at the annual meeting. Prior to board or committee action on a contract or transaction involving a conflict of interest, a director or committee member having a conflict of interest and who is in attendance at the meeting shall disclose all facts material to the conflict of interest. Such disclosure shall be reflected in the minutes of the meeting. A director or committee member who plans not to attend a meeting at which he or she has reason to believe that the board or committee will act on a matter in which the person has a conflict of interest shall disclose to the chair of the meeting all facts material to the conflict of interest. The chair shall report the disclosure at the meeting and the disclosure shall be reflected in the minutes of the meeting. A person who has a conflict of interest shall not participate in or be permitted to hear the board's or committee's discussion of the matter except to disclose material facts and to respond to questions. Such person shall not attempt to exert his or her personal influence with respect to the matter, either at or outside the meeting. A person who has a conflict of interest with respect to a contract or transaction that will be voted on at a meeting shall not be counted in determining the presence of a quorum for purposes of the vote. The person having a conflict of interest may not vote on the contract or transaction and shall not be present in the meeting room when the vote is taken, unless the vote is by secret ballot. Such person's ineligibility to vote shall be reflected in the minutes of the meeting.”

“The process for determining the compensation of all lzf staff includes the review of benchmark data from two third parties (bridgespan group and tsne missionworks) to assess comparable nonprofit employee compensation prior to extending an offer of employment. The approval of reasonable salaries and bonuses is done by the board's executive committee after extensive discussion and deliberation. Projected salaries and bonuses are pre-budgeted each fall and included in the next fiscal year's budget, which is typically voted upon and approved at the annual meeting in december of each year.”

“The organization makes its form 990 and form 1023 available for public inspection as required under section 6104 of the internal revenue code upon request; guidestar.org; mass. Attorney general website -http://www.charities.ago.state.ma.us/charities/ and other similar types of websites.”

“Financial statements, form 990, conflict of interest policy, governance policies and procedures and other appropriate governing documents are available to the public upon request for the same period of disclosure as set forth in section 6104(d). In addition, the organization's form 990 without schedule b is available via guidestar and the massachusetts attorney general's website.”

“The organization did not change either its oversight process of the audit, review, or compilation of its financial statements or selection process for an independent accountant during the tax year.”