Usta Foundation Incorporated

“The united states tennis association ("usta") is the sole member of usta foundation and is authorized to elect up to 20% of the total number of directors of usta foundation. Pursuant to the bylaws of usta foundation, the sole member has the right to remove directors with or without cause, to fill vacancies in the board of directors, and to amend the certificate of incorporation and the bylaws of usta foundation. In addition, the sole member has the right to approve or ratify certain decisions of the board of directors of usta foundation (such as the decision to merge or dissolve) pursuant to the new york not-for-profit corporation law.”

“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. The form 990 was reviewed in detail by management. After review, the form 990 is presented to and reviewed by the audit committee. The form 990 is also distributed to the full board of directors prior to filing with the irs.”

“The conflict of interest policy is distributed to officers, directors, and key employees prior to appointment or employment and annually thereafter along with a questionnaire that is completed by all officers and directors in which they are asked specific questions and disclose information regarding actual or potential conflicts between usta foundation and themselves or certain related parties (as defined in the instructions to the form 990). These questionnaires are collected and reviewed annually to ensure compliance with the conflict of interest policy. The policy itself also requires any director or officer to promptly disclose any conflict. Interested directors and officers are required to recuse themselves from any decision on matters in which they have an interest, and such recusal is noted in the minutes.”

“Usta foundation, inc. Does not compensate its executive director nor any of its officers. However, if it were to compensate its executive director or any officers it would put into place a process for determining compensation that would include review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision. For related entity disclosures refer to the related entity 990 for a description of the compensation review.”

“The public can obtain the organization's form 990 and its audited financial statements on the organization's website or upon request. In addition, the bylaws, conflict of interest policy and retention policies are available upon request from the organization.”

“Ginny ehrlich, executive director, was paid exclusively by the usta, a related 501(c)(6) organization. Her w-2 was issued by the usta.”

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