Read Alliance Inc.

“Management and all members of the governing board reviewed the 990 prior to filing with the irs.”

“Read has developed its conflict of interest policy and periodically reviews the policy to ensure that all its directors and officers continue to act in compliance with applicable laws and to deal with all persons doing business with read appropriately. These policies are guidelines to protect read's interests when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the corporation. These policies are intended to supplement but not replace any applicable state laws governing conflicts of interest and permissible activities applicable to nonprofit and charitable corporations. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence and nature of his/her financial interests to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest, the interested person shall leave the board or committee meeting while the financial interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest: a. The executive director of read or the finance committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. B. After exercising due diligence, the executive director or the finance committee shall determine whether read can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. C. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the best interest and for its own benefit and whether the transaction is fair and reasonable to read and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such a determination. Violations of the conflict of interest policy: a. If the executive director or the finance committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B. If, after hearing the response of the member and making such further investigation and may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Each director, officer and member of a committee shall sign a statement which affirms that such person: a. Has received a copy of the conflicts of interest policy b. Has read and understands the policy c. Has agreed to comply with the policy d. Understands that read is a nonprofit organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Read's executive committee determines the compensation for the executive director using data obtained from the 990 of other organizations and a survey conducted by professionals for not-for-profits (pnp). The deliberation and decision is recorded in the minutes of the executive committee. This process was done in july 2013. Salaries paid in fiscal 2015 were covered by the july 2013 evaluation and were only adjusted for cost of living. This process was also done in august 2015 for fiscal 2016 salaries.”

“These documents are available upon request.”

“Program partners consulting: program service expenses 155,684. Management and general expenses 0. Fundraising expenses 0. Total expenses 155,684. Professional fees: program service expenses 26,626. Management and general expenses 37,316. Fundraising expenses 8,361. Total expenses 72,303.”

“The process has not changed from the prior year.”