The Prasad Project Inc.

“The organization's sole member is the syda foundation, a 501(c)(3) tax-exempt church organized under laws of the state of new york.”

“The organization's trustees are elected by the board of directors of its sole member, the syda foundation.”

“Form 990 prepared by paid preparer and sent to prasad project's finance director. The finance director reviews the form and a copy of the form is sent to treasurer and trustee for review. Once the form is reviewed and approved, the form is signed and filed with the internal revenue service.”

“It applies to the board of trustees and staff with significant decision-making authority. Persons covered under this policy, as well as their relatives and associates, are hereinafter referred to as "interested parties." an interested party shall complete the questionnaire attached as appendix a to fully and completely disclose the material facts about any potential conflicts of interest. The disclosure statement and affirmation of compliance (appendix b) shall be submitted upon his/her association with prasad, and shall be reviewed annually thereafter. An additional disclosure statement shall be filed whenever a potential conflict arises. Disclosure statements will be submitted as follows. For trustees, the disclosure statements shall be provided to the chair of the board. The chair's disclosure statement shall be provided to the secretary of the board or its equivalent. Whenever there is reason to believe that a potential conflict of interest exists between prasad and a board trustee, the board of trustees shall determine the appropriate response. This shall include, but not necessarily be limited to, invoking the procedures described below with respect to a specific proposed action, policy or transaction. The designated reviewing official has a responsibility to bring a potential conflict of interest to the attention of the board promptly for action at the next regular meeting of the board or during a special meeting called specifically to review the potential conflict of interest. Where the potential conflict involves an employee of prasad, the board chair shall also be responsible for reviewing the matter and may take appropriate action as necessary to protect the interests of prasad. Where a potential conflict exists between the interests of prasad and an interested party with respect to a specific proposed action, policy or transaction, the board of trustees shall consider the matter during a meeting of the board. Prasad shall refrain from acting until such time as the proposed action, policy or transaction has been approved by the disinterested members of the board of trustees of prasad. The following procedures shall apply: an interested party who has a potential conflict of interest with respect to a proposed action, policy or transaction of the corporation shall not participate in any way in, or be present during, the deliberations and decision-making vote of prasad with respect to such action, policy or transaction. However, as the board deems appropriate in its sole discretion, the interested party may be provided an opportunity to provide factual information about the proposed conflict and/or action, policy or transaction. Also, the board may request that if the board of trustees has reason to believe that an interested party has failed to disclose a potential conflict of interest, it shall inform the person of the basis for such belief and allow the person an opportunity to explain the alleged failure to disclose. If the board decides that the interested party has in fact failed to disclose a possible conflict of interest, the board shall take such disciplinary and corrective action as the board shall determine to be appropriate under the circumstances, including dismissal or termination.”

“Board members are asked to approve salaries and increases for management positions. The executive director is chosen by the board. Her salary is reviewed and compared to others of similar organizations by the board of trustees and she is reviewed by the board annually.”

“All are available upon request.”

“Professional fees/other: program service expenses 52,525. Management and general expenses 688. Fundraising expenses 1,638. Total expenses 54,851.”