Franklin Stock Company at Chapel Hall Inc.

“It shall be the policy of the Franklin Stock Company at Chapel Hall, Inc. d/b/a Franklin Stage Company (hereinafter "FSC") to have Form 990 reviewed by its Board of Trustees each year prior to filing with the Internal Revenue Service.Said review can be completed during the course of a regularly scheduled FSC meeting at which a quorum is present. In the event no meeting is scheduled prior to the due date of filing Form 990, the Board of Trustees may review and approve said form electronically with all approvals being forwarded to the Treasurer and/or Executive Director of FSC.”

“Each director, principal officer, and member of a committee with Board delegated powers shall annually sign a statement, which affirms that such person:a)Has received a copy of the Conflict of Interest Policy of the Corporation;b)Has read and understands that Policy;c)Has agreed to comply with that Policy; d)Understands that the Corporation is a charitable 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; ande)Discloses any potential conflicts of interest in writing.On an annual basis, all transactions discussed and identified as Conflicts of Interest will be evaluated by the disinterested persons as to whether the transaction meets the requirements of a fair and reasonable transaction in accordance with the NYS Attorney General's guidance.”

“The Executive Committee must determine before the compensation of any senior officer is changed, that the compensation to be paid to the officer is reasonable. When determining whether an officer's compensation or any change to an officer's compensation is reasonable, the Executive Committee must compare the compensation to be paid to the officer with the compensation paid to the equivalent senior officers from charitable cultural organizations operating in metropolitan areas that have comparable revenues, employees and service populations.The Executive Committee must obtain this comparison data from an expert source or from industry surveys conducted by an independent source. If no independent source is available, the Executive Committee may obtain comparable data by documenting the compensation paid to officers holding similar positions in similar organizations.”

“The board of directors are not compensated.”

“When someone wants a copy of these documents they may submit in writting to the organization or look on the charities bureau website.”