Mozilla Foundation

“The investment and audit committees periodically meet in executive session. Although separate meeting minutes are not kept, they report back to the full board where minutes are kept.”

“Several individuals associated with the organization diligently gather and prepare all data and narrative explanations to accurately complete the irs form 990. Several drafts of the form 990 are reviewed and edited by management, officers and its outside counsel and accountants. All directors receive a final copy of the 990 prior to filing.”

“The foundation annually asks board members and key employees to respond to a questionnaire detailing potential conflicts of interest. Individuals are to report any potential conflicts with respect to particular decisions as they arise, and if the board determines that a conflict exists, the conflicted individual does not participate in voting on that decision (and in some cases the foundation may not pursue the transaction at all). While the foundation has not engaged in additional monitoring or enforcement beyond this, it believes its existing mechanisms have been adequate to protect against conflicts of interest affecting the board's decision making.”

“The board of directors determined the executive director's compensation after taking into account assessments of his individual performance and that of the organization as a whole, along with market data about executive compensation at similar organizations drawn from both general surveys and the forms 990 for a set of peer institutions. The executive director and interested parties were absent from the final board discussion, and the determination was ultimately approved during a part of a meeting of the board of directors not including anyone with a conflict of interest regarding the compensation package. The process and the data on which the decision was made is documented in the minutes of the organization.”

“The forms 990, 990-t, and the form 1023 in their original form are available upon request. We also make these forms available online, along with our financial statements and governing documents, except that to protect individual privacy some personal address information is redacted from the version made available online.”

“The foundation transferred its coral and thunderbird projects to other entities. See the explanation for part iii, line 4d below.”

“Foreign exchange gain/(loss) -23,003.”

“Section 1.263(a)-1(f) de minimis safe harbor election : taxpayer is making the de minimis safe harbor election under treas. Reg. 1.263(a)-1(f) for all eligible amounts paid or incurred during the taxable year. Section 1.263(a)-3(n) capitalization election : taxpayer hereby elects to capitalize repair and maintenance costs under treas. Reg. 1.263(a)-3(n). The costs were incurred during the taxable year in the electing taxpayer's trade or business and the electing taxpayer treats such costs as capital expenditures on its books and records.”