Florida Lambdarail LLC

“There are 12 member institutions.”

“Board members are elected in staggered three year terms by majority vote of the organization's members.”

“Consent ratification and approval by a majority of directors is required in order to constitute an action from the board of directors.”

“Form 990 and accompanying schedules are prepared by an independent accounting firm. The completed 990 and accompanying schedules are placed on the corporate private website and all board members are invited to review and comment prior to filling the return. All questions and issues are resolved with the independent accounting firm prior to filing with the internal revenue service center.”

“The board of directors and key personnel are required to review and confirm conflict of interest policy compliance once a year at the august board meeting. All known or potential conflicts are resolved with the chairman of the board.”

“Ceo and other officers' salaries are compared to similar organizations in the geographical area. Cfo salary is compared with published salary data from accounting organizations citing other not-for-profits in the region with financial similarities.”

“The organization makes its governing documents, conflict of interest policy and three most current years of forms 990 available to the public upon written request.”

“All payroll, human resources, and employee benefits are provided by contract through third party providers.”

“Florida lambdarail has no employees. All personnel services, including payroll, are provided by contract through third party providers.”

“Network operation center: program service expenses 872,738. Management and general expenses 0. Fundraising expenses 0. Total expenses 872,738.”

“The information reported on these lines is based on contracted service agreements with third party providers.”

“Network operation service centers - paid to the university of florida and reported as payments to independent contractors.”

“Taxpayer name: florida lambdarail llc taxpayer address: 1607 village square blvd suite 4, tallahassee, fl 32309 taxpayer id number: 20-0377087 year-end: 06/30/2021 under irc regulation section 1.263(a)-1(f), the taxpayer hereby elects to apply the de minimis safe harbor election.”