Tulsa Educare Inc.

“Tulsa educare, inc. (tei) entered into an agency relationship with the bank of oklahoma (bok), n.a. To provide account services to tei. This relationship can be contractually terminated by the board at any time. (george kaiser is chairman of bok financial corp. Chet cadiuex is a director of bok financial corp. Frederic dorwart is general counsel of and secretary to the board of directors of bok financial corp. And its wholly-owned subsidiary, bank of oklahoma, national association. George kaiser owns approximately 64% of the common stock of bok financial corp.) frederic dorwart is one of the four directors of the bokf foundation, a supporting organization of tulsa community foundation. Frederic dorwart is one of the twenty-six trustees of tulsa community foundation. Tulsa educare, inc. Is a supporting organization of tulsa community foundation. Frederic dorwart and phil frohlich are two of the five directors of george kaiser family foundation, a supporting organization of tulsa community foundation. Frederic dorwart and phil frohlich are two of the eight directors of tulsa beautification foundation, a supporting organization of tulsa community foundation. George kaiser and don millican are employees of kaiser-francis oil company.”

“Tulsa community foundation has the right to appoint a simple majority of board members of the organization. The remaining board members are to be appointed by george b. Kaiser.”

“The 990 is provided to the board at either a meeting or electronically prior to filing with the internal revenue service.”

“The conflict of interest policy is reviewed and confirmed at a board meeting on an annual basis. A director or employee who believes that they may be perceived as having a conflict of interest in a discussion or decision must disclose that conflict to the group making the decision. Individuals with a conflict of interest shall abstain from participating in, discussing, or voting on the resolution, unless their discussion is requested by the remaining members of the board.”

“The executive director's compensation is set by the executive committee of the board of directors based on wage comparability surveys. This process was last conducted for the executive director in april 2011. Other key staff compensation is set using guidelines determined by the board president and executive director based on wage comparability surveys. This process was last conducted for key staff in august 2013. Any cost of living adjustments and/or employee performance increase parameters are established by the board of directors during the annual budget approval process.”

“The organizaton makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”