Aaem Foundation Inc.

“Aaem foundation contracts with executive director inc. (a for-profit management company to provide office facilities, management, record keeping, accounting, storage, and other significant services, plus related overhead costs.”

“Before the 990 is filed, it is made available to the entire board. The executive committee reviews the return in full detail before filing”

“Corrective measures to conflict of interest policy: it is aaem foundation's perogative, not the disclosing voulnteer leader's, to make determinations regarding corrective measures with respect to "other interests." the governing board or its delegated representatives will do so. Among the corrective measuers available to be recommended are these: 1. Disclosure to the governance body. In most cases, it is expected that the possibility of subjectivity or bias will be sufficiently offset by disclosing the "other interest" to the governance body of which the disclosing voulnteer leader is a member. That governance body will be expected to take the individual's "other interest" into consideration when discussions, debates, or decisions occur in the governance body. Aaem foundation, its governing board, and the voulnteer leader will all have fully dischrged their duties. 2. Recusal. In some instances it may be determined that the avoidance of conflicts of interest, or even the mere appearance of conflicts of interest, will dictate that the disclosing individual should avoid discussions, debates, and decision making on subjects related to the disclosure. The volunteer leader will remain a member of the governance body affected but will withdraw from portions of meetings or activities appropriately. 3. Resignation. There could be situations, expected to be rare, in which the voulnteer leader's "other interest" is so extensive or pervasive that, in the view of aaem foundation's governing board or its representatives, the leader's involvement in discussions, debates, or decision making in the pertinent governing body on any subject will be adversely affected. In that case the leader will be asked to resign. If resignation is not forthcoming, the governing board will decide on alternatives consistent with aaem foundation's bylaws and governing state law.”

“Available upon request or on guidestar.”

“All documents are available upon request.”

“There have been no changes to this process from the prior year.”