Nyaya Health a Nonprofit Corporation

“This organization utilizes the services of a professional employer organization ("peo"). The peo acts as a leasing company and hires this organization's employees, and thus becomes their employer of record for tax and insurance purposes. All forms w-2 are filed under the peo's federal employer identification number. In accordance with internal revenue service form 990 instructions this organization treats the leased employees of the peo as the organization's own employees. Additionally, this organization pays a service fee to the peo for the performance of the human resource and payroll service function on behalf of this organization.”

“As defined in the organization's bylaws, its governing body (the board of directors) shall be self-perpetuating. Each successor to a director whose term has expired or will expire before the next quarterly meeting of the board of directors shall be elected by the affirmative vote of a majority of the board of directors who are then serving on the board.”

“As defined in the organization's bylaws, its governing body (the board of directors) shall be self-perpetuating. Each successor to a director whose term has expired or will expire before the next quarterly meeting of the board of directors shall be elected by the affirmative vote of a majority of the board of directors who are then serving on the board.”

“As defined in the organization's bylaws, its governing body (the board of directors) shall be self-perpetuating. Each successor to a director whose term has expired or will expire before the next quarterly meeting of the board of directors shall be elected by the affirmative vote of a majority of the board of directors who are then serving on the board.”

“Prior to the filing of the 990, the members of the voting governing body and the board of directors were provided a copy for review. Comments from organization personnel includes the audit and finance committee, the cpa firm that prepared the return and other members of the organization's internal working group. Changes resulting from these reviews were implemented as needed.”

“Part vi, section b, question 12 although the organization did not have a formal conflict of interest policy and process in place as of 7/31/2015, they were in the process of implementing a formal policy. This policy was effective in early 2016 at which time all officers and directors were provided with the policy and associated questionnaire. The completed questionnaires were returned to the chief executive officer for review. The chief executive officer discussed the completed forms with the chairman of the board of directors. Any perceived conflicts are thereafter discussed with the executive commmittee of the board.”

“The organization's executive committee of the board of directors ("executive committee") annually reviews and approves the compensation and benefits of the organization's chief executive officer ("ceo"). The actions taken by the executive committee enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the ceo. The three factors which must be satisfied in order to receive the rebuttable presumption of reasonableness are the following: 1. The compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entirely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement; 2. The authorized body obtained and relied upon "appropriate data as to comparability" prior to making its determination; and 3. The authorized body "adequately documented the basis for its determination" concurrently with making that determination. Members of the executive committee are independent and free form any conflicts of interest. The executive committee reviews the ceo's performance and utilizes a new york city nonprofit salaries and staffing report on an annual basis when reviewing and approving his total compensation. The executive committee then adequately documents the basis for its determination through the timely preparation of written minutes dfirung which the ceo's compensation and benefits were reviewed and subsequently approved. The actions outlined above with respect to the executive committee and the establishment of the rebuttable presumption of reasonbleness.”

“The organization's governing documents and conflict of interest policy are available upon request. Additionally, the organization makes its federal forms 990 and auditied financial statements available to the public by posting them on the organization's website; www.possiblehealth.org”

“Pavan makhija, began his role as the chief financial officer on july 27, 2016. In accordance with form 990 rules, regulations and instructions, this federal form 990 is reporting, in part vii of the core form, compensation for the 2015 calender year. Pavan makhija has no reportable compensation from this organization for his role as the chief operating officer for the calendar year ended june 30,2016. Duncan maru, md, mba is a co-founder of possible and currently serves full time as the chief strategy officer and a non-voting director of the organization. He devotes 2 hours per week of his time to the organization but is compensated directly by brigham harvard school on an nih grant dedicated to strategy and research for possible. Accordingly, his compensation is not included on this federal form 990.”

“An independent cpa fitm audited the financial statements of nyaya health d/b/a possible health for the years ended july 31, 2016 and july 31, 2015; respectively. An unqualified opinion was issued by the independent cpa firm each year. The organization's audit & finance committee has assumed the responsibility for the oversight of the audit of the financial statements and the selection of an independent auditor.”