Reef Brookhollow Inc

“Russell smith, cory carlson, patrick malley, james hummer and e.l. Jahncke are all employed as part of the investment team of washington capital management.”

“The organization is a title holding company, organized and operated for the benefit of its sole stockholder/member. Washington capital joint master trust, the sole member of the title holding company, is a group trust as described in revenue ruling 81-100 and is exempt under internal revenue code section 501(a) for the funds that equitably belong to its participating trusts that qualify under internal revenue code section 401(a). The trust is also tax exempt under internal revenue code section 408(e) for the funds that equitably belong to its participating individual retirement accounts that qualify under internal revenue code section 408. Washington capital joint master trust is established for the exclusive purpose of holding in trust one or more collective funds with the objective of obtaining various economies and greater diversification by pooling individual trust assets.”

“The sole member of the corporation is the bank of new york trust company, n.a. In its capacity as directed trustee for washington capital joint master trust real estate equity fund. The initial directors were named in the articles of incorporation. Directors are elected at each annual meeting to hold office until the next annual meeting. Any one or more members of the board may be removed, with or without cause, by the sole member. Vacancies on the board of directors are filled by election by the sole member. Therefore, washington capital joint master trust real estate equity fund appoints and can remove the board of directors of the title holding company by vote, with or without cause.”

“All powers are exercised by and under the authority of the board. The organization's business and affairs are managed under the direction of the board and since the sole member appoints and can remove any or all members of the board, any decisions are subject to the approval of the sole member.”

“A draft copy of the form 990 is provided to the board secretary & treasurer for review before filing. Financial transactions related to form 990 are reviewed continuously during the year by a member of the governing body. At a minimum, the form 990 is reviewed by at least one member of the governing body.”

“Directors and officers are required annually to submit a written statement showing their compliance with the conflict of interest policy. This statement is reviewed by a compliance officer.”

“Part vi section b line 15 the organization does not pay compensation and therefore does not have a process for review and approval.”

“Form 990 and the form 1024 are available upon request. The public may view the form 990 or form 1024 at the organization's address by showing up in person. The public may also submit a written request for a copy of the form 990 or form 1024.”

“The organization's governing documents are available as part of the form 1024. In addition, the public may view the governing documents and conflict of interest policy at the organization's office by showing up in person or making a written request. The organization does not have audited financial statements to make available to the public. If and when the organization does have an audited financial statement, the requests will be reviewed when received. An audited statement is prepared for the sole member and is available at the organization's office or by written request.”

“Distribution to qualifying trust -69,348.”