Stowers Policy Institute Inc

“Spi directors, richard w. Brown, david a. Welte and roderick l. Sturgeon, have a business relationship; they all serve on the board of american century companies, inc. As described in response to schedule l, part iv. Also, richard w. Brown and roderick l. Sturgeon serve on the board of biomed valley discoveries, inc. ("bvd"), a related entity.”

“The data and information necessary to prepare spi's form 990 is compiled by the organization's accounting support and reviewed by a tax attorney at bryan cave, llp. Pwc, our external tax preparers, use this information to prepare the form 990. The completed form 990, including required schedules, is reviewed by the directors before it is filed with the irs.”

“Spi has adopted a "conflicts of interest and director independence policy". Each director, officer, and other person who is in a position to exercise substantial influence over decisions of spi are required to annually complete and sign a disclosure statement that is part of the policy. Also, a covered person must disclose the existence of a potential conflict and all material facts to the governing board as soon as the person has knowledge that a potential conflict might exist. Spi also conducts periodic and adhoc reviews of transactions and agreements to insure that it does not engage in activities that are not consistent with its tax-exempt purpose.”

“Spi's officers and directors are compensated by a related organization for the services performed in their official capacity for the related organization.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”