Fairfax 2015

“Form 990, Part VI, Line 11b The Form 990 was prepared by an external independent public accounting firm and then reviewed by the executive committee. Once reviewed and approved, a copy of the Form 990 is made available to all members of the Board of Directors before the return is filed with the IRS.”

“Form 990, Part VI, Line 12c Officers and trustees are required to disclose their potential conflicts to the CEO who is responsible for determining if an actual conflict exists. For each interest disclosed to the CEO, the CEO will determine whether to (A) take no action; (B) assure full disclosure to the Board of Directors; (C) ask the person to recuse from participation in related discussions or decisions within Fairfax 2015; or (D) ask the person to resign from his or her position as an officer or trustee. The CEO and the executive committee have monthly meetings to consistently monitor and enforce compliance with the policy.”

“Form 990, Part VI, Line 15A For the CEO, compensation is determined through the executive committee. Fairfax 2015's executive committee reviews the written employment contract, evaluates comparable compensation in the industry, and documents its decision in contemporaneous minutes.”

“Form 990, Part VI, Line 19 Financial Statements, the conflict of interest policy, and the governing documents are available upon request.”

“Form 990, Part XII, Line 2B At the time the Form 990 was filed, the financial statements had not been issued. The financial statements will be issued in 2016 with year ending December 31, 2015. This Form 990 was prepared using financial information we believe accurately represents the organization.”

“Description:payroll and license fees total fees:60082”

“Description:professional & outside svcs. Total fees:210783”