Iaff Local 1605 Foundation Inc.

“Single class of voting membership for organization. All members have equal rights. No stock is issued. There is no profit sharing.”

“All members have voting rights. Voting rights per the bylaws allow for the election of all officers on an annual basis. Membership has to approve all purchases and expenditures.”

“All decisions of the membership are subject to approval by the majority of members present at a meeting; provided a quorum is present.”

“Each meeting of the membership is recorded by the recording secretary until the minutes are published and reviewed for omissions by the membership for their approval. All minutes are recorded and made available for public inspection.”

“Each committee meeting of the governing body is recorded by the recording secretary. All minutes are typed,reviewed and approved by the membership. All minutes are available for public inspection.”

“Double entry bookkeeping is used with one write plus accounting software; supported by peachtree. Financials are reviewed by an internal auditing committee and also by washington county government to comply with gaming commission regulations. Records are then compilied and reviewed by a certified public accountant. Tax forms are prepared and signed by an officer of the corporation using an ero entered pin and then electronically filed.”

“The corporation has a conflict of interest policy to prevent unfair and unauthorized spending. No violation was recorded during the year.”

“Form 990 and all minutes and supporting files and schedules are available to the public for a nominal copy fee at the address of record 7715 trappe rd baltimore md 21222. Form 990 is also available for download using many free websites.”