Steam Into History Inc.

“Judith simpson, director and jeffrey simpson, director have a family relationship.”

“The governing body reviews a draft of the 990 before it is submitted for filing.”

“The conflict of interest policy covers any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest. An interested person must disclose the existence of the financial interest and be given the opportunity to dislose all material facts to the directors and members of the committee with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. If the governing board or committee has reasonable cause to believe a member had failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: has received a copy of the conflicts of interest policy, has read and understands the policy, has agreed to comply with the policy, and understands the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The compensation for the chief operating officer was approved by the board of directors after discussion with board members. Board members had reviewed the salary requests and experience brought to the position.”

“The organization will provide their governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The organization did not have any instances where backup withholding was required; however, if the situation would arise, the organization is aware of the reporting requirements and would handle that accordingly.”

“The organization does have a committee that assumes responsibility for oversight of the audit and selection of an independent accountant. This process has not changed from prior year.”