Nars Foundation Inc.

“A copy of the form 990 should be provided to the organizations governing body before it is filed”

“Form 990, part vi, section b, line 12c:the organization enforces the conflict of interest policy by monitoringknown relationships, questionnaires, and noting any changes in disclosedinformation. Any conflict is reviewed by the board before a decision ismade as to whether to approve the transaction.”

“Form 990, part vi, section c, line 19:the organizations governing documents, conflict of interest policy, andfinancial statements are available upon request.”

“Form 990, part vi, section b, line 11b:the form 990 has been reviewed by a group of persons authorized to reviewfinancial and audit matters prior to filing. The final form 990 (filed withthe irs) will be available at the next meeting of the board for inspection.in addition, upon request of any boardmember, a copy will be provided. Ifthere are any material changes, an amended form 990 will be filed.”

“EIDL Advance $15,000 and 1st PPP $16,372 amd 2nd PPP $16,835 are exempted from taxable income. Two PPP loans were treated as tax-exempt income from the forgiveness of the PPP loan. As of the date this return is being filed, the PPP loan has been forgiven.”

“Form 990, part iii, line 1, description of organization mission:artists through short-term integrated residency programs, affordablelong-term studio spaces, progressive exhibition programs, internationalexchanges, and engaging public programs that foster globalunderstanding and dynamic cross-cultural dialogues. These servicesoperate in conjunction with our community outreach initiatives topromote greater accessibility to contemporary art for the under-servedlocal community in south brooklyn. Our mission is to present diverseplatforms on which to nurture creative inspiration and innovativecross-pollination of ideas. Programs are designed to encourage greater exposure for theparticipating artists while provided supportive professionaldevelopment services such as studio visits from prominent curators, artcritics, gallerist, and art historians; open studio events; artisttalks; curator talks; panel discussions; workshops & seminars; teachingopportunities; collaborations with international organizations; andvarious exhibition opportunities. It also provides the the greater newyork community with access to the highest caliber of internationalartists. Contemporary arts for the working class community in brooklyn throughfree saturday family workshops and in-school programming at local k-12public schools. The educational mission is to impart creative problemsolving skills through hand-on and object based visual arts workshopsto economically disadvantages and underserved children and theirfamilies while providing an alternative creative outlet for at-riskyouths. Participants come away from the program with a greater sense ofself-confidence, exposure to different perspectives from around theglobe, and a meaningful experience in essential skill sets such asexamination, evaluation, and creatively problem solving that are key totheir future success.”