Blue Planet Foundation

“The organization's directors, henk rogers and akemi rogers have a family relationship. Akemi rogers served as a director until early 2013.”

“During the tax year, there were no committees that had the authority to act on behalf of the board of directors.”

“A copy of the form 990 is initially reviewed by the president and subsequently presented to the board of directors for final approval prior to filing.”

“The conflict of interest policy applies to any interested persons (persons who was in a position to exercise substantial influence over the organization at any time during the five year period ending on the date of the transaction, their family members and the entities in which they own more than 35% of the voting power of the entity). Interested persons have a duty to disclose potential conflicts and all directors and officers are required to review the conflict of interest policy and sign a related statement on an annual basis. Review of potential conflicts of interest are performed by the board of directors or a committee of the board of directors. Interested persons may not participate in the discussion or vote on the potential conflicts.”

“Compensation amounts are determined by the review of performance measures as well as through the comparison of market wages for similar positions in other organizations. This process is utilized for the executive director and administrator positions and was last reviewed in 2011. Directors and officers are to serve without compensation.”

“AVAILABLE UPON REQUEST.”

“See line 4b for description of new program”

“Other: program service expenses 177,238. Management and general expenses 28,861. Fundraising expenses 0. Total expenses 206,099.”

“The following beginning balances were restated due to adjustments made subsequent to the completion of the 2012 audit. Line 17, accounts payable and accrued expenses prior year reported 153,955 less: prior year adjustment 75,000 current year beginning balance, as restated 78,955 line 19, deferred revenue prior year reported 0 add: prior year adjustment 25,000 current year beginning balance, as restated 25,000 line 27, unrestricted net assets prior year reported 139,193 less: prior year adjustment 39,205 current year beginning balance, as restated 99,988 line 28, temporarily restricted net assets prior year reported 0 add: prior year adjustment 89,205 current year beginning balance, as restated 89,205 line 33, total net assets or fund balances prior year reported 139,193 add: prior year adjustment due to underaccrual of contributions 50,000 current year beginning balance, as restated 189,193”