For Inspiration and Recognition of Science and Technology (First)

“FIRST Board Member and Founder Dean L. Kamen is the Founder of SEE Science Center, Inc. ("SEE"), a not-for-profit museum and tenant of FIRST. FIRST Board Co-Chair and Treasurer Robert M. Tuttle is the Vice Chairman of the SEE Board of Directors. Dean L. Kamen and Robert M. Tuttle are employed by DEKA Research & Development Corp. (DEKA) serving as President and Executive Vice President, respectively, and collectively own more than a 35% interest in the corporation. Dean L. Kamen and Robert M. Tuttle are partners or members in several real estate partnerships in which they collectively own more than a 35% interest. Dean L. Kamen and Robert M. Tuttle are Officers of New Power Concepts LLC (NPC). NPC has a business relationship with NRG Energy, Inc. FIRST Board Member David Crane is President and Chief Executives Officer of NRG Energy, Inc. Baxter International, Inc. is one of DEKA's largest customers. FIRST Board Member Robert L. Parkinson, Jr. is the CEO of Baxter and as such has ultimate authority over DEKA-related projects.”

“The Form 990 was reviewed in depth by the Audit Committee, the Board Treasurer, and the Vice President of Finance with the outside CPA who prepared the return. After approval by the FIRST Audit Committee, a complete copy of the return was provided, via mail or email, to each FIRST Board Member. The return was then filed with the IRS.”

“The FIRST Conflict of Interest Policy requires every Director and Officer to disclose any known or potential conflict of interest to the Co-Chairs of the Board prior to any action, decision, or vote occuring connected with the potential conflict. The Co-Chairs of the Board, in consultation with the Audit Committee will determine if a conflict exists. The Director or Officer having the potential conflict is not permitted to participate when the determination is made or when a decision or vote is taken where a conflict of interest may exist. Annually, every Board Member and Officer is required to read and sign the policy and disclose any conflicts of interest, or attest to the fact that there are none, in writing. The signed annual statements and disclosures are sent to the independent auditors who report the results to the FIRST Audit Committee, the CPA preparing the Form 990, and the FIRST Treasurer.”

“Compensation of Officers and senior managers, other than the President, is approved by the Governance and Compensation Committee of the BOD. Annual review performance evaluations, including measurement of the achievement of pre-established performance objectives, are the primary basis of determining every senior manager's raise/base salary. Compensation survey information is also considered in such determination. Changes in the compensation level, raise level, and bonus award for the President is recommended by the Governance and Compensation Committee to the Steering Committee for its approval. Performance against pre-established objectives, various qualitative assessments, and comparison to total compensation of presidents of like organizations are all considered.”

“The audited financial statements are available through the FIRST website (www.usfirst.org). The Articles of Incorporation, By-Laws, and Conflict of Interest Policy are made available to the public upon request.”

“Section 1.263(a)-3(n) Election: U.S. Foundation for Inspiration and Recognition of Science and Technology 200 Bedford Street Manchester, NH 03101-1132 EIN: 22-2990908 U.S. Foundation for Inspiration and Recognition of Science and Technology is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”