The Shadowfax Corporation

“The finance committee reviews the form 990, with each person receiving a copy of the form 990. The treasurer then takes it to the complete board for their review and approval before filing. Each board member will have the opportunity to review a copy of the form 990 during this time. Once approved by the board, the form 990 will be filed.”

“A potential conflict of interest exists in a contract or transaction between the shadowfax corporation and one of its directors or in a transaction between the shadowfax corporation and another business entity if one of the shadowfax corporation's directors is a director of, or has a financial or other interest in, the other business entity. Any director that has a conflict of interest or a potential conflict of interest with respect to any contract or other transaction presented or to be presented to the board of directors or committee thereof is required to make prompt, full and frank disclosure of the interest to the board of directors or the committee. It shall be the obligation of the board of directors or committee to make determiniation as to whether a director has a conflict of interest or potential conflict of interest which would prohibit the director from voting with respect to the specific contract or transaction. If the director is deemed to have a conflict of interest or potential conflict of interest or if the director shall determine that he or she has a conflict of interest, then the common or interested director shall not participate, other than to proivde factual information or to respond to specific questions, with respect to discussion or deliberation with respect to such contract or transaction. The interested director shall not vote on, nor use any personal influence with respect to the vote on such contract or transaction. Conflict of interest forms are signed annually by all board members at a board meeting.”

“The ceo approves the compensation and benefit packages for all staff. The compensation and benefit package for the ceo is approved by the board of directors. The board of directors annually approves the compensation package of upper management.”

“The organization's form 1023 and form 990 are maintained by the finance department and are available upon request at the shadowfax office.”

“The organization's governing documents and conflict of interest policy are available upon request from the director of administration. The financial statements are maintained by the finance department and are available upon request at the shadowfax office.”

“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 it accordingly.”

“Changes in net assets of community foundation 12,223.”

“The organization has a finance, budget, investment, and audit committee that assumes responsibility for oversight of the audit of its financial statement and selection of an independent accountant. This process has not changed from the prior year.”