Oasis Open

“The organization is a business league with members who participate in the development, convergence and adoption of structured information standards.”

“Members vote for all directors who serve two year terms without compensation.”

“Certain decisions by the board of directors are subject to approval by members, such as a change in the number of directors serving on the board.”

“Copies of the draft form 990 are distributed to the treasurer, the executive director and the chief financial officer, as well as all board members. After reviewing the form, comments and questions are considered. All issues are resolved before form 990 is filed.”

“The chief operating officer and the board of directors review the policy annually looking for issues that might conflict with the policy. Each board member and corporate director annually confirms by email, receipt of a copy of the policy and that he or she has read and understands the policy, and understands that oasis open is a tax exempt organization and must engage in activities that accomplish its permitted exempt purpose.”

“The staffing committee is independent of the organization. It participates in the selection, hiring and compensation of the executive director, and may seek advice and counsel from other interested parties as appropriate. All compensation discussions and decisions are contemporaneously documented in writing at staffing committee meetings.”

“The staffing committee is independent of the organization. It provides guidance to the executive director regarding employee compensation, bonuses, policies and practices. It may seek advice and counsel from other interested parties as appropriate. All compensation discussions and decisions are contemporaneously documented in writing at staffing committee meetings.”

“The organization makes its form 1024 available for public inspection upon request by publishing its address on its public website: www.oasis-open.org.”

“The organization makes its governing documents and conflict of interest policy available to the public through its website. Its financial statements are not made available to the public, however they are made available to members through its website.”

“Net assets released from restrictions 122,168 net assets released from restrictions -122,168”

“Line 2c: the finance committee assumes responsibility for oversight of the financial statement review and the selection of the review firm.”