Cambridge Energy Alliance Inc

“The by-laws fix the number of directors at seven, and create three classes of directors. The classes are: class 1 - one director, who will be the then-sitting cambridge city manager or his or her designee; class 2 - four directors, appointed exclusively by cambridge public health commission dba cambridge health alliance; and class 3 - two directors, appointed exclusively by the kendall foundation.”

“The by-laws fix the number of directors at seven, and create three classes of directors. The classes are: class 1 - one director, who will be the then-sitting cambridge city manager or his or her designee; class 2 - four directors, appointed exclusively by cambridge public health commission dba cambridge health alliance; and class 3 - two directors, appointed exclusively by the kendall foundation.”

“The form 990 was reviewed and approved by the president and treasurer.”

“The board of directors requires an annual declaration from all board members and senior management as to the existence and disclosure of any potential conflicts of interest. The board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process. In the event of a potential conflict, procedures to obtain competitive bids and diligence on fair market value will be established.”

“UPON REQUEST”

“On september 25, 2013 cambridge energy alliance, inc. Entered into a purchase and sale agreement to sell its forward capacity market resources to conservation services group, inc. (a massachusetts nonprofit corporation). The terms of the agreements provide for the sales price to be paid by monthly payments from october 2013 through may 2014, as iso new england makes payments to conservation services group, inc. For cea's energy savings allotments under the iso contract. The sales price is estimated at a discounted value of approximately $219,770. All proceeds, net of costs to wind down the organization will be turned over to the lenders in satisfaction of the unpaid loan balances pursuant to an "agreement regarding termination of loan documents." currently, cea is diligently pursuing the final wrap-up of its affairs and will then proceed to effect final reports and filings with regulatory agencies.”

“Contract services: program service expenses 3,351. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,351. Engineering services: program service expenses 1,313. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,313. Other professional fees: program service expenses 45,000. Management and general expenses 159. Fundraising expenses 0. Total expenses 45,159.”

“Waiver of debt, dissolution pending 2,321,399.”