Center of Excellence Properties Fund

“The Executive Committee shall be comprised of at least two directors appointed by the Board of Directors. This committee shall have and may exercise all of the authority of the Board of Directors granted to the committee by the resolution establishing such committee.”

“All officers and directors have a business relationship as they also serve as officers and directors to related organizations. In addition, some are employees of United States Ski Association.”

“The Center of Excellence Properties Fund Board of Directors is established from the board members of the United States Ski Association.”

“The Board of Directors has delegated the review of the Form 990 to the CFO and CEO of the United States Ski Association. The CFO and Controller of United States Ski Association work closely with the outside accounting firm engaged to prepare the return which includes their review of the draft Form 990. The audit committee of the board reviews the finalized drafts prior to providing a final copy to the Board of Directors.”

“The CEO and CFO of the United States Ski Association are charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the conflicts of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons. The conflict of interest policy is reviewed and signed each year by all board members. If a conflict does arise, the individual who has the conflict will refrain from the discussion and will not vote on the matter.”

“All compensation is paid through a related party, the United States Ski Association. The Board of the United States Ski Association appoints a compensation committee, comprised solely of independent directors, none of whom have a conflict of interest with respect to the compensation arrangement, to be accountable for setting reasonable compensation packages for each officer and key employee. The compensation committee reviews the compensation each year and a compensation study is performed as needed.”

“The Organization's governing documents, conflict of interest policy, and financial statements are available for public inspection upon request.”

“All employees listed in Part VII are paid by a related organization, United States Ski Association (USSA). USSA issues all W-2s related to compensation paid. Compensation listed in Part VII and in Part IX reflects the portion of total compensation and benefits allocated to this organization based on hours devoted to this organization by the employees.”