Springfield Innovation Inc.

“Form 990 review process: the form 990 was prepared by an independent accounting firm based on internal financial statements and information provided by management. The form 990 was reviewed by the executive director and then provided to the board of directors before filing.”

“Conflict of interest policy: - duty to disclose in connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. - determining whether a conflict of interest exists after disclosure of the financial interest and all material facts, and after any discussion with the interested person, s/he shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. - procedures for addressing the conflict of interest a) an interested person may make a presentation at the governing board or committee meeting, but after the presentation, s/he shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B) the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C) after exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement. - violations of the conflicts of interest policy a) if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. B) if, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Document disclosure: the organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

“Organization's mission: the mission of springfield innovation, inc. Is to support advanced product development with a focus on advancing the competitiveness of missouri-based industries and supporting technology based entrepreneurs while providing interdisciplinary work experiences for missouri state university students.”

“New program services: the organization established a new seed capital fund for the accelerator program during 2015.”