Civic Intelligence

Concept Web 4 O Inc

990 • Fiscal year 2014 • EIN 26-4094629

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

209 SE 5th AvenueDelray Beach, FL 33483

(561) 272-7317

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

23.57x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

100th percentile

4761.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-188900%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

3rd percentile

-90%

Faster asset growth than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Down

$202

Down $1,889 (-90%) from 2013

Net Assets

Down

-$4,559

Down $1,889 (-71%) from 2013

Liabilities

Flat

$4,761

Flat from 2013

Revenue

Up

$1

Up $1 from 2013

Expenses

Down

$1,890

Down $1,239 (-40%) from 2013

Net Income

Up

-$1,889

Up $1,240 (+40%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10K$5.0K$0-$5.0KAssets 2011: $9,703Liabilities 2011: $0Net Assets 2011: $9,7032011Assets 2012: $459Liabilities 2012: $0Net Assets 2012: $4592012Assets 2013: $2,091Liabilities 2013: $4,761Net Assets 2013: -$2,6702013Assets 2014: $202Liabilities 2014: $4,761Net Assets 2014: -$4,5592014Assets 2015: $202Liabilities 2015: $4,761Net Assets 2015: -$4,5592015

Highlighted filing

2014

Assets$202
Liabilities$4,761
Net Assets-$4,559

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $256,0222011Expenses 2012: $9,2442012Revenue 2013: $0Expenses 2013: $3,129Net Income 2013: -$3,1292013Revenue 2014: $1Expenses 2014: $1,890Net Income 2014: -$1,8892014

Highlighted filing

2014

Revenue$1
Expenses$1,890
Net Income-$1,889
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$1
Mission and Program Overview

Mission

Concept web 4.0 ("the organization") was formed to bring together a consortium of scientists and scientific institutions as well as persons who are active in the academic information realm to contribute information and technology in order to facilitate a global repository of intra-operable knowledge, with the benefit to the public of reduced redundancy in global information and promote greater efficiencies in internet-based research. One of the main charitable purposes of the organization is to reduce redundancy in global information and data repositories. This will be effectuated through grants to academic institutions and non-profit scientific organizations. The organization is working to address the challenges associated with the production of unprecedented volumes of academic and professional information, including storage, search capabilities and analysis, particularly in connection with scientific disciplines. As the amount of information available on the internet grows, it is in

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$4,761$4,761→ $0
Cash and Non-Interest-Bearing Accounts$2,091$194▼ $1,897
Savings and Temporary Cash Investments-$8-
Rtn Earn Endowment Incm Other Fnds$-2,670$-4,559▼ $1,889
Total Assets$2,091$202▼ $1,889
Liabilities
Total Liabilities$4,761$4,761→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,670$-4,559▼ $1,889
Total Liabilities and Net Assets / Fund Balance$2,091$202▼ $1,889
Compensation and Service Providers

Board Members and Trustees

NameTitle
Katy BornerDirector
Mark MusenDirector
Albert MonsDirector/pre
Stephen UzzoDirector/sec
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-1,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$1,500-$1,500
Other Expenses-$390-$390
Total Functional Expenses$0$1,890$0$1,890
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,761$4,761→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The concept web 4.0, inc. ("the organization") contracts with move 4.0, inc. ("move") to provide all management and administrative services. The organization has negotiated an agreement between it and move whereby move will provide management services to the organization. The organization made the decision to contract-out management services in order to maximize its cash flow that would be available for grants and other exempt activities. The organization does not believe that it will have sufficient funding available after expenditures to fund grants and other activities if it is to maintain one or more employees. Furthermore, the cash flow of the organization may not be consistent enough to support payroll and attendant expenses. However, the organization believes that it will require more management than can be obtained exclusively through the use of volunteers. Accordingly, the organization has determined that retaining the services of a management company to provide management services will provide the most cost effective manner of obtaining the necessary operational support.

Form 990, Page 6, Part VI, Line 6

Members of the corporation shall consist of the initial directors and of such other individuals or institutions as may be elected to membership from time to time by the other then-acting members, either by majority vote any meeting, or by written consent, in accordance with the bylaws. The term of any member shall be one year. Members will be entitled to vote at the annual member meeting for the election of directors and the transaction of other business as may properly come before the members. The members will also vote at such special meetings as may be called by the president, the secretary, or by the board of directors.

Form 990, Page 6, Part VI, Line 7A

Members of the corporation shall consist of the initial directors and of such other individuals or institutions as may be elected to membership from time to time by the other then-acting members, either by majority vote any meeting, or by written consent, in accordance with the bylaws. The term of any member shall be one year. Members will be entitled to vote at the annual member meeting for the election of directors and the transaction of other business as may properly come before the members. The members will also vote at such special meetings as may be called by the president, the secretary, or by the board of directors.

Form 990, Page 6, Part VI, Line 7B

Members will be entitled to vote at the annual member meeting for the election of directors and the transaction of other business as may properly come before the members. The members will also vote at such special meetings as may be called by the president, the secretary, or by the board of directors.

Form 990, Page 6, Part VI, Line 11B

The from 990 will be reviewed by the officers and the board members of concept web 4.0 ("the organization"). The organization's certified public accountants will explain the form 990 to the officers and board members and ensure the quantitative and qualitative elements of the form are accurate.

Form 990, Page 6, Part VI, Line 12C

All directors, principal officers, members of a committee with board-delegated powers and any staff members or volunteers who are in a position to exercise substantial influence over the affairs of the corporation shall complete an annual affirmation of compliance and disclosure statement, and a questionnaire, which together are referred to as the "disclosure statement," to disclose fully and completely the material facts about any actual or potential conflicts of interest. Such disclosure statement shall affirm that such person: 1. Has received a copy of this conflicts of interest policy; 2. Has read and understands the policy; 3. Has agreed to comply with the policy; and whenever there is reason to believe that an actual or potential conflict of interest exists between the corporation and an interested person, the board of directors shall determine the appropriate organizational response. Where the actual or potential conflict involves an employee of the corporation, the president shall, in the first instance, be responsible for reviewing the matter and may take appropriate action as necessary to protect the interests of the corporation. The president, in consultation with the board of directors, shall determine if any further board review or action is required. The president of the board of directors may appoint a conflicts of interest committee, consisting of at least three (3) and no more than five (5) directors, a majority of whom shall be disinterested directors, to review actual or potential conflicts of interest as they arise and to make recommendations to the board of directors with respect thereto. For this purpose, "disinterested directors" shall be those directors who have disclosed no actual or potential conflicts of interest in the annual or periodic disclosure forms provided to the board of directors. If one or more of the directors currently serving on the conflicts of interest committee should have an unanticipated conflict of interest with respect to any transaction under consideration, said person shall disclose the conflict and shall be prohibited from participating in the evaluation of any actual or potential conflict of interest with respect to such transaction. The president may appoint another director to serve in the conflicted conflicts of interest committee member's place and stead. Where an actual or potential conflict exists between the interest of the corporation and interested person with respect to a specific proposed action or transaction, the corporation shall refrain from the proposed action or transaction until such time as the proposed action or transaction has been approved by the disinterested member of the board of directors of the corporation. The following procedures shall apply: 1. An interested person who has an actual or potential conflict of interest with respect to a proposed action or transaction of the corporation shall not participate in any way during the deliberations and decision making of the corporation with respect to such action or transaction. The interested person may, upon request, answer questions or provide material factual information about the proposed action or transaction. 2. Those members of the board of directors who are disinterested persons may approve the proposed action or transaction upon finding that it is in the best interest of the corporation. The board shall consider whether the terms of the proposed transaction are fair and reasonable to the corporation and consistent with its exempt purposes, as set forth in its certificate of incorporation. 3. Approval by those members of the board of directors who are disinterested persons shall be by vote of a majority of directors in attendance at a meeting at which a quorum is present. An interested person shall not be counted for purposes of determining whether a quorum is present, nor for purposes of determining what constitutes a majority vote of directors in attendance. 4. The minutes of the meeting shall

Form 990, Page 6, Part VI, Line 15A

The officers of the corporation are not paid a salary.

Form 990, Page 6, Part VI, Line 15B

There are currently no employees other than the officers. The officers are not paid a salary.

Form 990, Page 6, Part VI, Line 19

The governing documents will be filed with the secretary of state in accordance with state law.

Filing and Contact Details

Filer

Filer Name
Concept Web 40 Inc
EIN
26-4094629
Address
209 SE 5TH AVENUE, DELRAY BEACH, FL 33483

Signing Officer

Name
Albert Mons
Title
President/director
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albert Mons
Formed
2009
Legal Domicile
De
Voting Board Members
4
Independent Board Members
3
Employees
0

Preparer

Firm
Edward a Zuraw & Company
Address
209 SE 5TH AVE, DELRAY BEACH, FL 33483-5206
Preparer
Joshua B Geib CPA
Phone
5612727317
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Concept web 4.0 ("the organization") was formed to bring together a consortium of scientists and scientific institutions as well as persons who are active in the academic information realm to contribute information and technology in order to facilitate a global repository of intra-operable knowledge, with the benefit to the public of reduced redundancy in global information and promote greater efficiencies in internet-based research. One of the main charitable purposes of the organization is to reduce redundancy in global information and data repositories. This will be effectuated through grants to academic institutions and non-profit scientific organizations. The organization is working to address the challenges associated with the production of unprecedented volumes of academic and professional information, including storage, search capabilities and analysis, particularly in connection with scientific disciplines. As the amount of information available on the internet grows, it is increasingly difficult to sift through search results to identify current, accurate information and to make appropriate linkages among the relevant results. Additionally, the redundancy of information on the world wide web makes it difficult to determine attribution, quality and provenance of the information, which increases the risks of inaccuracies, misattribution and plagiarism. The organization will work with its members to identify and develop methods to implement a "semantic web" approach, meaning that the connections between disparate data on the internet will be identified to allow for the extraction of consistent knowledge from these disparate data sources (often referred to as interoperability). For this interconnectivity, and the necessary interoperability, to occur, the unambiguous and established meaning (the "concept") of terms used in texts and data collections must be first uniquely identified. Where the technology is not currently capable of resolving ambiguities, the concept will need to be validated by individuals. Next, the proposition that can be made with each concept will be captured in a simple, computer readable format called a nanopublication, including the ability to weigh the validity of each individual assertion. By contrast, search engines currently rely primarily on locating specific words or phrases without reference to the context and without the resolution of ambiguities. Creating nanopublications that include information on the author and the source will greatly enhance the ability to cite scientific information. Any technologies developed by members of the organization as part of this process will be open source, meaning that the source code for the technologies is available to others and modifications of the source code are permitted. In addition, the content generated will be open access, meaning that it will be available for free to the general public. This open source and open access policy will allow the public to make better use of the information contained in online databases. The organization will not be creating new web information, rather it is working to create better ways for the general public, particularly those engaged in academic, educational, or scientific research, to use the already existing information by streamlining and enhancing the search process and implementing quality controls to reduce inaccuracies and ensure proper attribution. As the organization receives additional funding it may institute programs to educate the larger scientific community and members of the public on technologies available to facilitate greater efficiencies in internet-based research. The largest activity the organization will engage in will involve conferences and workshops. Members from the organization will attend and present at various conferences and professional workshops. Also, the organization will organize an annual conference and various workshops for individuals interested in the research and developmen

Form 990, Page 2, Part III, Line 4A

Organization is intended to be operated mainly through the efforts of its volunteer board of directors and volunteer members. In the future the organization may coordinate and fund scientific and technological research on reducing redundancy and ambiguity in global information and data repositories through grants to academic institutions and non-profit scientific organizations. During 2011, the organization provided a grant to leiden university medical center in an effort to fund scientific and technological research. The oranization did not make any grants during 2014 due to funding limitations.

Raw XML Appendix281 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE SCHEDULE O EXPLA
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine2Txt0PHORTOS CONSULTANTS BV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CONCEPT WEB 4.0 ("THE ORGANIZATION") WAS FORMED TO BRING TOGETHER A CONSORTIUM OF SCIENTISTS AND SCIENTIFIC INSTITUTIONS AS WELL AS PERSONS WHO ARE ACTIVE IN THE ACADEMIC INFORMATION REALM TO CONTRIBUTE INFORMATION AND TECHNOLOGY IN ORDER TO FACILITATE A GLOBAL REPOSITORY OF INTRA-OPERABLE KNOWLEDGE, WITH THE BENEFIT TO THE PUBLIC OF REDUCED REDUNDANCY IN GLOBAL INFORMATION AND PROMOTE GREATER EFFICIENCIES IN INTERNET-BASED RESEARCH. ONE OF THE MAIN CHARITABLE PURPOSES OF THE ORGANIZATION IS TO REDUCE REDUNDANCY IN GLOBAL INFORMATION AND DATA REPOSITORIES. THIS WILL BE EFFECTUATED THROUGH GRANTS TO ACADEMIC INSTITUTIONS AND NON-PROFIT SCIENTIFIC ORGANIZATIONS. THE ORGANIZATION IS WORKING TO ADDRESS THE CHALLENGES ASSOCIATED WITH THE PRODUCTION OF UNPRECEDENTED VOLUMES OF ACADEMIC AND PROFESSIONAL INFORMATION, INCLUDING STORAGE, SEARCH CAPABILITIES AND ANALYSIS, PARTICULARLY IN CONNECTION WITH SCIENTIFIC DISCIPLINES. AS THE AMOUNT OF INFORMATION AVAILABLE ON THE INTERNET GROWS, IT IS INCREASINGLY DIFFICULT TO SIFT THROUGH SEARCH RESULTS TO IDENTIFY CURRENT, ACCURATE INFORMATION AND TO MAKE APPROPRIATE LINKAGES AMONG THE RELEVANT RESULTS. ADDITIONALLY, THE REDUNDANCY OF INFORMATION ON THE WORLD WIDE WEB MAKES IT DIFFICULT TO DETERMINE ATTRIBUTION, QUALITY AND PROVENANCE OF THE INFORMATION, WHICH INCREASES THE RISKS OF INACCURACIES, MISATTRIBUTION AND PLAGIARISM. THE ORGANIZATION WILL WORK WITH ITS MEMBERS TO IDENTIFY AND DEVELOP METHODS TO IMPLEMENT A "SEMANTIC WEB" APPROACH, MEANING THAT THE CONNECTIONS BETWEEN DISPARATE DATA ON THE INTERNET WILL BE IDENTIFIED TO ALLOW FOR THE EXTRACTION OF CONSISTENT KNOWLEDGE FROM THESE DISPARATE DATA SOURCES (OFTEN REFERRED TO AS INTEROPERABILITY). FOR THIS INTERCONNECTIVITY, AND THE NECESSARY INTEROPERABILITY, TO OCCUR, THE UNAMBIGUOUS AND ESTABLISHED MEANING (THE "CONCEPT") OF TERMS USED IN TEXTS AND DATA COLLECTIONS MUST BE FIRST UNIQUELY IDENTIFIED. WHERE THE TECHNOLOGY IS NOT CURRENTLY CAPABLE OF RESOLVING AMBIGUITIES, THE CONCEPT WILL NEED TO BE VALIDATED BY INDIVIDUALS. NEXT, THE PROPOSITION THAT CAN BE MADE WITH EACH CONCEPT WILL BE CAPTURED IN A SIMPLE, COMPUTER READABLE FORMAT CALLED A NANOPUBLICATION, INCLUDING THE ABILITY TO WEIGH THE VALIDITY OF EACH INDIVIDUAL ASSERTION. BY CONTRAST, SEARCH ENGINES CURRENTLY RELY PRIMARILY ON LOCATING SPECIFIC WORDS OR PHRASES WITHOUT REFERENCE TO THE CONTEXT AND WITHOUT THE RESOLUTION OF AMBIGUITIES. CREATING NANOPUBLICATIONS THAT INCLUDE INFORMATION ON THE AUTHOR AND THE SOURCE WILL GREATLY ENHANCE THE ABILITY TO CITE SCIENTIFIC INFORMATION. ANY TECHNOLOGIES DEVELOPED BY MEMBERS OF THE ORGANIZATION AS PART OF THIS PROCESS WILL BE OPEN SOURCE, MEANING THAT THE SOURCE CODE FOR THE TECHNOLOGIES IS AVAILABLE TO OTHERS AND MODIFICATIONS OF THE SOURCE CODE ARE PERMITTED. IN ADDITION, THE CONTENT GENERATED WILL BE OPEN ACCESS, MEANING THAT IT WILL BE AVAILABLE FOR FREE TO THE GENERAL PUBLIC. THIS OPEN SOURCE AND OPEN ACCESS POLICY WILL ALLOW THE PUBLIC TO MAKE BETTER USE OF THE INFORMATION CONTAINED IN ONLINE DATABASES. THE ORGANIZATION WILL NOT BE CREATING NEW WEB INFORMATION, RATHER IT IS WORKING TO CREATE BETTER WAYS FOR THE GENERAL PUBLIC, PARTICULARLY THOSE ENGAGED IN ACADEMIC, EDUCATIONAL, OR SCIENTIFIC RESEARCH, TO USE THE ALREADY EXISTING INFORMATION BY STREAMLINING AND ENHANCING THE SEARCH PROCESS AND IMPLEMENTING QUALITY CONTROLS TO REDUCE INACCURACIES AND ENSURE PROPER ATTRIBUTION. AS THE ORGANIZATION RECEIVES ADDITIONAL FUNDING IT MAY INSTITUTE PROGRAMS TO EDUCATE THE LARGER SCIENTIFIC COMMUNITY AND MEMBERS OF THE PUBLIC ON TECHNOLOGIES AVAILABLE TO FACILITATE GREATER EFFICIENCIES IN INTERNET-BASED RESEARCH. THE LARGEST ACTIVITY THE ORGANIZATION WILL ENGAGE IN WILL INVOLVE CONFERENCES AND WORKSHOPS. MEMBERS FROM THE ORGANIZATION WILL ATTEND AND PRESENT AT VARIOUS CONFERENCES AND PROFESSIONAL WORKSHOPS. ALSO, THE ORGANIZATION WILL ORGANIZE AN ANNUAL CONFERENCE AND VARIOUS WORKSHOPS FOR INDIVIDUALS INTERESTED IN THE RESEARCH AND DEVELOPMEN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION IS INTENDED TO BE OPERATED MAINLY THROUGH THE EFFORTS OF ITS VOLUNTEER BOARD OF DIRECTORS AND VOLUNTEER MEMBERS. IN THE FUTURE THE ORGANIZATION MAY COORDINATE AND FUND SCIENTIFIC AND TECHNOLOGICAL RESEARCH ON REDUCING REDUNDANCY AND AMBIGUITY IN GLOBAL INFORMATION AND DATA REPOSITORIES THROUGH GRANTS TO ACADEMIC INSTITUTIONS AND NON-PROFIT SCIENTIFIC ORGANIZATIONS. DURING 2011, THE ORGANIZATION PROVIDED A GRANT TO LEIDEN UNIVERSITY MEDICAL CENTER IN AN EFFORT TO FUND SCIENTIFIC AND TECHNOLOGICAL RESEARCH. THE ORANIZATION DID NOT MAKE ANY GRANTS DURING 2014 DUE TO FUNDING LIMITATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONCEPT WEB 4.0, INC. ("THE ORGANIZATION") CONTRACTS WITH MOVE 4.0, INC. ("MOVE") TO PROVIDE ALL MANAGEMENT AND ADMINISTRATIVE SERVICES. THE ORGANIZATION HAS NEGOTIATED AN AGREEMENT BETWEEN IT AND MOVE WHEREBY MOVE WILL PROVIDE MANAGEMENT SERVICES TO THE ORGANIZATION. THE ORGANIZATION MADE THE DECISION TO CONTRACT-OUT MANAGEMENT SERVICES IN ORDER TO MAXIMIZE ITS CASH FLOW THAT WOULD BE AVAILABLE FOR GRANTS AND OTHER EXEMPT ACTIVITIES. THE ORGANIZATION DOES NOT BELIEVE THAT IT WILL HAVE SUFFICIENT FUNDING AVAILABLE AFTER EXPENDITURES TO FUND GRANTS AND OTHER ACTIVITIES IF IT IS TO MAINTAIN ONE OR MORE EMPLOYEES. FURTHERMORE, THE CASH FLOW OF THE ORGANIZATION MAY NOT BE CONSISTENT ENOUGH TO SUPPORT PAYROLL AND ATTENDANT EXPENSES. HOWEVER, THE ORGANIZATION BELIEVES THAT IT WILL REQUIRE MORE MANAGEMENT THAN CAN BE OBTAINED EXCLUSIVELY THROUGH THE USE OF VOLUNTEERS. ACCORDINGLY, THE ORGANIZATION HAS DETERMINED THAT RETAINING THE SERVICES OF A MANAGEMENT COMPANY TO PROVIDE MANAGEMENT SERVICES WILL PROVIDE THE MOST COST EFFECTIVE MANNER OF OBTAINING THE NECESSARY OPERATIONAL SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS OF THE CORPORATION SHALL CONSIST OF THE INITIAL DIRECTORS AND OF SUCH OTHER INDIVIDUALS OR INSTITUTIONS AS MAY BE ELECTED TO MEMBERSHIP FROM TIME TO TIME BY THE OTHER THEN-ACTING MEMBERS, EITHER BY MAJORITY VOTE ANY MEETING, OR BY WRITTEN CONSENT, IN ACCORDANCE WITH THE BYLAWS. THE TERM OF ANY MEMBER SHALL BE ONE YEAR. MEMBERS WILL BE ENTITLED TO VOTE AT THE ANNUAL MEMBER MEETING FOR THE ELECTION OF DIRECTORS AND THE TRANSACTION OF OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEMBERS. THE MEMBERS WILL ALSO VOTE AT SUCH SPECIAL MEETINGS AS MAY BE CALLED BY THE PRESIDENT, THE SECRETARY, OR BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS OF THE CORPORATION SHALL CONSIST OF THE INITIAL DIRECTORS AND OF SUCH OTHER INDIVIDUALS OR INSTITUTIONS AS MAY BE ELECTED TO MEMBERSHIP FROM TIME TO TIME BY THE OTHER THEN-ACTING MEMBERS, EITHER BY MAJORITY VOTE ANY MEETING, OR BY WRITTEN CONSENT, IN ACCORDANCE WITH THE BYLAWS. THE TERM OF ANY MEMBER SHALL BE ONE YEAR. MEMBERS WILL BE ENTITLED TO VOTE AT THE ANNUAL MEMBER MEETING FOR THE ELECTION OF DIRECTORS AND THE TRANSACTION OF OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEMBERS. THE MEMBERS WILL ALSO VOTE AT SUCH SPECIAL MEETINGS AS MAY BE CALLED BY THE PRESIDENT, THE SECRETARY, OR BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERS WILL BE ENTITLED TO VOTE AT THE ANNUAL MEMBER MEETING FOR THE ELECTION OF DIRECTORS AND THE TRANSACTION OF OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEMBERS. THE MEMBERS WILL ALSO VOTE AT SUCH SPECIAL MEETINGS AS MAY BE CALLED BY THE PRESIDENT, THE SECRETARY, OR BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FROM 990 WILL BE REVIEWED BY THE OFFICERS AND THE BOARD MEMBERS OF CONCEPT WEB 4.0 ("THE ORGANIZATION"). THE ORGANIZATION'S CERTIFIED PUBLIC ACCOUNTANTS WILL EXPLAIN THE FORM 990 TO THE OFFICERS AND BOARD MEMBERS AND ENSURE THE QUANTITATIVE AND QUALITATIVE ELEMENTS OF THE FORM ARE ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL DIRECTORS, PRINCIPAL OFFICERS, MEMBERS OF A COMMITTEE WITH BOARD-DELEGATED POWERS AND ANY STAFF MEMBERS OR VOLUNTEERS WHO ARE IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE CORPORATION SHALL COMPLETE AN ANNUAL AFFIRMATION OF COMPLIANCE AND DISCLOSURE STATEMENT, AND A QUESTIONNAIRE, WHICH TOGETHER ARE REFERRED TO AS THE "DISCLOSURE STATEMENT," TO DISCLOSE FULLY AND COMPLETELY THE MATERIAL FACTS ABOUT ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. SUCH DISCLOSURE STATEMENT SHALL AFFIRM THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THIS CONFLICTS OF INTEREST POLICY; 2. HAS READ AND UNDERSTANDS THE POLICY; 3. HAS AGREED TO COMPLY WITH THE POLICY; AND WHENEVER THERE IS REASON TO BELIEVE THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN THE CORPORATION AND AN INTERESTED PERSON, THE BOARD OF DIRECTORS SHALL DETERMINE THE APPROPRIATE ORGANIZATIONAL RESPONSE. WHERE THE ACTUAL OR POTENTIAL CONFLICT INVOLVES AN EMPLOYEE OF THE CORPORATION, THE PRESIDENT SHALL, IN THE FIRST INSTANCE, BE RESPONSIBLE FOR REVIEWING THE MATTER AND MAY TAKE APPROPRIATE ACTION AS NECESSARY TO PROTECT THE INTERESTS OF THE CORPORATION. THE PRESIDENT, IN CONSULTATION WITH THE BOARD OF DIRECTORS, SHALL DETERMINE IF ANY FURTHER BOARD REVIEW OR ACTION IS REQUIRED. THE PRESIDENT OF THE BOARD OF DIRECTORS MAY APPOINT A CONFLICTS OF INTEREST COMMITTEE, CONSISTING OF AT LEAST THREE (3) AND NO MORE THAN FIVE (5) DIRECTORS, A MAJORITY OF WHOM SHALL BE DISINTERESTED DIRECTORS, TO REVIEW ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE AND TO MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS WITH RESPECT THERETO. FOR THIS PURPOSE, "DISINTERESTED DIRECTORS" SHALL BE THOSE DIRECTORS WHO HAVE DISCLOSED NO ACTUAL OR POTENTIAL CONFLICTS OF INTEREST IN THE ANNUAL OR PERIODIC DISCLOSURE FORMS PROVIDED TO THE BOARD OF DIRECTORS. IF ONE OR MORE OF THE DIRECTORS CURRENTLY SERVING ON THE CONFLICTS OF INTEREST COMMITTEE SHOULD HAVE AN UNANTICIPATED CONFLICT OF INTEREST WITH RESPECT TO ANY TRANSACTION UNDER CONSIDERATION, SAID PERSON SHALL DISCLOSE THE CONFLICT AND SHALL BE PROHIBITED FROM PARTICIPATING IN THE EVALUATION OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO SUCH TRANSACTION. THE PRESIDENT MAY APPOINT ANOTHER DIRECTOR TO SERVE IN THE CONFLICTED CONFLICTS OF INTEREST COMMITTEE MEMBER'S PLACE AND STEAD. WHERE AN ACTUAL OR POTENTIAL CONFLICT EXISTS BETWEEN THE INTEREST OF THE CORPORATION AND INTERESTED PERSON WITH RESPECT TO A SPECIFIC PROPOSED ACTION OR TRANSACTION, THE CORPORATION SHALL REFRAIN FROM THE PROPOSED ACTION OR TRANSACTION UNTIL SUCH TIME AS THE PROPOSED ACTION OR TRANSACTION HAS BEEN APPROVED BY THE DISINTERESTED MEMBER OF THE BOARD OF DIRECTORS OF THE CORPORATION. THE FOLLOWING PROCEDURES SHALL APPLY: 1. AN INTERESTED PERSON WHO HAS AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST WITH RESPECT TO A PROPOSED ACTION OR TRANSACTION OF THE CORPORATION SHALL NOT PARTICIPATE IN ANY WAY DURING THE DELIBERATIONS AND DECISION MAKING OF THE CORPORATION WITH RESPECT TO SUCH ACTION OR TRANSACTION. THE INTERESTED PERSON MAY, UPON REQUEST, ANSWER QUESTIONS OR PROVIDE MATERIAL FACTUAL INFORMATION ABOUT THE PROPOSED ACTION OR TRANSACTION. 2. THOSE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE DISINTERESTED PERSONS MAY APPROVE THE PROPOSED ACTION OR TRANSACTION UPON FINDING THAT IT IS IN THE BEST INTEREST OF THE CORPORATION. THE BOARD SHALL CONSIDER WHETHER THE TERMS OF THE PROPOSED TRANSACTION ARE FAIR AND REASONABLE TO THE CORPORATION AND CONSISTENT WITH ITS EXEMPT PURPOSES, AS SET FORTH IN ITS CERTIFICATE OF INCORPORATION. 3. APPROVAL BY THOSE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE DISINTERESTED PERSONS SHALL BE BY VOTE OF A MAJORITY OF DIRECTORS IN ATTENDANCE AT A MEETING AT WHICH A QUORUM IS PRESENT. AN INTERESTED PERSON SHALL NOT BE COUNTED FOR PURPOSES OF DETERMINING WHETHER A QUORUM IS PRESENT, NOR FOR PURPOSES OF DETERMINING WHAT CONSTITUTES A MAJORITY VOTE OF DIRECTORS IN ATTENDANCE. 4. THE MINUTES OF THE MEETING SHALL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE OFFICERS OF THE CORPORATION ARE NOT PAID A SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THERE ARE CURRENTLY NO EMPLOYEES OTHER THAN THE OFFICERS. THE OFFICERS ARE NOT PAID A SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10THE GOVERNING DOCUMENTS WILL BE FILED WITH THE SECRETARY OF STATE IN ACCORDANCE WITH STATE LAW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/ReturnTs02015-11-16T08:56:32-06:00
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ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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