I-Park Foundation Inc.

“I-Park has its Form 990 prepared by an outside accounting firm. But first, I-Park's Finance Committee performs an internal review that looks at changes and emerging trends from previous accounting periods, internal control issues, changes (if any) in tax laws and the overall quality of the record keeping. After the Form 990 has been prepared by the outside firm, it is reviewed by the President and Treasurer before being sent to the board of directors for their feedback. A conference call among the officers and board members is organized if there are any substantive questions or concerns. Upon approval, the document is submitted to the Internal Revenue Service by the independent accounting firm.”

“At each annual meeting, all directors and officers sign off on a memo that restates the organization's Conflicts of Interest Policy. At that time, any actual or perceived conflicts are disclosed and discussed. If conflicts of either sort have developed during the course of the year, the matter is resolved by either eliminating the conflict or by memorializing the issue in the minutes, indicating why an actual conflict did, or does/did not, in fact, exist or memorializing why any exceptions to the policy have caused no harm and were, in fact, in the best interests of the organization. In the case of any material issues that come to the attention of the Governance Committee or the board, a legal opinion may be sought.”

“The Foundation makes its Forms 990 and 1023 available for public inspection as required under Section 6104 of the Internal Revenue Code. The return is posted on guidestar.org and similar websites. In addition, the financial statements, Conflicts of Interest Policy, Articles of Incorporation, Form 990, Form 1023 and By-laws are available upon written request or by calling the organization directly.”