World Chess Museum Inc.

“Family or business relationships: rex sinquefield has a business relationship with jennifer shahade.”

“Delegation of control of management duties: joy bray of chi chi llc provides the services of general manager for the organization.”

“Effective january 1, 2017, the corporation amended its bylaws to require that only three (3) of its five (5) directors be approved by the board of directors of its supported organization, the chess club and scholastic center of st louis. Further, a supermajority voting requirement was added so that four (4) of five (5) directors of this corporation are required to approve (i) the borrowing of funds; (ii) a merger, consolidation, or dissolution of this corporation; and (iii) the annual operating budget of this corporation.”

“Three (3) of the (5) directors are approved by the board of directors of its supported organization, the chess club and scholastic center of st louis.”

“Three (3) of the (5) directors are approved by the board of directors of its supported organization, the chess club and scholastic center of st louis. Four (4) of five (5) directors of the corporation are required to approve (i) the borrowing of funds; (ii) a merger, consolidation, or dissolution of this corporation; and (iii) the annual operating budget of this corporation.”

“Review process: the form 990 is prepared by an independent accounting firm. Then the return is provided to the personnel responsible for oversight of the organization's finances. These personnel review the draft of the return in conjunction with legal counsel and submit the draft to the board. The board of directors is provided a copy of the form 990 for review prior to filing with the irs.”

“Compliance with conflict of interest policy: all members of the governing board are required to complete a conflict of interest statement annually. The policy covers any director, officer, manager, key employee, or member of a committee with governing board delegated power, who has a direct or indirect financial interest in an entity that contracts with the organization. The actual conflict will be reviewed at the governing board meeting and the person with a conflict will be prohibited from the discussion of and voting on the conflict.”

“Process for determining compensation: the board has established a compensation committee made up of independent members to annually review and approve the compensation of the directors and certain senior staff members. As part of the process, the committee reviews comparable compensation and benefits data of similar organizations, along with performance results of the organization.”

“Availability of organization's governing documents: the organization makes the articles of incorporation and audited financial statements available upon request.”

“Artist's fee: program service expenses 93,563. Management and general expenses 0. Fundraising expenses 0. Total expenses 93,563. Audio/visual support: program service expenses 21,618. Management and general expenses 0. Fundraising expenses 2,597. Total expenses 24,215. Consulting: program service expenses 57,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,000. Graphic design: program service expenses 3,543. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,543. Marketing: program service expenses 0. Management and general expenses 62,975. Fundraising expenses 0. Total expenses 62,975. Outside contract services: program service expenses 53,097. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,097. Photographer: program service expenses 43,123. Management and general expenses 0. Fundraising expenses 0. Total expenses 43,123. Security: program service expenses 79,568. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,568. Valet parking: program service expenses 1,743. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,743. Payroll processing fee: program service expenses 0. Management and general expenses 3,632. Fundraising expenses 0. Total expenses 3,632. Moving contractor: program service expenses 2,085. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,085.”