K2 Adventures Foundation

“1 director jon kitchell and director leatrice kitchell are related as defined by the irs definition of a family relative. 2 director greg depinto and director michelle depinto are related as defined by the irs definition of a family relative. 3 director adam cherilla and board president kevin cherilla are related as defined by the irs definition of a family relative. 4 director adam cherilla and director lindsey cherilla are related as defined by the irs definition of a family relative.5 director lindsey cherilla and board president kevin cherilla are related as defined by the irs definition of a family relative. 6 board ceo kristen salcito-brotz and director tyler brotz are related as defined by the irs definition of a family relative. 7 director beverly nuessle and director mark nuessle are related as defined by the irs definition of a family relative. 8 director john iorillo and director heather iorillo are related as defined by the irs definition of a family relative. 9 director tim stuart and director susan stuart are related as defined by the irs definition of a family relative. 10 board president kevin cherilla and board ceo kristen salcito-brotz have a business relationship outside of the organization.”

“The treasurer of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed. At the first meeting of the board following the filing of the 990 with the irs, the complete form 990 is presented to the board by the organizations lead officers with responsibility over the form 990s review thereafter, questions are taken and the form, its preparation, and its public relation impact is discussed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The executive committee reviews the compensation for the president and vice president by comparing their compensation to the compensation of individuals in like positions, in comparable organizations using forms 990, compensation studies, and other available data. The committee then approves any changes in compensation based on this information. The organization has no other paid officers or employees meeting the irs definition of a key employee.”

“The organization will provide in a timely manner, copies of all governing documents including its conflict of interest policies and financial statements when requested in writing or in person.”