International Surfing Association Inc.

“Approval of new members at biennial general meeting.”

“Biennial general meeting of general assembly considers financial statements, election of persons to serve, executive approbal of new members and constitutional amendments.”

“Specific officers review the form 990.”

“Conflict of interest policy article i a.purpose - the purpose of the conflict of interest policy is to protect the international surfing associations (isa) interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the organization or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. Article ii - definitions 1. Interested person - any director, principal officer or member of a committee with governing board delegated powers who has a direct or indirect financial interest as defined below is an interested person. 2 - financial interest. A person has a financial interest if the person has directly or indirectly through business investment or family ownership or investment interest in any entity with which the isa has a transaction or arrangement, compensation arrangement with the isa or with any entity or individual with which the isa has a transaction or arrangement or potential ownership or investment interest in or compensation arrangement with any entity or individual with which the isa is negotiat1ng a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are not insubstantial. A financial interest is not necessarily a conflict of interest under article iii section 2. A person who has a financial interest may have a conflict of interest only if the appropriate governing board or committee decides that a conflict of interest exists. Article iii-procedures 1. 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. 2. 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 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. 3. Procedures for addressing the conflict of interest-an interested person may make a presentation at the governing board or committee meeting but after the presentation 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 isa 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 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 organizations 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. 4. Violations of the conflicts of interest policy-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 oppor”

“The president is an active member of other not for profit organizations and is also active in business. The president does compare compensation to other not for profits and industry standards.”

“AVAILABLE UPON REQUEST.”

“Development expenses: program service expenses 632,114. Management and general expenses 0. Fundraising expenses 0. Total expenses 632,114. Professional fees/payments to contractors: program service expenses 0. Management and general expenses 1,578. Fundraising expenses 0. Total expenses 1,578.”

“Bank service charges: program service expenses 20,217. Management and general expenses 12,967. Fundraising expenses 0. Total expenses 33,184. Bad debt: program service expenses 29,517. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,517. Telephone: program service expenses 6,558. Management and general expenses 4,372. Fundraising expenses 0. Total expenses 10,930. Dues and subscriptions: program service expenses 0. Management and general expenses 1,460. Fundraising expenses 0. Total expenses 1,460.”

“Amended 2023 tax return. Taxpayer is preparing an amended tax return as audited financial statements were issued after the extended due date of the originally filed tax return. Changes to the tax return include: form 990 parts i, iii, viii, ix, x, and xi. In addition, schedule d parts x, xi, and xii.”