The Alpheios Project Ltd

“Three members of the board of directors of the corporation, harry diakoff, bridget almas, and michael gursky (collectively, the "directors"), do maintain an outside business relationship. Directors almas, diakoff and gursky are the founding and existing three members of alpheios technical services, llc, a limited liability company and commercial venture formed pursuant to the limited liability company law of new york. The llc was formed to provide software consulting resources to various third parties, including, but not limited to, the corporation. Software consulting services provided by the llc may be used to further develop the project's resources or for unrelated products or services. The directors of the corporation share an outside business relationship but the corporation does not have an independent business relationship with any of the directors.”

“A copy of form 990 is provided to the organizations governing body for approval prior to filing.”

“A conflict of interest will be deemed to exist whenever an individual is in the position to approve or influence corporation policies or actions which involve or could ultimately harm or benefit financially: (a) the individual; (b) any member of his immediate family; or (c) any organization in which he or an immediate family member is a director, trustee, officer, member, partner or more than 10% shareholder. The secretary of the corporation shall distribute annually to all directors and officers, a form solicitating the disclosure of all conflicts of interest, including specific information concerning the items of any contract or transaction with the corporation and whether the process for approval set forth.”

“The board of directors must approve in advance the amount of all compensation for officers of the corporation. Before approving the compensation of an officer, the board shall determine that the total compensation to be provided by the corporation to the officer is reasonable in amount in light of the position, responsibility an qualification of the officer for the position held, if applicable. In making the determination, the board shall consider total compensation to include the salary and the value of all benefits provided by the corporation to the individual in payment for services. At the time of the discussion and decision concerning an officer's compensation, the officer should not be present in the meeting. The board shall obtain and consider appropriate data concerning comparable compensation paid to similar officers in like circumstances. The board shall set forth the basis for its decision with respects to compensation in the minutes of the meeting at which the decisions are made, including the conclusions of the evaluation and the basis for determining the individuals compensation was reasonable in light of the evaluation and the comparability data.”

“The corporation makes its governing documents, conflict of interest policy, and financial statements available to public upon request.”

“Contract services: program service expenses 184,568. Management and general expenses 1,186. Fundraising expenses 0. Total expenses 185,754.”