Charles Koch Institute

“The class a member has the ability to appoint successor class a members, serve as chair of the board of directors or appoint chair of the board of directors, determine the size of the board of directors, elect the board of directors, remove the board of directors, and approve major transactions approved by the board.”

“The organization has one membership class. The membership class consists of one class a member.”

“An independent accounting firm prepared and reviewed the form 990. A full draft of the 990 along with all required schedules is then provided to internal management and legal counsel for review. All questions are addressed and any modifications are made, if necessary.”

“THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS PROPOSED TRANSACTIONS WHERE INTERESTED PERSONS (I.E., BOARD MEMBERS AND OFFICERS) MAY HAVE A FINANCIAL INTEREST IN A TRANSACTION BEING CONSIDERED BY THE BOARD OF DIRECTORS OR A COMMITTEE THEREOF. THE BOARD OR COMMITTEE THEREOF HAS VARIOUS OPTIONS TO ADDRESS THE PROPOSED TRANSACTION AND WHETHER IT PRESENTS A CONFLICT OF INTEREST, INCLUDING EVALUATING THE FAIRNESS OF THE TRANSACTION, WHETHER TO APPOINT A DISINTERESTED PERSON(S) OR COMMITTEE TO EVALUATE THE TRANSACTION, CONSULTING LEGAL COUNSEL, ETC. The organization recently updated its conflict of interest policy for directors, officers, and key employees and each of them acknowledged the new policy.”

“The organization makes all required disclosures available to the public under irs regulations.”

“OTHER PROFESSIONAL FEES - Total Expense: 324731, Program Service Expense: 2338, Management and General Expenses: 322393, Fundraising Expenses: 0; PROGRAM SPEAKERS - Total Expense: 400, Program Service Expense: 400, Management and General Expenses: 0, Fundraising Expenses: 0; PLACEMENT & TEMP FEES - Total Expense: 86950, Program Service Expense: 86950, Management and General Expenses: 0, Fundraising Expenses: 0;”

“PARTNERSHIP INCOME - -2458559; Total - -2458559;”