Underground Development Foundation C/O Lowline

“The board of directors reviews form 990 prior to giving approval for its filing.”

“Board members are required to disclose any potential or actual conflicts of interest in writing as they arise, such disclosure to be updated on an annual basis. In the course of meetings or activities, the board member will disclose any interests in a transaction or decision where the member (including any business or non profit affiliations thereof), his or her family, employer or close associates will receive a benefit or gain. After disclosure, the member will leave the room for the discussion and will not be permitted to vote on the question.”

“The finance committee and treasurer, in conjuction with the budgeting process, review compensation of management and key employees. Comparable salary information is acquired from public sources and considered as part of the determination of salary levels.”

“AVAILABLE UPON REQUEST.”

“Research and development: program service expenses 35,556. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,556. Licenses and permits: program service expenses 26,794. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,794. Program expenses: program service expenses 18,187. Management and general expenses 0. Fundraising expenses 0. Total expenses 18,187. Repairs and maintenance: program service expenses 14,849. Management and general expenses 2,361. Fundraising expenses 0. Total expenses 17,210. Computer and internet expense: program service expenses 0. Management and general expenses 1,728. Fundraising expenses 12,393. Total expenses 14,121. Printing, shipping and postage: program service expenses 53. Management and general expenses 2,180. Fundraising expenses 6,818. Total expenses 9,051. Bank charges and processing fees: program service expenses 376. Management and general expenses 5,946. Fundraising expenses 719. Total expenses 7,041. Telephone: program service expenses 0. Management and general expenses 3,576. Fundraising expenses 0. Total expenses 3,576. Marketing and communications: program service expenses 0. Management and general expenses 546. Fundraising expenses 2,595. Total expenses 3,141. Dues and subscriptions: program service expenses 0. Management and general expenses 1,671. Fundraising expenses 165. Total expenses 1,836. Outside service: program service expenses 0. Management and general expenses 0. Fundraising expenses 850. Total expenses 850.”

“Loss on impairment of solar technology equipment -147,833.”

“The organization's finance committee meets regularly and is responsible for the oversight and selection of the independent auditor.”