Consiliumbots Inc.

“Cb hires an independent cpa firm to prepare the federal form 990. After preparation of the federal form 990, management reviews the draft federal form 990. Once any questions or corrections are addressed, the draft federal form 990 is then distributed to the full board of directors to review and approve, once approved, it is filed with the irs.”

“Cb circulates the conflict of interest policy to each board member and officer. Cb obtains an annual sign statement from each board member and officer that includes the following: 1) the board member or officer received a copy of the conflict of interest policy. 2) the board member or officer has read and understands the policy. 3) the board member or officer has agreed to comply with the conflict of interest policy. 4) the board member or officer understands that cb is a charitable organization and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax- exempt purposes. The procedures are as follows: 1) a person with the conflict may make a presentation at the board meeting, but after the presentation, the person with the conflict is required to leave the meeting during the discussion and the vote on the transaction or arrangement involving the possible conflict of interest. 2) the board if appropriate will appoint a disinterested person to investigate alternatives to the proposed transaction or arrangement. 3)after exercising due diligence, the board will determine whether cb can obtain a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. 4) if a more advantageous transaction or arrangement is not reasonably possible under the circumstances not producing a conflict of interest. The board will determine by a majority vote of the disinterested directors whether the transaction or arrangement is in cb's best interest and whether it is fair and reasonable. 5) the existence and resolution of the conflict is required to be documented in the corporation records, including the minutes of any meeting in which the conflict was discussed or voted on.”

“Cb takes the following steps when determining the appropriate level of compensation for its officers and key contractors: 1) the coo reviews outside reports and surveys, such as those available from salary.com and guidestar to determine the average compensation and range of compensation currently being paid to persons in similar positions in new york and chile areas. In determing whether the compensation is reasonable, the coo considers the amount of time the individual spends in their position, the expertise and other pertinent background of the individual and the need for the services of the particular individual. 2)the coo summits his findings and suggests compensation amount to the board of directors for their approval. 3) cb enters into independent contractor agreement with the officer or key contractor to document cb's contractual arrangement with the officer or key contractor. The independent contracor agreements are signed by the officer/key contractor and the ceo. 4) the coo is not involved in deciding his own level of compensation. The ceo of cb was not compensated for his services for the year ended december 31, 2020. The board believes that the cto compensation is below the current market rate. The cto left the cb during 2020 and was not replaced.”

“Copies of cb's reviewed financial statements, form 990, form 1023 and cb's bylaws are posted on www.charitiesnys.com website.”

“Cb's accomplishments were as follows for the year ended december 31, 2020: 1) cb estimated that for the year ended december 31, 2020, 862,000 students in 7 countries have interacted with consiliumbots "smart-platforms- or "virtual assistants" during the process of selecting a school or a post- secondary education option. On this work cb has so far spend approximately one dollar for each student and their families that benefited from the various platforms, which is expected to fall even further as economies of scale are achieved. 2) cb worked with the government of chile to continue to implement and evaluate on component of "smart platforms" - the application assistant - as part of the national coordinated single offer assignment system for primary and secondary schooling. Prior research conducted in new york city high school assignment system showed that uncoordinated offers in school assignment mechanism resulted in students being initially unassigned and placed at less desirable schools and other in efficiencies. Cb affiliated researchers has now shown that implementing personalized feedback strategies in a coordinated system further improves these outcomes. Cb worked with researchers and policymakers in the following areas: a) to develop new innovations in real-time feedback on assignment probabilities that were shown to increase the rate of students assigned to schools and average academic performance at the end of the process. B)to develop new innovations in real-time feedback on assignment probabilities to increase the rate of students assigned to more desirable schools to better suit the students knowledge and interests based on the data collected. 3) cb worked with the local government and inter-american development bank ("iadb") to implement new coordinated single offer assignment systems with "smart platforms" concepts, in three countries. In two countries, brazil and ecuador, the system was implemented by cb entirely and carried out in the pilot cities of manta, ecuador and pernambuco, brazil. In peru, cb assisted the government in the design of the system and implemented the assignment algorithm and provided outreach and information services, while the government captured preferences and registered families. These three pilot cities are significant in that they represent the first step in the scale-up of the innovations to new countries and context that implement learning gained from the experiences in chile and new haven, ct. 4) cb implemented personalized warnings and feedback reports in five centralized school application platforms in brazil, chile, ecuador, peru and in new haven, ct. All of these information interventions were implemented with an experimental design that has allowed doctorate degree students and assistant professors to analyze the causal impact of these experiences, confirming positive results already found in the case of chile in prior years. 5) cb implemented personalized feedback and exploration tools in the context of post-secondary education in colombia, chile and the dominican republic. These virtual assistants help students select a higher education specialty and learn how to finance it. In colombia, this was implemented in partnership with the colombian institute for the promotion of higher education ("icfes"), while in chile and the dominican republic it was done in partnership with the ministry of education.”

“6) cb has also contributed to the generation of knowledge, collaborating with a network of affiliated researchers described in its webpage (www.consiliumbots.com). For the year ended december 31, 2020, cb has accumulated 20 academic projects, 11 of which include a rigorous impact evaluation with promising preliminary results. Cb presented its work in a conference in washington dc organized by the iadb and also held an internal conference where affiliated researchers discussed ongoing projects and potential collaborations. During 2020, cb made progress developing and planning a product portfolio that allows cb to offer value to policymakers, educational institutions and families throughout the educational decision-making process. These products will allow cb to offer its services in systems throughout the latin american region and the us. Cb expects to expand its current network of partners and affiliated researchers and to be able to leverage its current products portfolio to offer its services with lower costs and higher revenues in order to achieve a long term financially viable strategy.”

“Office expensers 0 3,475 0 rent expense 0 3,121 0 travel 2,743 630 0 insurance 0 619 0 bank charges 0 1,985 0 amortization 66,993 0 0 miscellaneous 0 185 0 advertising and marketing 394 1,788 0 total 70,130 11,803 0”