Alaska Maritime Prevention and Response Network

“The organization changed from offering services to the maritime community as a whole to offering services only to Alaska Chadux Network in recognition of the consolidation to form Alaska Chadux Network.”

“The return is reviewed by the Vice President/Business Manager and approved by the President/CEO and is available on the Directors' secure website for their awareness. The Organization's 990 is also reviewed by general counsel.”

“Yes, this is done annually during the fourth quarter at the Annual Board Meeting in December.”

“An independent study was conducted for appropriate compensation banding for all staff and officers, and is reviewed by the Board of Directors.”

“An independent study was conducted for appropriate compensation banding for all staff and officers, and is reviewed by the Board of Directors.”

“All documents are available upon written request.”

“Beginning with the start of the new fiscal year (January 1, 2021), Alaska Marine Prevention & Response Network consolidated operations with Alaska Chadux Corporation, moving assets as well as all operations except R&D and some grant work.”

“AK-MPRN contracts vessel tracking and monitoring to another tax-exempt entity, Marine Exchange of Alaska. The former Chairman of AK-MPRN Board of Directors is also the Executive Director at the Marine Exchange of Alaska who resigned from the Network's Board of Directors in October 2016, but is still considered an "Interested Person." The amount paid for services rendered during the year ended December 31, 2020 was $900,000. A new APC provider entered the market space in 2015 and subsequently another one in 2016. Any ongoing and future contracts with the Marine Exchange of Alaska needs to ensure payment is fair and reasonable to ensure no excess benefits are being provided to this related party.”

“Norman Custard, President & CEO serves on the board of Alaska Chadux Corporation which provided oil response resources of $739,500.”

“Prior Period Adjustment 2020 Financial Statement Note XIV - Alaska Network recorded an opening balance adjustment to increase prepaid expenses and decrease beginning net assets without donor restrictions. The balance of prepaid expenses was understated in FY19 by $294,736. Opening net assets without donor restrictions was adjusted as follows: 2019 Without Donor Restrictions _____________ Net assets, without donor restrictions: Beginning of year, as originally stated $ 2,880,177 Prior period adjustment 294,736 _____________ Beginning of year, as restated $ 3,174,913 =============”