Altarum Institute

“Process used to review the Form 990 1. IRS Form 990 is prepared externally by Altarums tax accounting firm. The process is managed by the office of the Chief Financial Officer. With appropriate guidance from the tax accountants, information gathering and reporting is primarily conducted by the Controller. As part of the information gathering process, the Controller works with Altarum Institute Officers and other managers as necessary. 2. The Chief Financial Officer, who is also a Trustee of Altarum Institute, presents the completed draft Form 990 to the Chair of the Nominating and Governance Committee of the Altarum Institute Board of Trustees. This Committee has been designated by the Board to review the Form 990 to either approve as written or make suggested modifications, drawing upon whatever Board Committees or individual Trustees it deems necessary. 3. Once reviewed and approved for submission, the Chair of the Nominating and Governance Committee notifies the Chief Financial Officer that the Form is ready for submission to the IRS. 4. The Chief Financial Officer provides a copy of the Form 990 to each member of the board of trustees prior to filing. 5. The Chief Financial Officer instructs the external tax accountants to finalize the IRS Form 990 and present it for signature and filing with the IRS.”

“Monitoring and enforcement of compliance with conflicts of interest policy Annually, each member of the Board of Trustees and every officer must complete and submit a disclosure form to the Director of Legal Affairs. Included in the disclosure form is any employment, board membership, compensatory arrangements, material interests, etc. with other entities. The Director of Legal Affairs inputs all of the information into a database so that material transactions can be checked against all of the data provided in the disclosure forms. Also, pursuant to policy, the board members and officers have to disclose any interests in or relationship with an entity that Altarum is pursuing a transaction with (at the time the board member or officer becomes aware of the potential transaction). In the event of a potential conflict of interest, the interested person must disclose all material facts, and the disinterested board members (without the interested person) discuss and vote upon whether or not an actual conflict of interest exists. If a conflict of interest exists, then alternative transactions or arrangements will be sought out and considered. If no alternative transaction is suitable, the disinterested members of the board determine whether or not the conflicted transaction is in Altarum's best interests and determine if the terms of the transaction are fair and reasonable. Upon a conflict of interest occurring that was not disclosed, the interested person must explain the failure to disclose the alleged conflict. After hearing the explanation and conducting any necessary further investigation, the board will take appropriate disciplinary and corrective action.”

“Process for determining compensation The Altarum Institute Compensation Committee meets every year for the purpose of reviewing, determining and approving compensation for the executive employees of Altarum Institute. The committee meets in February to evaluate the reasonableness of the amount and conformity with Altarum Institute policies and prior Committee approvals. Review of prior year total compensation also occurs at the February meeting. Executive Positions included in review are: 1. President & CEO 2. Chief Financial Officer 3. Chief Operations Officer 4. Chief HR Officer 5. Chief Development Officer 6. Group Operations Director(s) 7. Business Development Officer 8. Corporate Controller 9. Corporate Information Security and Technology Officer The following information is considered as part of the determination of compensation: 1. Independent and current Salary Survey information compiled by Mercer Human Resource Consulting. 2. Independent and current Salary Survey information compiled by Watson Wyatt Worldwide. 3. Independent and current Salary Survey information compiled by Economic Research Institute. 4. Review of employee performance evaluation data summarized by the President and CEO. After discussion, assuming there are no issues with the reasonableness of the compensation as documented in the record, all members of the Compensation Committee vote on the compensation presented. IF THE COMPENSATION COMMITTEE APPROVES THE COMPENSATION PACKAGES PRESENTED AS REASONABLE AND IN CONFORMITY WITH ALTARUM INSTITUTE POLICIES, THE COMPENSATION COMMITTEE SUBMITS THE COMPENSATION PROVISIONS OUTLINED FOR APPROVAL BY THE BOARD OF TRUSTEES. AFTER REVIEWING THE RECOMMENDATION OF THE COMPENSATION COMMITTEE, THE BOARD OF TRUSTEES VOTES ON THE RECOMMENDATIONS.”

“Process for making documents available to the public All Available Upon Request”

“OTHER CHANGES IN NET ASSETS Loss FROM SUBSIDIARIES - ($1,014,544)”

“Required Audit A-133 Audit Completed”

“Description:subcontract fees total fees:9993093”