Eight Cap Inc.

“The organization's articles of incorporation and bylaws were updated and adopted by the full board in july, 2018. The bylaw changes aimed to bring the organization into compliance with the applicable state and federal governing bodies for nonprofits. The new bylaws cover such items as changes to powers of the governing board, structure and responsibilities of the board, aligning board agendas with guidelines established in robert's rules of order, liability and indemnification update and updating of the committee structure. Two articles of the articles of incorporation were amended. Article v was amended to change the governance structure from a membership organization to a directorship organization. Furthermore, article ix was amended to add language to safeguard eightcap's status as a federally recognized nonprofit under section 501(c)3 of the internal revenue service code (changes include establishing the purposes of the agency, limiting its ability to influence legislation, prohibiting it from participating in political campaign activity, prohibiting any of its profits from benefiting shareholders or individuals, and describing the parameters for asset distribution upon its dissolution).”

“Vp for finance reviews the 990 for accuracy and prepares an overview. Both documents are provided to the board for their review prior to submittal. A copy of the submitted 990 is included in a board packet and is addressed during the financial report at a regularly scheduled board meeting.”

“Employees are required to disclose any conflicts of interest to their supervisor per our personnel policies. Our procurement policies include a section on code of conduct and conflict of interest. Each procurement transaction is reviewed to ensure there is no conflict of interest prior to approval of the transaction. Board "candidates" are required to disclose possible conflicts of interest. Once seated, board "members" complete and sign a conflict of interest form on an annual basis. They also have a continuing obligation to disclose promptly and fully any actual or potential conflicts of interests.”

“The governing board of directors approves the salary/wage rates of all employees. The personnel department conducts periodic wage comparability studies.”

“We make our governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The process for selecting and overseeing the work of the independent auditor has not changed from prior years.”