Three Gaits Inc.

“The organization amended its bylaw to: allowing directors to send emails or notes to the president as well as the secretary when a vote is taken by phone; indicate that attendance at board meetings may be in person, via phone, or by electronic means; changed the attendance policy from automatic removal of board members who fail to attend three consecutive meetings without excused absences to having a vote at the next board meeting to determine if the absentee board member should be removed; change the chairperson officer position title to president; indicate that each committee will annually review its membership and the need to continue meeting; change the notice for meetings from not less than five days nor more than thirty days before the date of the meeting to not less than seven days before the date of the meeting; allow for notice of special meetings to include notice via phone; change the notice of proposed bylaw changes and dissolution of the organization from two weeks to four weeks notice being made to each member; and updating the duality of interest section to requiring an annual disclosure submission by each board member, review of said reports by the president of the board, resolution by either abstinence from participating in discussion and voting on a specific issue or removal from the board, and requiring the disclosure forms be kept for a minimum of seven years.”

“The prepared form 990 is emailed to the organization's executive board. Members of the finance committee then review the form 990 before being filed with the internal revenue service.”

“The conflict of interest policy is monitored and enforced by the board as a whole along with the executive director. In each instance where it has been invoked, it was invoked by the board member who had a potential conflict.”

“The executive director's salary is reviewed by the board of directors and is based on an industry average.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Change in beneficial interest in assets held by madison community foundatio 2,007. Loss on fixed asset disposal -2,550.”