Badger Institute Inc.

“The organization amended its bylaws to include board approval for all expenditures in excess of $10,000, allow for action by written consent of two-thirds of the board, and allows for directors to consent and attend meetings using current technology.”

“The board members are given a copy of the return before it is filed.”

“The organization has a written conflict of interest policy which is given to board members annually to complete and disclose any interests that could give rise to conflicts. These disclosures are reviewed by management annually and any conflicts are conveyed at the meeting of the board of directors after signed documents have been received.”

“Initial compensation for the recently hired president was determined by the search committee, comprised of several board members. With assistance from external sources, the committee determined that compensation to be paid to the president was reasonable and comparable to amounts paid by similarly situated organizations. The annual compensation review is conducted by the chairman and approved by board members. Various compensation surveys of similarly situated organizations are used in the review process.”

“Currently the organization's governing documents, financial statements, and conflict of interest policy are not made available to the public. The public disclosure of these documents is not required by the internal revenue code. The organization's financial information is disclosed on this form 990.”

“The board of directors as a group assumes responsibilty for the oversight of the audit, review, or compilation of its financial statements and selection of an independent auditor as the organization does not have a separate committee to perform that oversight.”