Phastar Corp

“A copy of the form 990 was provided to the board of directors prior to filing.”

“At the first board meeting of the year, each board member is asked to read the conflict of interest policy and submit any potential conflicts.”

“A.the executive committee annually evaluates the performance of the chief executive director and chief operating officer. Compensation is based on performance and compared to other area mission-comparable organizations of similar size.”

“B.compensation for the staff within the organization is determined by the chief operating officer. The level of compensation is set based on performance and in relation to other area mission-comparable organizations of similar size. This compensation is a component of the budget, which is reviewed and approved by the finance committee and also by the board as a whole.”

“The federal form 990 is provide to anyone who submits a written request.”

“Consistent with the requirements of section 6104 (d) of the irc and the regulations thereunder, copies of the organization's governeing documents shall be made available upon request, in a timely manner and subject to the charges permitted by law to any individual who requests them”

“Over the past fiscal year, argonaut has worked to strengthen its' partnerships and expand its' scope of work. The organization created a formal partnership with port of cleveland, taking over the annual seasonal operation of jetsam flotsam, the port's cleaning vessels. Through this partnership, argonaut staffs and mans the operation of the vessels on the water, 40 hours a week, 6 months a year. Each shift includes both paid and trained staff, along with 2-3 student interns, who receive 5-7 hours of weekly training and paid work experience. Argonaut and youth opportunities unlimited created a partnership in the winter of 2022, to increase the number of students who were provided with both maritime and aerospace internships, providing both funding support and backend hr functions, freeing up argonaut to focus on the industry partners and supervision of the experience. As a result, the organization was able to increase internships by 238% over the year prior. We also were able to jointly leverage the partnership to increase awareness of career training through summer work experience and are currently in the process of jointly offering an additional 16 students with fall internships, further growing our reach. Through an overhaul of the organization's brand identity, argonaut was born in june of 2022. The organization has built upon this new brand, strengthening its' alignment with the davis aerospace and maritime high school, establishing shared goals and outcomes, creating instructure and systems for how the two entities work together and committing to elevating the rigor of the school day and the quality of experiential learning. Student recruitment continues to grow with 2023 being the largest freshman class. In addition, 2023 introduces the largest graduating class. Argonaut remains committed to continuing to grow its' industry reach and create pathways for student succession in the fields of maritime and aerospace.”