Isc2 Charitable and Educational Foundation

“The center is governed by a committee (board of trustees) as determined by the isc2 directors. Removal or resignation of a trustee, with or without cause, is subject to approval by the isc2 board of directors and any such trustee who ceases for any reason to be director of isc2 shall be deemed to have resigned simultaneously as a trustee. The officers of the center shall automatically be the officers of isc2 and without separate action by the trustees.”

“The terms of the center's bylaws may be modified only by the vote of the board of directors of isc2. Upon termination of the center, the board of directors of isc2 shall dispose of all of the assets of the center in accordance with the center's bylaws.”

“Committee actions result in recommendations to the board which are presented to the board as a motion and then acted upon by the board which is documented in board minutes.”

“Form 990 is made available to the board for analysis and comments prior to filing with the irs.”

“Written annual disclosures are summarized and circulated among all board members who then sign off on the summarization stating they are aware of any noted conflicts. Furthermore, board members are required to recuse themselves from voting on any actual, potential, or perceived conflict.”

“Compensation is determined and paid by isc2, a related 501(c)(6) organization. As such, questions 15a and 15b have been answered "no" in accordance with the form instructions. The process used by isc2 to set compensation is detailed below. Compensation for the chief executive officer is recommended by the compensation committee of the board of directors. Compensation levels are determined by vote of the board. Compensation for employees other than the chief executive officer is determined by a department supervisor and approved by the hr department. Employees fall within various hierarchy levels (e.g. Staff, supervisor, manager, director, officer) and salary ranges for these levels are reviewed by various senior management members and hr consultants to ensure that compensation is reasonable according to the determined job responsibilities.”

“The audited financial statements and form 990 are available upon request. Requests may be made to debra taylor, cfo, isc2, 311 park place blvd, suite 400, clearwater, fl 33759.”

“The center's payroll is reported under isc2, a related 501(c)(6) organization. The center reimburses isc2 for its share of payroll expenses. Isc2 has filed all required employment tax returns.”

“Loss on fx transactions -31.”

“The center is included in the consolidated financial statements of international information system security certification consortium inc. And subsidiaries (isc2). According to isc2 policies and procedures, the corporation shall have an annual financial audit by a licensed certified public accountant. The board, based upon recommendation by the audit committee, shall appoint the auditor. The audit report shall be presented to the audit committee. A summary of the audit report shall be available to any member of the constituent members class upon written request. This process has not changed from the prior year.”