Volcker Alliance Inc.

“THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 was reviewed by the audit committee and then FORWARDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH DIRECTOR WAS PROVIDED AN OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.”

“This conflicts of interest policy requires all board of directors members, officers, and key employees to annually disclose any potential conflicts of interest with the organization through a questionnaire. These questionnaires are monitored annually and potential conflicts are immediately addressed by the organization. The current year questionnaires have not revealed any conflicts that required action by the alliance. If a conflict does arise, the trustee is asked to withdraw from any discussion or decision-making with respect to the matter in which the conflict of interest arises.”

“THE ALLIANCE UTILIZED THE SERVICES OF A PROFESSIONAL EXECUTIVE SEARCH FIRM TO LOCATE THE CURRENT PRESIDENT. SALARY BENCHMARKING WAS PERFORMED BY THE EXECUTIVE SEARCH FIRM, BUT THE FINAL DETERMINATION AS TO THE PRESIDENT'S TOTAL COMPENSATION PACKAGE (INCLUSIVE OF SALARY AND BENEFITS) WAS DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE UNDER DELEGATED AUTHORITY FROM THE BOARD OF DIRECTORS. THE TERMS OF THE PRESIDENT'S COMPENSATION PACKAGE WERE MEMORIALIZED IN A WRITTEN EMPLOYMENT CONTRACT UPON HIRING. The compensation amount was suggested by outside consultants with consideration of the Alliance size and budget. This compensation was reviewed by the compensation committee and approved by the full board in June 2016.”

“Salary benchmarking for other officers and key employees is performed by the director of finance and human resources using comparability data. However the final determination as to total compensation is determined and approved by the compensation committee under delegated authority from the board of directors on an annual basis. This process is documented.”

“The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but if requested, will be provided at management's discretion.”

“PROGRAM CONSULTANTS - Total Expense: 710560, Program Service Expense: 696775, Management and General Expenses: 12648, Fundraising Expenses: 1137; PAYROLL FEES - Total Expense: 6219, Program Service Expense: 3747, Management and General Expenses: 2386, Fundraising Expenses: 86; COMMUNICATIONS & PUBLIC RELATIONS - Total Expense: 5043, Program Service Expense: 3038, Management and General Expenses: 1935, Fundraising Expenses: 70; OTHER PROFESSIONAL FEES - Total Expense: 79845, Program Service Expense: 48098, Management and General Expenses: 30637, Fundraising Expenses: 1110;”