Dolphins Cycling Challenge Inc.

“THE FOLLOWING OFFICERS OF THE ORGANIZATION HAVE A BUSINESS RELATIONSHIP: MARCUS BACH-ARMAS (SECRETARY/MEMBER), TOM GARFINKEL (DIRECTOR/MEMBER), CHRIS CLEMENTS (TREASURER/Director), Jennifer Jehn (Executive Director) AND MYLES PISTORIUS (GENERAL COUNSEL) ARE ALL EMPLOYED BY THE MIAMI DOLPHINS.”

“Tom garfinkel, nat moore and marcus bach-armas are the sole members of the organization. Form 990, part vi, section a, 7a the organizations by-laws grant the members with the right to elect directors, the power to adopt and amend by-laws, and the right to vote on certain amendments to the organizations articles of incorporation.”

“The organization provides a copy of form 990 to the directors prior to its filing. The directors have the opportunity to review it and make comments. There is not a formal procedure in place for this procedure.”

“The organization reviews with its officers and directors on an annual basis whether they have any interest that could give rise to conflicts with the organization. If the officers or directors indicate there is a conflict they have to disclose such in a written statement to the organization. In addition, if the organization is going to undertake a significant purchase or transaction, there is another request for the officers and directors to indicate whether they have any conflict of interest with that entity.”

“The organizations governing documents and financial statements are available to the public upon request.”

“Current compensations reported on part ix lines 5, 7, 9, and 10 are comprised of salary reimbursements paid to the miami dolphins for certain employees' duties directly related to the organization operations. These employees' wages are reported on form w-3 filed by the miami dolphins organization.”

“Form 990, part ix: statement of functional expenses the organization conducts various activities throughout the year to raise funds to fulfil its exempt purpose. Expenses reported on part ix are directly related to conducting these activities and therefore considered as program service expenses. Administrative services for the organization were provided by employees of miami dolphins, an unrelated organization, with no fees. Donations of services are not reportable on the return.”