Dolphins Cycling Challenge Inc.

“The following officers of the organization have a business relationship: tom garfinkel (director), chris clements (treasurer/director), javier sanchez (executive director), myles pistorius (general counsel), and marc weinroth (secretary) are all employed by the miami dolphins.”

“Tom garfinkel, nat moore and marcus bach-armas are the sole members of the organization.”

“The organization's 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 organization's articles of incorporation. The board of directors of the organization are ratified by the members. Members may be employees, officers, directors or owners of the miami dolphins organization, but are not required to be and act as volunteers for the organization in their own capacity and not as representatives of the dolphins organization.”

“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.”

“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 organization's governing documents and financial statements are available to the public upon request.”

“Compensation paid by miami dolphins, ltd., a related organization, to board members/officers in their sole capacity as employees/owners of miami dolphins, ltd. Is not reported due to the volunteer exception. Miami dolphins, ltd. Is an entity operated for-profit, is not owned or controlled (directly or indirectly) by the filing organization or any other related tax-exempt organization and does not provide management services to the filing organization for a fee. All board members, members and officers of the filing organization act as volunteers in their own capacities and not as representatives of miami dolphins, ltd.”

“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.”