Open Squash Inc.

“Per by-laws adopted in 2016 - the corporation shall have as its sole member, david ellen (or heirs). If and when the corporation has paid off in full, including any accrued interest, any and all outstanding indebtedness to david ellen (or heirs), the sole member shall add the then-current directors as additional members. Effective may 2020, the by-laws were amended to state that david ellen will continue as the sole member even after the debt is satisfied.”

“DAVID ELLEN”

“Same as explanation to line 6 and 7a above.”

“There is no committee with authority to act on behalf of the governing body.”

“The 990 is distributed to all board members for review and comments prior to filing with the irs.”

“Each director, officer and senior staff member has three core obligations: a duty of care, a duty of loyalty and a duty of compliance with law and policies. Any time the organization seeks to transact business with a related person where the officer, director, or senior staff member has a way to financially gain personally from the arrangement, the director, officer, senior staff member must disclose in writing the situation to the president and secretary and thereafter recuse himself or herself form all deliberations and decisions regarding the arrangement (except to provide information and answer questions upon request). Further, the non-conflicted decision makers should not enter into any such arrangement that are more favorable to the individual compared to arrangements that would be available with respect to similarly-situated, unaffiliated third parties.”

“The form 1023 and annual forms 990 are available for public inspection on publicly accessible databases maintained by various sources, including ny attorney general's website. These documents may also be requested directly from the organization provided reasonable time is given to fullfill the request for information.”

“These documents may be requested directly from the organization provided reasonable time is given to fulfill the request for information.”

“The board meets regularly to discuss all matters including all financial and audit matters.”

“At the time of filing, the organization is in the process of completing its 2021 audit. During the audit process several adjustments were made resulting in a prior period adjustment to retained earnings. The majority related to the nca settlement. The prior year return showed a $500,000 nca expense being recognized over time for gaap purposes, it should have been taken as an expense in one year. The organization plans to amend the 2021 return once the audit is complete.”