Oyate Teca Project Inc

“The organization does not currently have in place a formal process to review compensation of officers or key employees in conjunction with comparable data. However, the board of directors does approve all pay rates and is confident wages are not excessive.”

“Form 990 is prepared by a qualified cpa. The board of directors receives a copy to review prior to filing with the irs.”

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax- exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investments or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews, the organization may, but need not, use outside advisors. If outside experts are used their use shall not relieve the governing board of its responsibility for ensuring periodic reviews are conducted. Those with potential conflicts are not allowed to be present while remaining members vote on existence of conflicts. If a conflict exists, due diligence must occur to obtain a more advantageous arrangement with an independent person. If such an arrangement can't be found, a majority vote of disinterested persons is required to proceed.”

“Documents are available to the public on request.”