Openstack Foundation

“There are three types of members: (1) Platinum, (2) Gold, and (3) Individual.A. Individual members can join for free and participate on their own or as part of their paid employment. These members have a right to run for, and vote for, a number of leadership positions.B. Platinum members are companies which make a significatn strategic commitment to OpenStack in funding and resources. Platinum members have a high level of involvement in OpenStack in strategy and resources. Platinum members each appoint a member to the Board of Directors.Platinum Member Requirements:1. Corporate strategy aligned with OpenStack Mission.2. Provide $500,000 per year in funding to the Foundation.C. Gold members are companies which provide funding and resources, but at a lower level than Platinum members. Gold members as a class elect representatives to the Board of Directors.Gold Member Requirements:1. Corporate strategy aligned with OpenStack Mission.2. Provide an amount equal to company revenue times 0.025%, with a minimum of $50,000 and a maximum of $200,000.”

“The Executive Director/Treasurer and Chief Operating Officer will review the 990 before filing.”

“The board is required, at least annually, to disclose any conflicts of interest.”

“A compensation committee, comprised of board members who also serve as board members for other nonprofit organizations, determine officer compensation based on compensation of officers in similar nonprofit organizations, industry standards, and officer experience.”

“Upon written request, these documents will be made available for public inspection.”

“Adjustment of 2014 production costs in 12/31/14 payables = -$19280”

“Write-off of 12/31/14 member dues A/R reported as revenue = -$500000”