Merlin'S Magic Wand Foundation

“The Organization's five voting board members are compensated employees of related organizations and therefore are not independent as that term is defined in the Form 990 instructions. None of the board members have engaged in business transactions with the Organization nor otherwise have relationships that would impair their independence. Each of the board members meet the volunteer exception outlined in the Form 990 instructions and therefore the compensation paid to them by the related for-profit entities is not disclosed on Form 990, Part VII.”

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The compensation of the Organization's Foundation Manager is paid by a related organization, Merlin Entertainments Group US Holdings, Inc. The Foundation Manager's compensation is annually reviewed by the Organization's Board of Directors who do not have a conflict of interest with respect to the Foundation Manager. The Board utilizes comparability data and contemporaneously substantiates its deliberations and decisions. The Foundation generally reimburses its related organization for the amount of compensation paid to the Foundation Manager.”

“The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements.”

“The Organization's Board of Directors, or a committee thereof, assumes responsibility for the oversight of the review of its financial statements and the selection of an independent accountant. This process has not changed from the prior year.”