Civic Intelligence

Raiders Foundation

990 • Fiscal year 2017 • EIN 46-3103327

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

1220 Harbor Bay ParkwayAlameda, CA 94502

(510) 864-5000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

90th percentile

44%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$50,084

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

94th percentile

165%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

117%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$338,300

Up $210,776 (+165%) from 2016

Net Assets

Up

$338,300

Up $210,776 (+165%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$400,070

Up $215,568 (+117%) from 2016

Expenses

Up

$222,294

Up $13,774 (+6.6%) from 2016

Net Income

Up

$177,776

Up $201,794 (+840%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2015: $151,542Liabilities 2015: $0Net Assets 2015: $151,5422015Assets 2016: $127,524Liabilities 2016: $0Net Assets 2016: $127,5242016Assets 2017: $338,300Liabilities 2017: $0Net Assets 2017: $338,3002017Assets 2018: $74,151Liabilities 2018: $0Net Assets 2018: $74,1512018Assets 2019: $261,467Liabilities 2019: $0Net Assets 2019: $261,4672019Assets 2020: $3,608,491Liabilities 2020: $563,091Net Assets 2020: $3,045,4002020Assets 2021: $8,386,129Liabilities 2021: $1,564,634Net Assets 2021: $6,821,4952021Assets 2022: $8,870,501Liabilities 2022: $739,847Net Assets 2022: $8,130,6542022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2017

Assets$338,300
Liabilities$0
Net Assets$338,300

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MRevenue 2015: $314,391Expenses 2015: $201,703Net Income 2015: $112,6882015Revenue 2016: $184,502Expenses 2016: $208,520Net Income 2016: -$24,0182016Revenue 2017: $400,070Expenses 2017: $222,294Net Income 2017: $177,7762017Revenue 2018: $616,229Expenses 2018: $880,378Net Income 2018: -$264,1492018Revenue 2019: $1,125,474Expenses 2019: $938,158Net Income 2019: $187,3162019Revenue 2020: $3,186,619Expenses 2020: $543,800Net Income 2020: $2,642,8192020Revenue 2021: $4,437,955Expenses 2021: $500,920Net Income 2021: $3,937,0352021Revenue 2022: $3,452,074Expenses 2022: $2,142,915Net Income 2022: $1,309,1592022Revenue 2023: $1,430,838Expenses 2023: $9,779,208Net Income 2023: -$8,348,3702023

Highlighted filing

2017

Revenue$400,070
Expenses$222,294
Net Income$177,776
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$400,070
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$127,524$338,300▲ $210,776
Cash and Non-Interest-Bearing Accounts$126,523$337,297▲ $210,774
Savings and Temporary Cash Investments$1,001$1,003▲ $2
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$127,524$338,300▲ $210,776
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$127,524$338,300▲ $210,776
Total Liabilities and Net Assets / Fund Balance$127,524$338,300▲ $210,776
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Chris MalloryExecutive DirectorFT$50,084$50,084

Board Members and Trustees

NameTitle
Marc BadainPresident
Rosie BoneVice President
Ebere ArumDirector
Erin WrightDirector
Melissa TailesDirector
Nick MarkunasDirector
Will TelferDirector
Ed VillanuevaChief Financial Officer
Dan VentrelleSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$400,068
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$0
All Other Contributions
$208,130
Change in Net Assets
$177,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$137,500
Other Expenses$84,794
Total Fundraising Expense$5,214
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$85,000--$85,000
Grants to Domestic Individuals$52,500--$52,500
Fees for Services Other$110$24,000$300$24,410
Travel$20,427$596$123$21,146
Office Expenses-$1,096$225$1,321
Insurance-$677-$677
Other Expenses$8,180$10$4,566$10
Total Functional Expenses$187,523$29,557$5,214$222,294
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tragedy Assistance Program for SurvivorsArlington, VA501(c)(3)Program Support$30,000
Girls IncOakland, CA501(c)(3)Program Support$28,000
PlayworksOakland, CA501(c)(3)Program Support$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

Business relationship the following officers and directors have a business relationship with each other: marc badain ed villanueva dan vantrelle

Form 990, Part VI, Line 11B

Process used by the organization to review the form 990 the foundations form 990 is prepared by an independent accounting firm. Prior to filing the return each member of the board receives a copy of the form 990 and it is reviewed and approved by the cfo and executive director.

Form 990, Part VI, Line 12C

Process used to monitor/enforce the conflict of interest policy each covered person shall annually sign a statement that affirms that such person: -has received a copy of the policy, -has read and understands the policy, -has agreed to comply with the policy, and -understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption and the trust of the public, it must diligently avoid conflicts of interest or the appearance of any conflict and engage primarily in activities that accomplish one or more of its tax-exempt purposes. The policy is reviewed annually for the information and guidance of covered persons, and any new covered person shall be advised of the policy upon becoming a covered person and shall file an annual statement with the corporation. To further the purpose of the disclosure provisions of the policy, the corporation shall provide the board with a full list of proposed or current transactions or arrangements on no less than a yearly basis to ensure that no conflicts exist, or have developed, in the preceding year.

Form 990, Part VI, Line 19

Availability of governing documents to the general public these documents are not required to be made public and therefore are not available for public inspection.

Filing and Contact Details

Filer

Filer Name
Raiders Foundation
EIN
46-3103327
In Care Of
% ED VILLANUEVA
Phone
5108645000
Address
1220 Harbor Bay Parkway, Alameda, CA 94502

Signing Officer

Name
Ed Villanueva
Title
CFO
Phone
5108645000
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ed Villanueva
Formed
2013
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Ernst & Young US Llp
Address
560 MISSION STREET SUITE 1600, SAN FRANCISCO, CA 94105
Preparer
Eva Nitta
Phone
4158948000
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 & Part III, Line 1

The Raiders Foundation is committed to increasing community and civic health through the support of the military and youth development.

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IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1YOUTH EVENT CATERING
IRS990/OtherExpensesGrp/Desc2TAXES AND FEES
IRS990/OtherExpensesGrp/FundraisingAmt04566
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03178
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110
IRS990/OtherExpensesGrp/ProgramServicesAmt021306
IRS990/OtherExpensesGrp/ProgramServicesAmt18180
IRS990/OtherExpensesGrp/TotalAmt029050
IRS990/OtherExpensesGrp/TotalAmt18180
IRS990/OtherExpensesGrp/TotalAmt210
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0ED VILLANUEVA
IRS990/PriorPeriodAdjustmentsAmt033000
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0221979
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0168833
IRS990/PYInvestmentIncomeAmt01
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt039687
IRS990/PYOtherRevenueAmt0-37478
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-24018
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0208520
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0184502
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0177776
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0191938
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0127524
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0338300
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01001
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01003
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0400068
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0221979
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0314391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt038854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0985792
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0100
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0102
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0316008
IRS990ScheduleA/SubstantialContributorsTotAmt0669784
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0400068
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0221979
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0314391
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt038854
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0985792
IRS990ScheduleA/TotalSupportAmt0985894
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FIRE RELIEF DONATIONS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt052500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0GIFT CARDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0900
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
IRS990ScheduleI/RecipientTable/CashGrantAmt128000
IRS990ScheduleI/RecipientTable/CashGrantAmt28000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2PROGRAM SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TRAGEDY ASSISTANCE PROGRAM FOR SURVIVORS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GIRLS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2PLAYWORKS
IRS990ScheduleI/RecipientTable/RecipientEIN0920152268
IRS990ScheduleI/RecipientTable/RecipientEIN1131915124
IRS990ScheduleI/RecipientTable/RecipientEIN2943251867
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03033 WILSON BOULEVARD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1510 16TH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2380 WASHINGTON ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ARLINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1OAKLAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm2OAKLAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022201
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd194612
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd294607
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Contributions are made to Section 501(c)(3) organizations only. Each recipient is subject to a grant agreement. The Foundation's grant agreement specifies the charitable purpose for which the grant may be used and requires the grantee to return any funds that are not used for such purposes. The grant agreement will, where appropriate, obligate the grantee to provide the Foundation with a financial report at the end of each grant year, and for larger grants, a program report. The Foundation's Directors monitor each grantee's compliance with its grant agreement.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Raiders Foundation is committed to increasing community and civic health through the support of the military and youth development.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUSINESS RELATIONSHIP THE FOLLOWING OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER: MARC BADAIN ED VILLANUEVA DAN VANTRELLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCESS USED BY THE ORGANIZATION TO REVIEW THE FORM 990 THE FOUNDATIONS FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. PRIOR TO FILING THE RETURN EACH MEMBER OF THE BOARD RECEIVES A COPY OF THE FORM 990 AND IT IS REVIEWED AND APPROVED BY THE CFO AND EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS USED TO MONITOR/ENFORCE THE CONFLICT OF INTEREST POLICY EACH COVERED PERSON SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON: -HAS RECEIVED A COPY OF THE POLICY, -HAS READ AND UNDERSTANDS THE POLICY, -HAS AGREED TO COMPLY WITH THE POLICY, AND -UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION AND THE TRUST OF THE PUBLIC, IT MUST DILIGENTLY AVOID CONFLICTS OF INTEREST OR THE APPEARANCE OF ANY CONFLICT AND ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. THE POLICY IS REVIEWED ANNUALLY FOR THE INFORMATION AND GUIDANCE OF COVERED PERSONS, AND ANY NEW COVERED PERSON SHALL BE ADVISED OF THE POLICY UPON BECOMING A COVERED PERSON AND SHALL FILE AN ANNUAL STATEMENT WITH THE CORPORATION. TO FURTHER THE PURPOSE OF THE DISCLOSURE PROVISIONS OF THE POLICY, THE CORPORATION SHALL PROVIDE THE BOARD WITH A FULL LIST OF PROPOSED OR CURRENT TRANSACTIONS OR ARRANGEMENTS ON NO LESS THAN A YEARLY BASIS TO ENSURE THAT NO CONFLICTS EXIST, OR HAVE DEVELOPED, IN THE PRECEDING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABILITY OF GOVERNING DOCUMENTS TO THE GENERAL PUBLIC THESE DOCUMENTS ARE NOT REQUIRED TO BE MADE PUBLIC AND THEREFORE ARE NOT AVAILABLE FOR PUBLIC INSPECTION.

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