Starfall Education Foundation

“The organization will provide the form 1023 and form 990 upon written request.”

“Form 990, part vi, section a, line 2 stephen schutz and susan schutz own 1725 walnut street, llc, an entity that rents boulder, co building to the organization. Stephen schutz and susan schutz also own a combined 25% interest in sps studios. Sps studios dba blue mountain arts, inc. Provides fulfillment services for the organization, stephen schutz, paul knutson, jay grodin and diana temple are employed at sps studios.”

“Form 990, part vi, section b, line 8b the foundation's two standing committees consisting of two members each did not exercise their authority to act on behalf of the board. Instead, all committee business was discussed and voted on by the entire six member board and recorded in its minutes.”

“Form 990, part vi, section b, line 11 a draft of the form is provided to the management and the board of directors for their review prior to filing.”

“Form 990, part vi, section b, line 12c a conflict of interest certification and disclosure form is sent to each director and officer annually to avoid any potential conflicts of interest.”

“Form 990, Part VI, Section B, Line 15: The organization takes into consideration a compensation report prepared by the University of Denver to determine the compensation for the organization's President. The board of directors review the report, and approves the compensation.”

“Form 990, part vi, section c, line 19 the organization will provide its governing documents upon written request. Prior period adjustment form 990, part xi, line 8 the prior period adjustment is realted to the amortization of starfall's intangible assets.”

“The foundation's two standing committees consisting of two members each did not exercise their authority to act on behalf. Instead, all committee business was discussed and voted on by the entire six member board and recorded in its minutes.”