Space for Giants USA Inc.

“The form 990 is prepared by the independent auditors, and the draft is reviewed by the executive director and all board members prior to filing.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. Procedures for addressing the conflict of interest a) an interested person may make a presentation at the governing board or committee meeting, but after presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. B) the chairperson of the governing board or committee shall, if appropriate. Appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. C) after exercising due diligence, the governing board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. D) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The executive director's salary is approved by the board of directors.”

“Wage expense is included in the organizational budget which is reviewed and approved by the board of directors.”

“Governing documents are made available to the public upon request.”

“Board members serve on a volunteer basis.”

“During the current year, it was discovered that expenses for a prior year special event were not recorded in the proper period, and accounts payable and special event donor benefit expense were understated by 15,977 as of december 31, 2017. The statements of financial position, activities, and cash flows for the year ended december 31, 2017, have been restated to correct for the errors, and as a result, net assets without donor restrictions decreased by 15,977.”