Cadasta Foundation

“Article v of the organization's articles of incorporation was modified with the following caveat: notwithstanding anything to the contrary that was previously set forth in article v (which relates to the distribution of the organization's assets upon dissolution), none of the corporation's assets, upon dissolution, shall be distributed to any organization that is organized and operated to foster national or international sports competition.”

“The return was prepared by outside accountants and reviewed by senior management. A copy of the 990 was provided to the board prior to filing.”

“The organization's directors consistently monitor communication channels to see if other directors or officers are in compliance with the conflict of interest policy. The directors and officers are annually required to disclose their interests and if any potential conflicts arise, these are reviewed during the board of directors meetings. To date the organization has not indentified any conflicts of interest. Once a conflict of interest has been found, the board or committee follows the procedures set forth in article iv in order to decide what measures are needed to protect cadasta's interests in light of the nature and seriousness of the conflict, to decide whether to enter into the transaction and, if so, to ensure that the terms of the transaction are appropriate. In the case of an insider who is a director, the director does not vote on any transaction in which the director has an interest, and the remaining board or committee members shall decide the matter.”

“The board is responsible for determining the compensation for the ceo, officers and directors. Comparability data is also used in this process. The most recent compensation review took place in september 2014, as the organization was being established.”

“Governing documents, conflict of interest policy and financial statements are available upon request.”

“Noel taylor, boris zamyatin, and kate chapman received compensation for their services as members of management. Their compensation is unrelated to their positions as board members.”

“Consulting: program service expenses 222,258. Management and general expenses 57,318. Fundraising expenses 37,375. Total expenses 316,951. Fellowship: program service expenses 34,330. Management and general expenses 0. Fundraising expenses 0. Total expenses 34,330. Other prof. Fees: program service expenses 3,900. Management and general expenses 105. Fundraising expenses 0. Total expenses 4,005.”