Conservation X Labs Inc.

“Form 990 and its associated schedules was prepared and reviewed internally with assistance from our finance director and officers of the organization. The preparation was governed by internal protocol, policies and procedures. The information was gathered by internal accounting that is compiled daily and reconciled monthly to bank statements and is recorded into a cloud-based accounting software. Our board of directors is briefed twice annually on that state of our financials and is given a copy of our 990 submissions to review. Conservation x labs has also sought legal counsel from nonprofit law experts to review our tax positions and actions to ensure compliance with federal tax laws. The 990 will be prepared and submitted by a public accounting firm. As conservation x labs grows as an organization our goal is to increasingly formalize our policies and safeguards to ensure or mission is being carried out in the public interest.”

“All board members including the ceo and coo are subject to conservation x labs's conflict of interest policy. All are required to review and sign the policy annually. Determinations of conflicts are made at the board of directors level and if there is a conflict the individual is prohibited from participating in the deliberation and discussion of the transaction or event under review. This event is then documented and stored in our contemporaneous notes of the meeting.”

“All compensation is set by a calculation that assesses comparability data for similar social enterprises in washington dc (i.e, glassdoor date), by the general schedule for federal employees, though analysis of salary information reported on 990's for comparable organizations, and by the employee's salary history and performance. Salaries for scientific, engineering and computer science position re set by the market for those position in the united states as there is a national marketplace fot those skills. Salaries are available for review by our funders, our board, and are included with our usg contributions and are consistent with the government rates for those positions. Cxl hired a salary consultant in 2021 to further our evaluation of our compensation.”

“Conservation x labs is committed to transparency, our governing documents policies, and taxes are available on request and this is stated on our website. We also post our 990 documents publicly on guidestar and on our website and provide extensive financial reports to all partners and foundations that fund us.”

“The board of directors and the ceo are responsible for oversight of the audit and for the selection of an independent accountant. This process has not changed from the previous year.”