Kai Ming Inc.

“1.The agency's CPA shall prepare Form 990 for the board to review.2.The prepared Form 990 shall be circulated at the first scheduled board meeting following completion of Form 990 by the agency's CPA. All board members present will receive a copy.3.Any discussions will be captured in the minutes with respect to Form 990 prior to Board approval.4.Board shall approve all contents of Form 990 after review and discussion.5.The Executive Director shall sign Form 990 and file with the Internal Revenue Service upon board approval.”

“The organization monitors and enforces the conflicts policy on a on going basis,as well as reminding the directors regarding the conflicts of interest.”

“1)Beginning compensation is based on the qualifications of each candidate,the organizational structure, Kai Ming's ability to compensate. 2)Yearly increases are based on the performance of the each staff during an evaluation period and the organization's abilty to compensate each staff by the personnel committee and are approved by the Board during meetings.3)Both salaries are recommended and approve during the budget process.”

“All documents are available upon request.”

“OTHER PROGRAM SERVICES 4: OECE-The San Francisco Office of Early Care and Education (OECE) leverages federal and state funding, aligns local resources, supports the early care and education workforce and increases capacity to build a high quality, affordable, data driven and streamlined early care and education system for children 0-5 and their families. OTHER PROGRAM SERVICES 5: Other- ancillary programs OTHER PROGRAM SERVICES 6: The PPP loan- established as part of the Coronavirus Aid, Relief and Economic Security Act (CARES Act), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight or twenty weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels.”