Seed Foundation Inc.

“The seed foundation has two members, eric adler and rajiv vinnakota.”

“The organization's two members, eric adler and rajiv vinnakota, may elect new directors and must approve all new directors.”

“The seed foundation form 990 will be initially reviewed by its chief executive officer, the senior accountant, and the finance consultant. It will then be reviewed by the board of directors' finance committee. After the finance committee receives the form 990, a final draft will be distributed to the seed foundation's entire board of directors before it is filed.”

“From conflict of interest policy document. Section 6.01 each covered person shall annually sign a statement which affirms that such person: 1. Has received a copy of the conflict of interest policy; 2. Has read and understands the policy; 3.has agreed to comply with the policy; and 4.understands that the foundation and its subsidiaries are charitable organizations and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“The seed foundation board of directors approves the compensation of its officers, directors and key employees as part of approving the annual budget. Members of the board of directors receive no compensation. The board of directors set the compensation for officers and key employees by considering two factors: 1) an informal market analysis of comparable positions 2) what the organization can afford to pay based on its budget constraints.”

“The foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“Professional consultant: program service expenses 780,868. Management and general expenses 72,891. Fundraising expenses 54,468. Total expenses 908,227. Student interns: program service expenses 30,312. Management and general expenses 1,425. Fundraising expenses 0. Total expenses 31,737. Other professional fees: program service expenses 24. Management and general expenses 3. Fundraising expenses 3. Total expenses 30.”

“The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.”