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 director of finance, and the network chief financial officer. 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 361,644. Management and general expenses 40,149. Fundraising expenses 8,717. Total expenses 410,510. Student interns: program service expenses 18,004. Management and general expenses 171. Fundraising expenses 270. Total expenses 18,445. Other professional fees: program service expenses 219,616. Management and general expenses 43. Fundraising expenses 42. Total expenses 219,701.”

“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.”