Discovery Place Inc.

“It is discovery place's policy that discovery place's external auditor, a certified cpa firm, prepares the organization's irs form 990. Once prepared, the irs form 990 will be reviewed by discovery place's chief financial officer, and president and chief executive officer. Once reviewed by staff, the irs form 990 will be reviewed by the audit committee of the board of trustees. The board of trustees will receive a copy of the irs form 990 in hard copy or email (delivered to each trustee's registered mailing or email address) no less than 5 days prior to the board of trustees meeting when the 990 board resolution will occur. The board of trustees will review the irs form 990 that is filed on the organization's behalf before it is filed with the irs. A board resolution is required in order for the irs form 990 to be filed.”

“All employees are required to disclose annually (by re-signing the conflict of interest agreement) any interests that could give rise to conflicts. All officers, directors, trustees and employees are encouraged to report any interests that could give rise to conflicts throughout the year. Employees receive periodic training on the definition of conflict of interest. Any new business relationships that may give rise to conflicts are investigated immediately.”

“Ceo compensation: the chairman of the board and the executive committee determines and approves the ceo's compensation through the following process: a formal evaluation/review of the ceo's performance. Review benchmarking data from like organizations. Takes into consideration the state of the discovery place's financial position. Key employees' compensation: key employees are treated like any other employee at discovery place. They are evaluated by their supervisor (the ceo) and the rating of the evaluation is used to determine their pay increase based on the same rating and pay rate scale used for all discovery place employees.”

“The organization's governing documents, conflict of interest policy and audited financial statements are made available to the public upon request for the period of time set forth in section 6104(d). The request can be fulfilled by providing a copy of said documents or allowing inspection at the organization's office. Additionally, the most recent annual report including financial information is available on the organization's website.”

“The organization, in a full transparency posture to reporting, is reporting all benefits in full in column f, part vii and is not applying the $10,000 per item exception for certain benefits.”

“Discovery place had 432 volunteers which comprises of adut and teens. They provided roughly 15,534 hours of service during the year. These volunteers are vital to the organization's success they provide services throughout the organization. Volunteers help feed and care for the animals; supervise and support summer camps; perform live programs and science demostrations; assist in labs; and engage with visitors throughout the museums.”

“The audit committee's process of evaluation has not changed since the prior year.”

“Change in value of beneficial interest: -500,713. Change in spendable income from beneficial interests: 1,020,195.”