Fermi Research Alliance LLC

“JUAN DE PABLO - Business relationship, JOHN MESTER - Business relationship, PAUL ALIVISATOS - Business relationship, WILLIAM H. JOYCE - Business relationship”

“The University of Chicago and Universities Research Association represent the members of the organization. The percentage interest of each Member is fifty percent. The University President is the Chairman of the Board of Directors, and presides over the Board of Directors. The Chairman is a voting member of the Board of Directors, and only the Chairman's vote shall be deciding in the event of a tie.”

“The organization's members, the university of chicago and universities research association, have the authority to elect, appoint or remove members of the organization's governing body.”

“Decisions of governing body subject to approval of the members: - Appoint or remove the company's auditors; - Engage in certain types of business; - Acquire any entity; - Sell, reorganize, merge, consolidate, dissolve, wind-up, liquidate, or otherwise change the corporate form, structure, or control of company; - Sell, assign, or otherwise transfer or dispose of, or mortgage, pledge, or otherwise encumber any asset or property of the company, other than in the ordinary course of the company's business and on arm's-length terms; - Material modification of the contract proposed by the DOE; - Institute, compromise, settle any litigation, arbitration proceeding or settlement with the DOE or the U.S. Government; - Purchase, acquire or obtain any assets, either outside the scope of the company's business, or not on arms-length terms; - Enter into any joint ventures or partnerships or establish any subsidiaries; - Commence any proceeding or file any petition seeking relief under any bankruptcy or insolvency law; - Enter into certain contracts or agreements.”

“The organization did not utilize committees with broad authority to act on behalf of the organization's governing body during the tax year. This question has been answered "No" in accordance with the Form 990 instructions.”

“The Form 990 is reviewed in detail by FRA's management, it's governing board, and outside Accountants, CROWE LLP. Once reviewed, Form 990 will be available on a secure website for all directors prior to filing.”

“The FRA conflict of interest policy applies to the board of directors and all FRA employees. The purpose of the conflict of interest policy is to identify and ALERT THE SECRETARY OF THE BOARD, THE CHAIR OR VICE CHAIR OF THE BOARD, OR THE GENERAL COUNSEL OF EITHER OF ITS MEMBER ORGANIZATIONS - UNIVERSITIES RESEARCH ASSOCIATION AND THE UNIVERSITY OF CHICAGO - OF ANY POTENTIAL CONFLICT OF INTEREST AND to ensure any individuals with a conflict of interest ABSTAIN FROM PARTICIPATING IN OR VOTING ON THE MATTER for which a conflict exists. THE POLICY REQUIRES BOARD MEMBERS and FRA employees TO DISCLOSE, ON AN ANNUAL BASIS, ACTUAL AND POTENTIAL CONFLICTS OF INTEREST BY COMPLETING A CONFLICT OF INTEREST DISCLOSURE STATEMENT.”

“The process for determining the President's compensation includes the following: -REVIEW AND APPROVAL BY THE FRA MEMBERS IN CONSULTATION WITH THE EXECUTIVE AND GOVERNANCE COMMITTEE; - Use of comparable compensation data; - Documentation and record keeping with respect to the deliberation and decision-making process. This process is conducted annually.”

“The process for determining the compensation of other officers and key employees includes the following: - Review and approval by the Executive and Governance Committee; - Use of comparable compensation data; - Documentation and record keeping with respect to the deliberation and decision making process. This process is conducted annually.”

“The organization makes most of its governing documents, its conflict of interest policy, and its financial statements available to the public upon request.”

“Revenue from the Department of Energy contract has been classified for Form 990 purpose as contribution and grants. The contract serves the general public.”

“Subcontracts / Consultant Fees - Total Expense: 99867187, Program Service Expense: 99377257, Management and General Expenses: 489930, Fundraising Expenses: ;”

“This amended Form 990 was filed to correct and update information originally reported in Part VII and Part IX. Part VII - Compensation of Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees: This section was amended to accurately identify the individuals who qualify as officers, key employees and highest compensated employees, and to correct their respective titles and roles. The amendments ensure that the organization's reporting fully reflects the proper classification of individuals in accordance with IRS disclosure requirements. Part IX - Statement of Functional Expenses: Lines 5, 7, 8, 9, and 10 were updated to reflect the corrected compensation amounts for current officers, directors, trustees, and key employees as revised in Part VII. These changes align the expense allocations with the updated compensation information to maintain accuracy and consistency across the return. These amendments were made to ensure full compliance, transparency, and accuracy in the organization's financial and governance reporting to the Internal Revenue Service. No other sections of the return were changed.”