Trail Life USA Inc.

“The Organization has one class of members. Members are comprised of a representative from each Charter Organization operating a Trail Life USA Troop.”

“Members of the Organization have the authority to confirm the appointment of the Organization's Board of Directors.”

“Members of the Organization have the authority to approve amendments to the Organization's bylaws.”

“The Organization's top management official and top financial official each review the Form 990 prior to its filing with the IRS. A copy of the final Form 990 is also provided to the voting members of the Organization's governing body prior to its filing with the IRS.”

“The Organization's conflict of interest policy is distributed to each member of the Organization's governing body, its officers and its key employees on an annual basis. Each such individual provides an annual disclosure statement indicating that they have received, read, understood and agreed to comply with the policy, certifying that: (1) they have no relationships or interests that present a conflict of interest, (2) they have one or more conflicts of interest that have been fully disclosed as required by the policy and have been properly administered in conformity with the policy, or (3) they have previously undisclosed conflicts of interest and disclosing the details of such conflicts. Any disclosure statements with previously undisclosed conflicts of interest are forwarded to appropriate Organization officials to take appropriate actions as required by the policy.”

“The compensation of the Organization's CEO is set by an independent committee of the Board of Directors. The Organization did not compensate any other officers, directors, or key employees during the tax year. In setting compensation, the committee annually reviews and approves the compensation levels of the CEO. The deliberations and decisions of the committee are contemporaneously substantiated. The committee utilizes comparability data in its deliberations; updated comparability data is generally obtained every two to three years.”

“The Organization provides, upon request, copies of its Articles of Incorporation, bylaws, conflict of interest policy, and its financial statements.”

“The prior period adjustment of $89,101, as reported on Part XI, Line 8, is an adjusment to beginning net assets to correct the Organization's internal books and records as of the beginning of the tax year.”