Three Roots Capital

“The oak ridge chamber of commerce was instrumental in the organization of technology 2020, therefore, the organization documents of technology 2020 provide that the president and chairman of the oak ridge chamber of commerce both will have board seats. The oak ridge chamber must approve any action that encumbers the building at 1020 commerce park drive, oak ridge, tn.”

“The data for form 990 is assembled by the chief financial officer and the 990 forms are completed with the assistance of an independent cpa in conjunction with the annual audit of the financial statements. The completed form is reviewed by the president and chief executive officer. The 990 tax form is subsequently reviewed by the financial oversight committee.”

“Upon entering service and then periodically thereafter, questionnaires are distributed to board members, officers, key employees and senior managers related to the organization's conflict of interest policies. Responses are reviewed by the independent auditors; management then prepares financial statement disclosures as appropriate.”

“Technology 2020 utilizes a compensation committee comprised of independent board members which reviews and approves the compensation package for officers and key employees. Each package is reviewed in conjunction with a job description, performance review, and comparable compensation data. Outside consultants are both included in the committee and consulted regarding specific issues. Minutes of meetings and documentation of compensation packages are maintained.”

“Technology 2020 makes its organizing documents and policy statements available upon request. Financial statements are presented regularly to various internal committees and the full board. The board consists of community members and meetings often include guests and other interested parties.”

“Reconciliation of form 990, part viii, column(b), line 12 total related or exempt function revenue to total program service revenue reported on form 990, part iii: total exempt function revenue $ 848,287 plus: government grants per form 990, part viii, line 1e 695,629 plus: excess rev. Internally allocated 719 ----------- total program service revenue reported on form 990, part iii $ 1,544,635 ===========”

“Enterprise support, inc. - provision for income tax -420.”

“There has been no significant or material change from prior years.”

“For the 2013 year, the part x, line 16 (total assets) and line 34 (total liabilities and net assets/fund balances) differ from the these same totals on the audited consolidated statements of financial position by $7,641, which is the net deferred financing costs. In april 2015, the financial accounting standards board issued an update on the guidance, interest - imputation of interest. The updated guidance requires that debt issuance costs related to a recognized debt liability be presented in the company's balance sheet as a reduction of the carrying amount of the debt liability rather than as an asset. The updated guidance was early adopted in the audited consolidated financial statments for both the 2013 and 2014 years. The change, though, was not adopted or reflected on the form 990, part x balance sheet for the 2013 tax year.”