Haser Inc.

“No review was or will be conducted.”

“The Executive Director/CFO is an exempt employee with a gross salary of $52,315.30/year which was determined by the board based on the available funds for the year as well as reviewing compensation for executive directors in other similar organizations in Puerto Rico. It was determined that the amount to be paid was much less than the average amount paid to executive directors in similar fields.”

“No documents available to the public.”

“All members of the Board of Directors and key officers are required to submit conflict of interest statements once a year before January 15th or if there is an occurrence of any event throughout the year where the disclosure is required under our conflict of interest policy. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall determine if a conflict of interest exists by majority vote. Prior to acting on any business transaction the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Corporation's best interest, for its own benefit, and whether it is fair and reasonable. No conflicts of interest has occurred during the 2022 period.”

“The Executive Director is an exempt employee with a gross salary of $52,315/year which was determined by the board based on the available funds for the year as well as reviewing compensation for executive directors in other similar organizations in Puerto Rico. It was determined that the amount to be paid was much less than the average amount paid to executive directors in similar fields.”

“The organization did not have any key employees with $150,000 or more of compensation in 2022. The Executive Director is categorized as an officer and was an exempt employee with a gross annual salary of $52,315”

“The other revenue comes from education and social services offered to youth and adults. This includes sales of fruit and vegetables in food desert areas, on site farm educational visits, educational workshops in artisanal cultural preservation and outdoor youth experiential learning experiences in art, sustainability, health, and others. Participants are mainly from Puerto Rico low income communities but also US based education groups that learn about our culture and history”

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's Executive Director who is also the Chief Financial Officer of the organization. The Executive Director reviews a draft of the form 990; adjustments are made as needed. A complete copy of the form 990 is then provided to the members of the board of directors prior to filing with the IRS.”

“Thorough due diligence is conducted in advance of funding to determine whether a group will be an appropriate grantee. All grants approved to domestic organizations were done under a fiscal sponsorship pre-approved grant agreement. All domestic organizations are considered nonprofit under Puerto Rico 1101.01 exemption that has equal basic requirements as 501c3 organizations in the United States. All organizations must send yearly their local nonprofit documents and good standings in Puerto Rico. Funds are disbursed through a reimbursement process after all receipts are reviewed by HASER. Furthermore, HASER retains variance of power over the funds and requires grantees to send proposals for pre-approval by HASER before HASER sends to potential donors. During the last quarter of 2022 , Hurricane Fiona hit Puerto Rico and we expanded two grants to Puerto Rico organizations that did not have local tax exemption but could show through governance documents that they are organized for public benefit (please see Schedule I). They had the same due diligence described above for local tax exempt organizations. Furthermore, because of Hurricane Maria we also purchased supplies in energy, water, food and health to directly distribute to families that were directly affected by Hurricane Fiona. With our collaborators we were able to distribute these supplies in a period of two months after Hurricane Fiona”

“This is the deposit required for the organization's credit card that has a limit of $5,000”

“Deferred revenue are grants that were given in the current year yet due to when they were given where not expected to be expenses for projects until the following year. In some cases, due to unforeseen problems the projects were not able to start this year and they were moved to the next fiscal year.”

“The following assets with donor restriction are for specific educational and social projects and can not be used in HASER general operation.”