Astia

“The form 990 is prepared by an independent accountant in conjunction with the organization's internal staff. The form 990 is then reviewed by the ceo and the cfo; adjustments are made, as necessary. A full copy of the form 990 is then provided to all members of the board of trustees prior to filing with the internal revenue service.”

“Astia employees are required to disclose any conflicts or potential conflicts in writing at the time of their annual review, which disclosure is shared with the board of trustees. In addition, any astia executive team members who are active investors are required to disclose in writing an updated accounting of any investment holdings in companies into which astia angels has invested or might invest in, to the board of trustees at the time of any new investment by astia angels. Further, by board resolution, any related party transaction valued at greater than $10,000 into which a trustee or executive team member may enter must receive prior approval from the board of trustees. Each trustee agrees under contract with astia that he or she will, among other things, declare any conflicts of interest (real or apparent) between their personal/professional life and their position on the board, and abstain from voting, or participating whenever deemed appropriate by the board as a whole.”

“The executive compensation committee performs an annual review of compensation for the ceo, officers, and other key employees, which includes information from the form 990 filings of other non-profit organizations; studies by independent compensation experts; and comparability information available from reliable, independent organizations that gather and provide this type of information. The deliberation and decision are substantiated in the executive committee meeting minutes.”

“The governing documents, conflict of interest policy and financial statements are not made available to the public.”