Mission Lazarus Inc

“THE TREASURER SUBMITS fORM 990 TO THE EXECUTIVE COMMITTEE FOR REVIEW, THEN IT IS FILED”

“The directors are required to complete a conflict of interest disclosure statement each year, and fully disclose any interest each director has that will be considered self-dealing or a conflict of interest”

“An executive compensation committee ("ecc"), consisting of three directos of the corporation, will meet annually prior to the beginning of the organization's fiscal year. The ecc will gather compensation survey results from an outside firm. In conducting this survey, comparative data is to be gathered from non-profit organizations of similar size. Using the survey results, the ecc will propose annual salary ranges for all employees. The corporation's board of directors will review and approve the salary ranges for the top ten most highly compensated organization employees. These approved salary ranges will be used in conjuction with the employee performance appraisals to determine the specific compensation level for each individual. The ecc will set the compensation level for the president/cheif executive officer. The president/ chief executive officer will set the compensation levels for all othe organization employess. In this practice the ecc will also review the president/chief executive established compensation levels for the remaining nine most highly compensated employees. Then, in executive session with the president/chief executive officer present, the board of directors will review the compensation levels and comparison data for the president/chief executive officer and the other nine positions. This report to the full board will occur after the annual compensation process has taken place and is implemented. The data will be presented for informational purposes only, no action will be required by the board. The actions taken by the ecc will enable the organization to receive the rebuttable presumption of reasonableness for purposes of internal revenue code section 4958 with respect to the total compensation of certain members of the senior management team including the president/chief executive officer and the next nine most highly compensated employees. The three factors which must be satisfied in order to recieve the rebuttable resumption to reasonable nedd are the following: 1) the compensation arrangement is approved in advance by an "authorized body" of the applicable tax-exempt organization which is composed entriely of individuals who do not have a "conflict of interest" with respect to the compensation arrangement 2) the authorized body obtained and relied upon "appropriate data as to compatibility" prior to making its determination, and 3) the autorized body "adequately documented the basis for its dtermination" concurrently with making that determination. The actions outlined above with respect to the committee and the establishment of the rebuttable presumption of reasonableness applies to certain individuals disclosed in this form 990, including the president/chief executive officer and the next nine most highly compensated employees. The compensation and benefits of the other individuals contained in this form 990 is reviewed annualy by the president/chief executive officer with assistance from the ecc in conjunction with the individual's job performance during the year and is based upon other objective factors designed to ensure that reasonable and fair market value compensation is paid by the organization. Other objective factors include market survey data for comparable positions, individual goals and objectives, personnel reviews, evaluations, self-evaluations and performance feedback meetings”

“Financial information is available on our website and all other governing documents and policies are available upon request”

“There has been no change fro the prior year.”

“On the original return we neglected to mark the box on Sch F indicating that the organizaiton maintains record to substaniate the amounts of its grants and other assistance. See Attached Sch F”