Up2Us Inc.

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“The conflict of interest policy covers all individuals such as officers, directors, trustees, members, owners (either as a sole propreitor or a partner), or employee and with which the coporation has a relationship, and any transaction in which the corporation is a participant and in which the director might have a conflicting interest. Whether a director has an interest in a matter shall be determined by whether that person would derive an individual economic benefit, either directly or indirectly, from the decision on the matter by the board or committee. All transactions, agreements, or any other arrangements between the corporation and a related party, and any other transactions which may involve a potential conflict of interest, shall be reviewed by the board. All related parties with the financial interest shall leave the room in such deliberations are conducted. The remaining directors will then determine whether the contemplated transaction is fair, reasonable, and in the best interests of the corporation at the time of such determination.”

“Each year, the executive committee reviews comparable salaries based on a recognized study and reviews the performance of the executive director to determine if the existing salary falls within these ranges. After a deliberation of this matter, a new proposed salary and benefit package is voted on. The minutes of the board of directors reflect the nature of this process.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 520 eighth avenue, 2nd floor, new york, new york 10018 or by calling the organization directly at 212-563-3031.”

“Write-off of uncollectible pledges -104,062.”

“Upon further review it was brought to managements attention that certain conditional grants had been recognized earlier then they should have due to the conditions of the grant and the organization has restated its financials accordingly.”