Up2Us Inc.

“Once the draft 990 is prepared by an outside accountant, a draft copy is sent to management for their initial review. After management has approved the return, it is filed with the irs. A copy is electronically sent to the organization's board for review after the return has been filed with the irs.”

“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.”