Up2Us Inc.

“Once the form 990 is prepared by an outside accountant, a copy is sent to management for their initial review. After management has approved the return, a complete copy of form is send to all members of the board for review prior to filing with the irs.”

“Up2us has a written conflict of interest policy, which is monitored and enforced annually. All directors, officers and key employees are required to disclose any conflict of interest that may exist with the organization on an annual basis. The disclosure statement must be submitted to the secretary identifying, to the best of the individual's knowledge, any entity of which such director is an officer, director, trustee, member, owner (either as a sole proprietor or a partner), or employee and with which the corporation has a relationship, and any transaction in which the corporation is a participant and in which the director might have a conflicting interest. Whether an individual has an interest in a matter must 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, must be reviewed by the board. All related parties with the financial interest must leave the room in such deliberations are conducted by the board. 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. With respect to any board's discussion, decision, or actions involving transactions in which a director or officer has a conflict of interest, the minutes of the governing board will reflect the board's deliberations and voting process.”

“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 process was last undertaken in fy2019. 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.”

“An amended return is being filed to report the following corrected information: 1. Part vi, section b, line 11a: updated to "yes". The board receives a complete copy of the form 990 prior to filing with the irs. 2. Part vii, section a, line 1: updated to report dan mannix as board chair. 3. Part x, lines 27-28: updated to reflect the allocation of net assets between unrestricted and temporarily restricted per the issued audited financial statements. 4. Part xii, line 2b-3b: updated to "yes". The organization's financial statements were audited by an independent accountant and undergone and audit as set forth in the single audit act and omb circular a-133. 5. Schedule c, part ii-a, line 2a(d) and 2d(d): updated amounts to match line 1f(a) and line line 1g(a). 6. Schedule o, explanation for part vi, section b, line 11b: updated to describe that the organization provided a complete copy of the form 990 to all members of the governing body prior to filing the form.”

“The organization has an audit committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant.”