I2B2 Transmart Foundation

“The foundation has three classes of membership: gold members, silver members and affiliate members. Additional classes of voting and non-voting members may be created in the future, and the rights of existing classes of members may be amended, in each case pursuant to the by-laws. Each gold member, while in good standing, shall be entitled to: (a) participate in the election of directors as provided in section 4.3(a) of the by-laws; (b) appoint one (except as may be otherwise specified by the board) voting representative, on a one vote per member basis, to all member committees and working groups thereof that the foundation may establish, and, subject to any limitations on attendance imposed by the board of directors, appoint non-voting representatives to each such member committee and working group; (c) all rights of the silver members (below). Each silver member, while in good standing, shall be entitled to: (a) participate in the election of directors as provided in section 4.3(c) of the by-laws; (b) appoint one voting representative to one committee and each working group thereof that the foundation may establish, subject to any limitations on attendance imposed by the board of directors; (c) attend all general and special meetings of the membership provided for in article iii of the by-laws, provided that only the voting members shall be entitled to vote at such meetings, except as specifically provided for in the by-laws, the certificate of incorporation or by law; (d) propose initiatives to be acted upon by the foundation; (e) placement of a link to such member's web site on the foundation web site; (f) display the foundation logo on such member's web site, to indicate membership in the foundation; (g) receive such free or discounted services provided by the foundation as the board of directors may designate from time to time; (h) listing in all appropriate foundation marketing materials; and (i) such other benefits, rights and privileges applicable to such member's membership class as the board of directors may designate or the voting members may from time to time institute by vote at any meeting of the voting members. Each affiliate member, while in good standing, shall be entitled to such benefits, rights and privileges applicable to such member's membership class as the board of directors may designate or the voting members may from time to time institute by vote at any meeting of the voting members”

“Explanation is included in response to line 7a”

“The organization does not have committees with the authority to act on behalf of the governing body”

“A copy of the 990 will be provided to each board member before it is filed. In addition, the foundation's president, treasurer and secretary review the return.”

“Each organizational representative shall annually sign an affirmation of conflict of interest policy and disclosure form which affirms that such person: a. Has received a copy of the policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, d. Understands the organization is tax-exempt and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes, and e. Describes any relationships which could contribute to or constitute a conflict of interest. All completed affirmation and disclosure forms provided by organizational representatives shall be provided to and reviewed by the governing body, and, if appropriate, shall be reviewed by the governing body in consultation with legal counsel.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“The treasurer of the board was paid a total of $20,000 through cfgi llc to provide cfo consulting services to the organization.”

“Code fellow: program service expenses 48,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 48,337. European community manager: program service expenses 37,538. Management and general expenses 6,256. Fundraising expenses 18,769. Total expenses 62,563. Community meetings: program service expenses 26,114. Management and general expenses 6,529. Fundraising expenses 0. Total expenses 32,643. Project management: program service expenses 79,050. Management and general expenses 0. Fundraising expenses 13,950. Total expenses 93,000. Vp marketing/operations: program service expenses 9,600. Management and general expenses 67,200. Fundraising expenses 19,200. Total expenses 96,000. Vp business development: program service expenses 0. Management and general expenses 4,800. Fundraising expenses 11,200. Total expenses 16,000. Financial services: program service expenses 0. Management and general expenses 27,000. Fundraising expenses 0. Total expenses 27,000. Administrative: program service expenses 0. Management and general expenses 4,800. Fundraising expenses 0. Total expenses 4,800.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of its independent accountants. This process has not changed during the current year.”