Lotus Supporting Foundation Inc.

“The draft of form 990 is provided to the board for review and comments prior to filing, in addition to being reviewed and approved by the president and vice president of the foundation.”

“No officer or employee shall solicit or accept any gift, gratuity, favor, compensation, or anything of value, in cash or in kind, from any existing or prospective contractor or recipient or beneficiary of expenditures of the fund, except for a gift that is an unsolicited item of nominal value or as otherwise may be fully disclosed to and expressly approved by the board. No officer, employee, or agent may participate in the selection, award or administration of a contract supported by grant program funds from governmental sources if a real or apparent conflict of interest would be involved. Such a conflict may arise when any of the following parties has a financial or other interest in the firm selected for the award: an employee, officer, or agent of the fund; any member of an employee's, officer's, or agent's immediate family; an employee's, agent's, or officer's partner; or an organization which employs or is about to employ any of the parties in the preceding sections.”

“Special procedures are in place for board review if there should be a compensation level for an employee exceeding 55,000. Compensation for all employees will be reviewed and subject to board approval annually. Presently, there are no employees.”

“Special procedures are in place for board review if there should be a compensation level for an employee exceeding 55,000. Compensation for all employees will be reviewed and subject to board approval annually. Presently, there are no employees.”

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

“Lotus supporting foundation, inc. Is a non-profit corporation organized and operated exclusively for the benefit of the sundari foundation, inc., a florida not-for-profit corporation and a public charity under sections 501 (c)(3) and 509(a(3) of the internal revenue code. Lotus supporting foundation, inc. Was formed to secure the financial stability and long-term viability of the sundari foundation. Lotus supporting foundation, inc. Is not authorized to benefit any other organization other than the sundari foundation or upon dissolution at a time when the sundari foundation no longer exists, one or more organizations devoted to similar purposes as the foundation which are exempt as 501(c)(3) charitable organizations.”