Mustakis Charitable Network Foundation Inc.

“George anastassiou mustakis and raul toro anastassiou are cousins. Pablo alonso is an investment advisor to george anastassiou mustakis and also to fundacion mustakis (a chilean nonprofit organization in which george and raul are both board members). George anastassiou mustakis and raul toro anastassiou are directors of some for-profit companies and nonprofit organizations.”

“New directors will be elected by the initial board of directors at an annual meeting held for that purpose. Nominations for new board members may be made by the board of directors, by individual board members, or by a nominating committee.”

“The board of directors (governing body) has not designated any committee with authority to act on its behalf.”

“A complete copy of this form 990 was provided to each of the 3 members of the board of directors (governing body) for review. Each of the members reviewed the form 990. If any of the board members has any relevant questions with regards to the content of the form 990, they would submit their questions in writing to the tax preparer asking for clarification and/or correction.”

“The board of directors has implemented a policy requirement that all members of the board of directors annually review their position in regard to any possible conflicts of interest and sign an annual conflict of interest disclosure statement. The minutes of any board meeting where a conflict of interest transaction was considered must specifically document the organization's compliance with the rules. This means that the minutes must show that the affected directors and officers properly "declared, disclosed and abstained" from voting on a conflict of interest transaction; and clearly say what information the board reviewed and relied upon in making a finding that the organization was not paying more than reasonable, fair-market prices and rents, as well as the source of tht information; and state the names of all directors who voted for , and against, approval of the motion to approve a conflict of interest transaction. In addition, the directors and officers know that they must make certain that the organization does not ever violate the irs regulations which prohibit private inurement, and that the board must analyze every transaction involving a conflict of interest with special care to insure that it is an "armslength" transaction based on the payment of not more that the reasonable real market value of the goods or services involved.”

“The organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“George anastassiou mustakis and raul toro anastassiou are cousins. Pablo alonso is an investment advisor to george anastassiou mustakis and also to fundacion mustakis (a chilean nonprofit organization in which george and raul are both board members). George anastassiou mustakis and raul toro anastassiou are directors of some for-profit companies and nonprofit organizations.”