Signal Technology Foundation

“The organization has one sole member, brian acton, who is also director, president, secretary/treasurer, and ceo of the organization.”

“The organization's sole member has the exclusive right to elect any director.”

“The member of the corporation has the following rights, as set forth by the bylaws: (i) the exclusive right to elect any director and to set the number of authorized directors; (ii) the right to remove a director; (iii) the right to vote on any sale, lease, transfer, or other disposition of all or substantially all of the assets or properties of this corporation; (iv) the right to vote on any merger of this corporation, but only to the extent required by the delaware general corporation law; (v) the right to vote on the dissolution of this corporation; (vi) the right to vote on the amendment or repeal of the bylaws; (vii) the right to vote on any amendment to the certificate of incorporation; and (viii) the right to vote on any other matters that may properly be presented to the members for a vote, pursuant to this corporation's certificate of incorporation, bylaws, or action of the board of directors, or by operation of law.”

“The form 990 is prepared by an independent accountant in conjunction with the organization's coo. The coo then reviews a draft of the form 990 in detail; adjustments are made, as necessary. The form 990 is then made available to all members of the board of directors prior to filing with the internal revenue service.”

“All officers, management, contributors, or employees of signal foundation or signal messenger, llc (a single-member llc wholly owned by signal foundation and disregarded for federal tax purposes) are covered by the organization's conflict of interest policy. Each director, officer, and key employee of signal has received a copy of the conflict of interest policy that governs signal. Disclosures of potential conflicts of interest are made to members of the board of directors, including all material facts relevant to a transaction. The board, in the absence of the conflicted individual, determines (by majority vote) whether the interest constitutes a conflict of interest, and if so, whether the transaction is nevertheless in signal's best interest, for its own benefit, and fair and reasonable taking into account the relevant information and facts.”

“Form 990, part vi, section b, line 15a has been answered "no" as the president of signal technology foundation is not compensated. Salary surveys of comparable organizations are performed to determine the compensation of the other officers and key employees of the organization. Compensation contracts and agreements are reviewed annually by independent members of the board of directors.”

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

“Loss on impairment of assets -3,235,773.”