Pelotonia

“The ohio state university may appoint three directors and a quorum shall require at least two of the three university directors. A majority of the university directors may veto any of the following actions provided that any such veto must occur at the time the pelotonia board votes to take the action: 1. Any amendment of the corporation's articles of incorporation or code of regulations; 2. Any licensing of the corporation's ip, provided that the corporation's board, including a majority of the university directors, may delegate contract signature authority to one or more of the corporation's officers, which may include the licensing of the corporation's ip if such licensing is in accordance with board-approved brand and other guidelines and quality control processes; 3. Determination of the annual allocation of the corporation's funds among: (i) research or other activities at the university; (ii) research or other activities conducted at institutions or organizations other than the university; and (iii) corporation operating expenses; consistent with decisions previously approved pursuant to section 2.a.v.1-8; 4. Dissolution or liquidation of the corporation and any distribution of assets related thereto; 5. Merger, consolidation, or other form of business combination or reorganization of the corporation; 6. Sale, lease, mortgage or other disposition of (i) a material amount of the assets or business of the corporation or its subsidiary, or (ii) the corporation's or its subsidiary's share, membership or control interests of another entity; 7. The corporation becoming a material investor, partner, member, associate, or participant in any other enterprise or venture, whether for-profit or nonprofit; and 8. Formation of a subsidiary of the corporation.”

“Pelotonia staff are responsible for compiling and preparing the financial statements that are then audited by an outside firm. Upon completion of the audit, an outside tax firm is engaged to prepare the annual form 990 return. Before filing, the return is reviewed by the pelotonia cfo and then provided to the pelotonia board for review and comment.”

“Annually, board members are required to disclose any interests that could give rise to conflicts.”

“The compensation of the ceo and president is reviewed and approved by the compensation committee of the board. The compensation of officers and key employees is reviewed and approved by the president and ceo. Additionally, the total organizational compensation is reviewed and approved anually by the board.”

“The organization's form 990 and all governing documents are available upon request.”