Center for Applied Science & Technology Network

“Fair winds management, llc (fwm) provides management services to the organization under a written contract. Services provided include cash management, tax, recordkeeping and reporting matters, consulting services, human resource management services, property management services, investment management services, risk management service, and other miscellaneous administrative support services. Charles h. Clines, treasurer, was compensated by fwm for services provided to the filing organization and related organizations as follows: charles h. Clines, treasurer: reportable compensation for services provided to filing org: $7,002 reportable compensation for services provided to related orgs: $12,983 amounts paid to fwm are based on time spent by fwm employees on the center's matters. Fwm is also reimbursed for direct out of pocket costs incurred on behalf of the center. All amounts charged to the center are based on actual costs to fwm and do not include any premium or mark-up.”

“Form 900 is reviewed by the board of directors prior to filing. A complete copy of form 990 is made available to the entire board prior to filing.”

“In accordance with the conflicts of interest policy, each director, principal officer and member of the committee with board-delegated powers must annually sign a statement affirming they have received a copy of the conflicts of interest policy, have read and understand the policy, and agree to comply with the policy. Periodic reviews are conducted and include, at a minimum, whether compensation arrangements and benefits are reasonable based on competent survey information and the results of arm's length bargaining. The review also includes whether partnerships, joint ventures and arrangements with management organizations conform to the foundation's written policies, and are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in excess benefit transactions.”

“All compensation matters are reviewed by the board of directors. Compensation of the senior executive positions is based on formal compensation reviews with an outside party. Compensation for other management members is based on comparable salary information obtained from public sources.”

“The organization makes its governing documents, conflict of interest policy and financial statements available in the organization's office to anyone who requests to see them.”

“Center for applied science & technology has a professional employer organization (peo) leasing arrangement with oasis outsourcing holdings, inc. The number of employees reported on form 990, part v, line 2a represents the number of full time employees for the filing organization during the 2019 tax year, as determined by fte hours worked. These individuals are included in the total number of employees on oasis outsourcing holdings, inc.'s form w-3. Center for applied science & technology reimburses oasis outsourcing holdings, inc. The employees' compensation and the reimbursements are reported on form 990 part vii section a and form 990 part ix, lines 5-10.”

“The chief financial officer and a committee of board members assume oversight responsibility for the audit.”