Hypopara Research Foundation

Schedule O

“FORM 990, PART VI, LINE 7A The President of Hypopara Research Foundation has the authority to designate members of the governing body. FORM 990, PART VI, LINE 7B The President of Hypopara Research Foundation has the authority TO approve decisions of the governing body. FORM 990, PART VI, LINES 8A AND 8B The Foundation does not currently document meetings held or actions undertaken during the year by the governing body and those authorized to act on behalf of the governing body. In the future, the foundation will develop a process to document meetings on at least an annual basis. FORM 990, PART VI, LINE 11B - FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE FORM 990 IS THEN REVIEWED BY THE PRESIDENT OF HYPOPARA RESEARCH FOUNDATION PRIOR TO BEING FILED WITH THE IRS. Form 990, Part VI, Line 12C THE FOUNDATION REQUIRES EACH BOARD MEMBER, OFFICER, AND OTHER INTERESTED PERSONS, TO PROMPTLY DISCLOSE ANY POTENTIAL CONFLICT TO THE BOARD OF DIRECTORS, UPON LEARNING OF A PROPOSED TRANSACTION. THE BOARD ANALYZES THE POTENTIAL TRANSACTION AND DETERMINES WHETHER A CONFLICT EXISTS. IF A CONFLICT EXISTS, AND THE REMAINING BOARD MEMBERS SHALL DECIDE THE MATTER. THE FOUNDATION REQUIRES EACH BOARD MEMBER AND OFFICER TO SIGN AN ANNUAL STATEMENT THAT AFFIRMS THAT THEY HAVE RECEIVED AND READ THE CONFLICT OF INTEREST POLICY, AND TO DISCLOSE ANY FINANCIAL INTERESTS AND RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, LINE 19 The Foundation does not currently have a formal process to make governing documents, conflict of interest policy, and financial statements available to the public. Any such request would be deferred to the Foundation's attorney.”