Mountainfilm Ltd. 01-01-94

“The draft federal Form 990 is reviewed with the Board of Directors by the Executive Director and every memer of the Board of Directors approves the federal Form 990. The Board of Directors also has the opportunity to directly converse with tax preparer by conference call prior to filing with the Internal Revenue Service.”

“The conflict of interest policy was adopted during the second half of 2010. The policy was recirculated and re-signed by all concerned parties during 2013. Officers, Board of Directros, staff members and cerain contractors are required to disclose any potential conflicts by signing the conflict of interest form annually. Upon any disclosure(s), the individual concerned shall meet with the Mountainfilm Governance Committee to fully explain and detail the nature of the potential conflict and will abide by whatever decision the Governance Committee comes to following the Committee's deliberation and discussion.”

“On an annual basis Officers and Key Employees are subject to a formal performance review. Increases to compensation are decided upon based on merit and with the use of a matrix approved by the Board of Directors. The compensation of the Officers is then reviewed by a sub-committee of the Board of Directors, who use the matrix and the federal Form 990 of other comparable non-profit organization. The decisions made by the sub-committe of the Board of Directors are documented in the Board Minutes.”

“Copies of the Organization's Form 990 are available to the general public upon request. In addition, the organization's Form 990 is posted on the public website, www.guidestar.org.”

“Section 1.263(a)-1(f) de minimis safe harbor election: For the year ended December 31, 2015, San Miguel Education Fund KOTO-FM is making the de minimis safe harbor election under Reg. Sec. 1.263(a)-1(f).”

“Board has a committee that has oversight over the reviewed financial statements.”