University Lab Partners

“Kenneth l. Beall and michael rakestraw have a business relationship.”

“The organization retains the services of lab launch, inc. To assist with the managenent of the day-to-day operation of the organization's wet lab facilities and office space.”

“The return is reviewed by management, and a copy is provided to all voting board members prior to filing.”

“Per university lab partner's conflict of interest policy, the corporation will not be a party to any transaction in which one or more of its directors has a material financial interest, or with any entity in which one or more directors has a material financial interest. The company will not be a party to any transaction unless the corporation enters into the transaction for its own benefit; the transaction is fair and reasonable to the corporation at the time the transation is entered into; prior to consummating the transaction, the board authorizes the transaction in good faith by a vote of a majority of directors, and with knowledge of the material facts concerning the transaction and the interested director's financial interest in the transaction; prior to authorizing or approving the transaction, the board considers and in good faith determines after reasonable investigation that the corporation could not obtain a more advantageous arrangement with reasonable effort under the circumstances; and the minutes of the board meeting at which such action was taken reflect that the board considered and made the findings.”

“Compensation of all officers, if any, shall be fixed from time to time by resolution of the board. Any salaries received by officers shall be reasonable and given in return for services actually rendered for the corporation which relate to the performance of the public benefit purposes of the corporation. No salaried officer serving as a director shall be permitted to vote on his or her own compensation as an officer.”

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

“The organization is in the process of adopting a written whistleblower policy, as well as a written document retention and destruction policy.”

“Consulting fees: program service expenses 0. Management and general expenses 36,030. Fundraising expenses 0. Total expenses 36,030. Outside contract services: program service expenses 0. Management and general expenses 33,030. Fundraising expenses 0. Total expenses 33,030.”