Open Supply Hub Inc.

“The board may, by a majority vote of its members, designate an executive committee consisting of at least two (2) board members and may delegate to such committee the powers and authority of the board in the management of the business and affairs of the corporation, to the extent permitted, and, except as may otherwise be provided, by provisions of law. Os hub has an established executive committee of the board of directors. As of december 2023, the committee consisted of three members, including the board chair.”

“Once the draft version of the irs form 990 is provided by os hub's independent accounting firm, the coo/cfo reviews with the leadership team and finance team. Following their review, the draft is circulated to the audit committee of the board of directors for review. Following the review by the audit committee, it is circulated to the full board of directors via email for feedback and subsequently filed with the irs.”

“Article 10 of the os hub's bylaws sets out the organization's conflict of interest policy. Prior to recruitment to the board of directors, any perceived conflicts of interest must be declared. If the board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Any disciplinary or corrective action will be documented and kept on file. Board members and officers of the organization are required to sign a conflict of interest disclosure annually. The board secretary monitors compliance.”

“The salary of the executive director is proposed following a robust benchmarking exercise, using comparable data to similar roles in organizations of os hub's size, industry, budget, and in the same geographic region in which the executive director resides. The salary is reviewed annually and agreed upon by the executive committee following a performance evaluation process. The last time this process was completed was in december 2023. The executive director and coo/cfo, under board advisory, benchmark and decide on the compensation of the other officers.”

“The os hub makes available its financial statements and irs form 990 on its info website. Other governing documents and conflict of interest policy will be provided upon request.”

“Contractural services: program service expenses 65,801. Management and general expenses 143,219. Fundraising expenses 15,896. Total expenses 224,916. Professional fees: program service expenses 133,560. Management and general expenses 8,233. Fundraising expenses 0. Total expenses 141,793.”

“The organization has not changed its audit oversight process or selection of an independent accountant process during the year.”