Arrowhead Center Inc.

“The by-laws were changed to eliminate four position directors: nmsu director, physical science laboratory nmsu senior vice president for external relations and chief of staff new mexico tech vice president for research and development new mexico small business development center network, state director”

“The entire board of directors shall be appointed by the regents of new mexico state university.”

“Amendments to the bylaws and articles of incorporation are subject to approval by the nmsu board of regents.”

“A draft of form 990 is provided by the cpa firm to the organization's chief executive officer (ceo) for review. As arrowhead is a related organization with nmsu, the draft form is then reviewed by nmsu's investment and tax manager and returned to arrowhead for revisions if required. The final form is further reviewed by the organization's treasurer prior to signing.”

“The organization utilizes conflict of interest/disclosure forms in order for all interested persons (as defined by the policy) to disclose the existence of any actual or potential conflicts of interest. The forms are reviewed by the audit committee/ president of the board of directors who determine in accordance with the policy whether the appearance of a conflict of interest exists. If it is determined that the appearance of a conflict exists, the audit committee/president of the board of directors reports to the board of directors and the interested person is given the opportunity to disclose all material facts. If after the hearing the interested person's response and after making further investigation as warranted by the circumstances it is determined that a conflict of interest does exist, if the interested person disclosed the conflict, then it is determines if there is an alternative management plan, and if not then the interested person is removed from the decision making role. If it is determined that the interested person has failed to disclose an appearance of conflict of interest, appropriate disciplinary and corrective action is taken by the board of directors.”

“Arrowhead center, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request i.e., by contacting arrowhead center, inc.'s ceo, coo, or cfo.”

“Consultation/advisory svcs 95,893 0 0 video productions 18,500 0 0 engineering & architect svc 1,735 0 0 tax return preparation 0 2,750 0”

“Legal fees paid for innovation fund to be reimbursed -18,034”

“Legal fees paid for innovation fund 18,034”