New Mexico Manufacturing Extension

“A copy of form 990 including all applicable schedules is provided to each voting member of the board of directors for their review to ensure accuracy in the disclosure of these forms prior to filing the return. This review process is documented by the board members, as well as center management as to who was involved in conducting the review, when it was conducted, and the extent of the review.”

“The organization has implemented an annual disclosure questionaire to determine each board member's independence and any family or business relationships among directors as well as key employees which may potentially be conflicting with the organization. The board of directors conducts a review of the conflict of interest policy on an annual basis.”

“SEE LINE 15B EXPLANATION”

“The executive committee of the board of directors makes recommendations to the board of directors with respect to the compensation of the organization's officers and directors, the center director, and the top financial official on an annual basis. Only those members of the executive committee that do not have a conflict of interest may be involved in making such recommendations. To the extent reasonably available, the executive committee should rely upon appropriate data as to comparability prior to making any compensation recommendation. Such data relied upon for compensation decisions is included in the minutes of the meeting of the executive committee at which such decision was made. These recommendations are reviewed and approved, modified, or rejected by the board of directors. Only those directors who are free of conflicts of interest may vote on such matters.”

“These documents are available upon written request to the organization.”

“Contactual services 670,950 0 0 other professional fees 1,881 0 0 total 672,831 0 0”

“The other decrease was for the amount paid in august 2024 for grant cycle 2017-2022, due to national institute of standards.”

“See explanation above on schd. O -412,114”