Targeted Meteorological Systems Inc.

“The president and all board members have the opportunity to review form 990 and to ask questions of the tax preparer (outside cpa firm) prior to filing with the irs.”

“Targeted meteorological systems performs an annual review of its conflict-of-interest policy and requires board members and key employees to complete an annual disclosure and certification form. All forms are reviewed, and proper action is taken for any conflicts of interest that are discovered in the process. Key vendors are screened periodically and are required to disclose any relationship the vendor or service provider has with any of the organization's directors, officers, employees or volunteers. If a conflict of interest is discovered appropriate actions are taken including but not limited to disclosure of the conflict, meetings to address the issue, formation of committees if necessary, by the board, and a vote of the governing board to determine if the transaction is fair and reasonable and in the best interest of the organization.”

“Compensation of directors and key employees are reviewed and approved by the governing board. Any persons with a conflict of interest are excluded from all votes and meetings pertaining to compensation review and approval. When necessary, benchmark data is used to identify comparable compensation in comparable positions at similar organizations. The organization uses msec data on projected pay increases in the boulder/denver area. The compensation study is compiled by an independent hr professional. Deliberations and decisions regarding compensation are documented.”

“All organizational documents are available upon request.”