Bosom Buddies Inc.

“The executive director of the organization distributes a pdf copy of the 990 return to all board members for review and comment prior to being filed. At the first meeting of the board following the filing of the 990 with the irs, the complete form 990 is presented to the board by the organizations lead officers with responsibility over the form 990s review thereafter, questions are taken and the form, its preparation, and its public relation impact is discussed.”

“At each board and committee meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.”

“The board of directors reviews the compensation for the executive director by comparing her compensation to the compensation of individuals in like positions, in comparable organizations using forms 990, compensation studies, and other available data. The board then approves any changes in compensation based on this information. The organization has no other paid officers or employees meeting the irs definition of a key employee.”

“Joint venture arrangement bosom buddies currently has a contract with sterling baxter, llp. That provides for sterling baxter to service public donation bins and deliver the salvage goods clothing, household, toys, appliances, etc. To a salvage and resale company in the phoenix metroplex area. The salvage donation bins are exclusively for the noncash donaton of goods for bosom buddies and are identified with the bosom buddies name and logo. Bosom buddies also has a contract with tvi, inc. ,the salvage and resale company, to purchase the salvage goods that are donated by the general public. All contracts relating to the recycling program have been reviewed by an attorney and are in compliance with state regulations. Bosom buddies has a formal joint venture policy in place, and has continued to take precautions and institute safe guards to ensure protection of the organizatons tax exempt status and to ensure best business practices.”

“The organization will provide in a timely manner, copies of all governing documents including its conflict of interest policies and financial statements when requested in writing or in person.”