Institute for Drivers Safety Inc

“Ken and Jan Mann are husband and wife and were both officers and directors during the tax year. However, as a condition of his serving as the independent member on the board of directors, the related directors granted Harvey Schwartz the absolute right to veto any proposed action which he deemed to present a potential conflict of interest if he concluded that under the totality of the circumstances, the proposed action was less fair to the corporation than would have occurred at arms length with an equally qualified person or entity that was an unrelated party to any of the directors.”

“The corporation pays a management and licensing fee to a management company owned by the two related directors for services rendered and intellectual property generated by the management company in concert with independent contractors retained and compensated by the management company in developing and in supervising the development of new programming for students, a new policy and procedures manual, and revised marketing strategies for the corporation.”

“Harvey Schwartz-9622 Cypress Pine Street, Orlando, FL 32827”

“Following the president's review of the completed Form 990, the president presents it to the board of directors for review, discussion, and approval before signing and filing the return.”

“The board requires all directors and officers to disclose annually a conflict of interest sheet, which is reviewed at a board meeting. The corporation doesn't have employees, as such. It uses a PEO to administer payroll for all officers and staff.”

“The board of directors reviews compensation for other similar management positions in the non-profit arena for comparisons in determining proper compensation. Additional consideration is given to performance and the needs of the corporation. See also Part VI, Line 2 above.”

“upon request”