Lunous

“Advertising and promotion $200.00”

“Other office expenses $817.00”

“Interest $1.00”

“Research $19470.00”

“Program design management $63843.00”

“Product Management $14922.00”

“Late reporting fees $4340.00”

“Accounts payable and accrued expenses. Beginning:$10582.00 Ending: $78765.00”

“Lunous contracted with Navicet, a company owned by two board members, one”

“of whom is a stepdaughter of the other), to provide staffing and program”

“management services. The independent members of the board approved the”

“agreement after both interested parties recused themselves. The terms were”

“based on cost plus 5%, reflecting a cost less than fair market value to”

“Lunous. No revenue-sharing arrangements exist between Lunous and Navicet.”

“All contributions to Lunous during the tax year were made by a Donor-Advsd”

“Fund (DAF) supported by a trust managed by a board member. These”

“contributions are reported under the name of the DAF.”

“Lunous has a written conflict of interest policy. All potential conflicts”

“must be and are disclosed to the board and affected members recuse”

“themselves from decisions. The board reviewed and approved the Navicet”

“agreement following these procedures.”