America'S Frontier Fund

“Gilman louie and joanne isham serve on a seperate organization's governing board.”

“The directors of aff are the members of the corporation for all purposes.”

“Members of the board of directors, as members of the corporation, have the power to elect board members by a majority vote of the directors present at a meeting for which a quorum exists.”

“The form 990 was reviewed by the president and chief operation officer prior to the filing.”

“The conflict of interest policy covers directors, officers, and key employees. In connection with each actual and possible conflict of interest, a covered person must promply disclose to the board of directors, committee or board designeee the existnece and nature of his or her financial interest or any disclosable relationship. All newly appointed or elected board members or officers shall disclose all known conflicts of interest and disclosable relationships upon assumption of their duties. And should a conflict of interest or disclosable relationship develop, must immediately disclose to the board, committee or board designee such actual or possible conflict of interest or disclosable relationship. After a potential conflict of interest has been disclosed, the board or committeee shall determine whether a conflict of interest exists. If the board or committee determines that a covered person has a financial interest, then it will be investigated and determined by a majority vote of the disinterested board or committee members wehther the transaction or arrangement is in the organization's best interests. Covered persons are required to review and certify compliance with the policy on on annual basis.”

“Compensation to the president is determined by the board of directors.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public when required by federal and state law.”

“The organization is amending its initial filing due to the application of the accrual basis of accounting based on comparative financial statement audits as of for the years ended december 31, 2022 and 2021 issued subsenquent to the initial filing as well as further disegration of applicable cost categories. The following are the significant changes from the initial filing: part and original amended line number amount amount difference part i, line 15 46,956. 65,401. 18,445. Part i, line 17 45,227. 147,970. 102,743. Part i, line 18 92,183. 213,371. 121,188. Part i, line 19 113,956. -7,232. -121,188. Part i, line 20 264,989. 193,304. -71,685. Part i, line 21 151,033. 200,536. 49,503. Part i, line 20 113,956. -7,232. -121,188. Part iii, line 4a 77,423. 195,605. 118,182. Part ix, line 5 9,167. 61,778. 52,611. Part ix, line 7 34,166. 0. -34,166. Part ix, line 7 3,623. 0. -3,623. Part ix, line 11g 10,073. 111,972. 101,899. Part ix, line 12 2,829. 2,000. -829. Part ix, line 13 790. 0. -790. Part ix, line 17 17,331. 18,455. 1,124. Part ix, line 24b 0. 828. 828. Part ix, line 24c 0. 324. 324. Part ix, line 24d 0. 115. 115. Part ix, line 24e 0. 71. 71. Part ix, line 25 92,183. 213,371. 121,188. Part x, line 14 71,686. 0. -71,686. Part x, line 16 264,989. 193,304. -71,685. Part x, line 17 117,721. 200,536. 82,815. Part x, line 22 33,312. 0. -33,312. Part x, line 26 151,033. 200,536. 49,503. Part x, line 27 113,956. -7,232. -121,188. Part x, line 32 113,956. -7,232. -121,188. Part x, line 33 264,989. 193,304. -71,685. Part xi, line 2 92,183. 213,371. 121,188. Part xi, line 3 113,956. -7,232. -121,188. Part xi, line 10 113,956. -7,232. -121,188. In addition, certain other informational areas of the return have been updated to properly present information further applicable to the year ended 2021. The areas of the form 990 more significantly updated include additional language to part ii, 4a, updates to the organization's governance policies in part vi, section b, updates to the board listing in part vii, inclusion of schedule d reflecting reconciliation of audited financial statement information to form 990, and removal of schedule l due to relevant facts and circumstances determined after the initial filing.”

“The organization was not required to file a form w-3 for 2021. The amount of compensation reported on the statement of functional expenses (part ix) represents accrued payroll that was paid in the subsequent year.”

“Other professional fees: program service expenses 111,972. Management and general expenses 0. Fundraising expenses 0. Total expenses 111,972.”