South Carolina Quantum Association

“Directors are not restricted from being remunerated for carrying out their duties as directors. Such remuneration shall be reasonable and fair to the corporation and must be reviewed and approved in accordance with the board conflict of interest policy and state law. The board also may adopt policies providing for reasonable reimbursement of directors for expenses incurred in conjunction with carrying out board responsibilities, such as travel expenses to attend board meetings.”

“The form 990 tax return is prepared by an outside accountant. Upon receipt of the form 990, a copy of the complete return is then provided to each member of south carolina quantum association's board of directors for review prior to submission to the internal revenue service.”

“South carolina quantum association has a written, comprehensive conflict of interest policy. Pursuant to that policy, all officers, trustees, managers and key employees are asked to complete an annual conflict of interest form which is designed to require disclosure of any business relationships maintained by these individuals and/or their family members and which may result in a conflict of interest.”

“The board formed an independent compensation committee which performed a detailed review using comparability data from multiple sources. The officers compensated were not involved in the deliberations or decisions of the compensation committee.”

“South carolina quantum association's governing documents, conflict of interest policy and financial statements are available to the general public upon request.”

“Payroll processing: program service expenses 0. Management and general expenses 13,157. Fundraising expenses 0. Total expenses 13,157. Marketing services: program service expenses 0. Management and general expenses 71,954. Fundraising expenses 0. Total expenses 71,954. Consulting: program service expenses 1,219,278. Management and general expenses 0. Fundraising expenses 16,729. Total expenses 1,236,007. Research and grant writing: program service expenses 0. Management and general expenses 0. Fundraising expenses 100,000. Total expenses 100,000.”