Nus America Inc.

“The Secretary/Treasurer of the NUSAI board reviewed and approved Form 990 prior to issuance.”

“Management employees are transferred from National University of Singapore to NUS America, Inc. on a contract basis. Compensation includes pay based on educational qualifications, number of years experience, etc. and an overseas allowance based on marital status.”

“The Form 990, governing documents, financial statements, and conflict of interest policy are available upon request.”

“The officers and directors are regular employees of National University of Singapore. NUSAI requested compensation information from each of them, but did not receive it.”

“The Silicon Valley program was expanded to include a San Francisco office and program activities. A New York office was opened when the Bio Valley office was closed.”

“The Bio Valley program was moved from Philadelphia to New York City in January 2015. University courses are now held at NYU rather than U Penn.”

“OTHER PROGRAM SERVICES 4: NUS College in New York: In meeting the objective of the National University of Singapore (NUS) to cultivate leading entrepreneurs by immersing a highly selected group of NUS students in startup dynamics and distinguish academic environment, the NUS College in Silicon Valley (NCSV) was established in 2001. This was followed by the launch of the NUS College in Bio Valley (NCBV) in 2002. The NCBV program ceased operation in December 2014. A new program, the NUS College in New York (NCNY) was opened in January 2015 in New York City. The NCNY program is designed to build on the successes of the NCSV and NCBV programs, with adaptations to take advantage of the exciting opportunities in the fast-growing and vibrant tech scene in New York City across all digital and technology sectors.NUS students will spend a year as interns in tech startups and in parallel they will attend entrepreneurship courses at partner university NYU Polytechnic School of Engineering. Students are expected to return to Singapore with a paradigm shift in mindset, motivated to promote the entrepreneurial spirit among NUS students and create an entrepreneurial hub in Singapore.NUS students are awarded with full credits for spending 2 semesters overseas on the internship and courses. The credits are transferred back to NUS to fulfill a part of their Bachelors degree requirement. There are 2 intakes per year in every January and August, with an expected total enrolment of about 20 students per year. Full-time NUS students from various fields of study including Arts & Social Sciences, Business, Computing and Engineering embark on the program in their junior year. At the end of the 1-year program, they will return to NUS to complete their studies.”

“NUS America, Inc. received various donated services and facilities totalling $97,527 from National University of Singapore as follows:Silicon Valley: $12,000 in donated wages, and $1,852 in donated student counseling services.Bio Valley: $12,000 in donated wages.New York: $48,000 in donated wages, and $3,800 in donated facilities.San Francisco: $19,875 in donated wages.NUS America, Inc. donated San Francisco facilities to National University of Singapore which are valued at approximately $99,167.”