MID Atlantic Clean Hydrogen Hub Inc

“The form 990 is prepared by an outside cpa firm and is circulated to the board of directors before timely filing with the irs.”

“The conflict review committee oversees the creation of an annual report that tracks both managed and unmanaged financial conflicts of interest (fcoi) and organizational conflicts of interest (oci). This report must be submitted to the department of energy (doe) every year and updated within 30 days of discovering or acquiring a new significant financial interest (sfi) (e.g., through purchase, marriage, or inheritance). Additionally, subrecipients must submit an initial conflict of interest report before using any federal funds. Subrecipient reports are reviewed by the conflict review committee and disclosed alongside mach2's own annual report. If a conflict arises the individual will leave the meeting during the discussion, and the vote on, the transaction or arrangement involving the possible conflict of interest. The co-chairs of the board of directors, or chairperson of any committee, will appoint a disinterested person to investigate any alternatives to the proposed transaction. After exercising due diligence, the board of directors, or committee, shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors, or committee, shall determine by a majority vote of the disinterested members thereof whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.”

“The organization makes these documents available upon request.”

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”

“As a result of federal funding, mach2 is required to comply with the federal whistleblower policy and the federal document retention and destruction policy.”

“Professional services: program service expenses 0. Management and general expenses 29,030. Fundraising expenses 0. Total expenses 29,030. Consulting: program service expenses 5,225,725. Management and general expenses 145,116. Fundraising expenses 0. Total expenses 5,370,841. Public relations: program service expenses 0. Management and general expenses 29,700. Fundraising expenses 0. Total expenses 29,700. Contractual: program service expenses 0. Management and general expenses 265. Fundraising expenses 0. Total expenses 265.”