Athletes Org Inc

“A review was not conducted by the board prior to filing this return. However, the Directors were provided a draft copy for review and approval prior to filing.”

“The purpose of the conflict of interest policy is to protect Athletes Orgs interest when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer or director of the Organization or might result in a possible excess benefit transaction. This policy is intended to supplement but not replace any applicable state and federal laws governing conflict of interest applicable to nonprofit and charitable organizations. A copy of Athletes Orgs policy is available upon request.”

“The Board of Directors surveys information about what other organizations the size of Athletes Org pay the Executive Director and top management. No dividends shall be paid and no part of the income or profits of the Foundation shall be distributed to its directors or officers. The Organization may pay compensation in a reasonable amount to directors, officers, and other key employees for services rendered.”

“The board of directors surveys information about what other organizations the size of Athletes Org pays their key staff. No dividends shall be paid and no part of the income or profits of the Organization shall be distributed to its directors or officers. The Foundation may pay compensation in a reasonable amount to directors, officers, and other key employees for services rendered.”

“Yes, they are available upon request.”

“This amended Form 990 corrects reporting errors in the original filing. A loan was mistakenly reported as deferred revenue and sponshorship revenue but is now properly classified as a liability. Interest payable was omitted; this has been corrected. Financial statements and related schedules have been updated accordingly.”

“Athletes Org has entered into a written agreement with a for-profit corporation named Athletes Innovations, Inc that is wholly owned by Athletes Org Director, Jim Cavale. Pursuant to the agreement, Athletes Innovations, Inc has loaned Athletes Org an amount that allows Athletes Org to support its mission. Pursuant to Athletes Orgs conflict of interest policy, the terms of this agreement were negotiated and approved by Athletes Orgs Directors that do not have an interest in Athletes Innovations, Inc. This ensured the agreement was negotiated at arms length.”