Saratoga Foundation

“| Employee:, Relationship:, Employee:| Glen E Howard, Family Relationship, Serap Kara|”

“Part VI Section A Line 8a - Organization did not hold any meetings of the governing body and there were no changes in organizational structure policy or direction initiated during the year. Part VI Section A Line 8b - Organization has no committees with authority to act on behalf of the governing body.”

“The Form 990 was prepared by the Legal Affairs Director and reviewed by the President as well as by all officers prior to filing. The organization makes all the governing documents along with all the financial statements accessible by its board upon request. All of these documents including the Form 990 are available for their review at any time upon request.”

“The Form 990 is prepared by the foundations Director of Legal Affairs in consultation with the President and reviewed by the President and made available to the Board for review upon request.”

“Compliance is monitored annually; all board members directors officers and key employees are required to disclose any potential conflicts of interest in accordance with the whistleblower policy. The board is obligated to review investigate and resolve all reported violations annually.”

“The organization makes its governing documents conflict of interest policy and financial statements available to the public and to those who are involved in accomplishing the mission of the foundation upon written telephone or email request.”

“| Employee Name:, Description:| Glen E Howard, None of the officers directors or trustees received any compensation from the organization or from any related organizations during the tax year.|”

“| Explanation:| Section A. 1a - None of the officers directors or trustees received any compensation from the organization or from any related organizations during the tax year.”

“| Explanation:| Part VI Section A 1a 1b and 2 -Organization was incorporated in September 2023. The governing body consists of six directors two of whom are married. Neither spouse received compensation from the organization during the tax year. Both spouses contributed volunteer time and significant effort to the organizations operations in this tax year. The organization maintains a written conflict of interest policy which requires directors and officers to disclose any potential conflicts annually. The organization also has a written whistleblower policy and a document retention and destruction policy. No officers directors or key employees received compensation in 2024.”

“| Description:, Amount:| Independent contractor Contract Labor - Project related Russia in Space, $40800|”

“| Explanation:| Part X Line 25 - Other liabilities: The amount reported on Form 990 Part X line 25 represents reimbursable organizational and project related expenses paid personally by the President. These funds are non-interest bearing and expected to be reimbursed from future foundation funds in the following tax year. This liability does not constitute a loan or long-term debt.”

“| Explanation:| Independent Contractor Pavel Luzin is paid $40,800 for researching and writing a monograph titled Russia in Space.”