Laser Institute of America

“Laser institute of america has the right to elect the members of this organization's board of trustees and has certain reserved powers as defined in the organization's bylaws.”

“The laser institute of american board of trustees has delegated to the cfo the responsibility to oversee, review, and approve the federal form 990, including the preparation, review and filing process. As part of the tax return preparation process the organization hired a professional cpa firm with experience and expertise is not-for-profit tax return preparation to prepare the federal form 990. The cpa firm's tax professionals worked closely with the organization's finance personnel and various other individuals of the organiztion to obtain the information needed to prepare and complete an accurate tax return.the cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and other individuals for their review. The organization's finance personnel and other individuals reviewed the draft form 990 and discussed questions and comments with the cpa firm. Revisions were made to the draft federal form 990 where necessary and a final draft was furnised by the cpa firm to the organization's finance personnel.”

“The organization regularly monitors and enforces compliance with its conflict of interest policy. Annually all members of the board of trustees, officers and senior management personnel are required to review the existing conflict of interest policy and complete a questionaire.each year officers, directers and employees are required to disclose any conflicts of interest they have in writing. The organization's executive director and chief financial officer will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the president in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.”

“The organization's board of trustees has a compensation committee ("committee"). The committee has adopted a written executive compensation philosophy which it follows when it reviews and approves of the compensation and benefits of the organization's executive director and other top management employees. The committee reviews the "total compensation" of the individuals which is intended to include both current and deferred compensation and all employee benefits, both qualified and non-qualified. The committee's review is done on at least an annual basis and ensures that the "total compensation" of senior management of the organization is reasonable.”

“The organization does not make any of these documents available to the public.”

“Part vii reflects certain board members and officers receiving compensation and benefits from the organization. Please note this remuneration was for services rendered as full-time employees of this organization and not for services rendered as a voting member or officer of this organization's board of trustees.”

“Expenses incurred in providing various other necessary educational support services to all individuals in a non-discriminatory manner.”

“The organization did not have any advertising income subject to ubit for the fiscal year ending march 31, 2025. However, we are filing form 990-t with zero amounts to comply with annual filing requirements, even though the return shows zero net revenues and no tax due.”