The George E Brown Us-Mexico Foundation for Science Inc

“After a draft of the combined financial statements and independent auditors' report is reviewed by an independent certified public accountant ("cpa") with years of relevant experience, a draft of the form 990, return of organization exempt from income tax (the "form 990"), is diligently reviewed and carefully prepared with multiple information review sessions with the organizations directors, officers and staff, including outside mexican cpas and mexican counsel. The form 990 is then reviewed by independent legal counsel with significant experience in tax-exempt and nonprofit legal compliance. The executive director of the organization then confirms the content of the form 990 to present to the board of directors. The board of directors reviewed the draft form 990, asked diligent questions about the form 990 and approved the form 990 while documenting such vote in the minutes of a board of directors meeting. The form 990 is then finalized and filed with the internal revenue service.”

“The board of directors of the organization has regularly and consistently applied an oral conflict of interest policy where officers, directors and key employees were required to disclose annually any interest that could give rise to a conflict. The board of directors recently adopted at a board meeting a written policy that ratified this oral and practical tradition. The policy will continue to regularly and consistently be applied. The policy was discussed, will be discussed and executed annually certifying that each director, officer and key employee have read the conflict of interest policy and shall present any conflict of interest to the board of directors of the organization in a prudent and careful manner as detailed in such conflict of interest policy. In addition, the board of directors of the organization reviews a diligent list of questions in a separate checklist with detailed definitions that requests information about independence, related entities, potential transactions with related parties, and educational materials for the board of directors to maintain a high level of good corporate governance and tax-exempt compliance.”

“There is only one individual in the organization who is an executive director, top management and key employee. This person's compensation was determined by reviewing comparable organizations of comparable size, similar geographic region and similar compensation for such positions. The executive director used outside consultants, mexican cpas and attorneys, to help determine a reasonable compensation for the executive director. The board approved the compensation after such information was prepared.”

“The organization's form 990 can be found on other organization's websites like guidestar.org. The form 990 and other public disclosure documents can be reviewed or obtained upon request to the organization. Finally, the certified public accountant keeps a copy of the form 990 and the form 1023 to help facilitate reasonable public inspection or explanations of such documents upon any reasonable request and the organization's counsel.”

“The organization may give permission, through its cpa or attorney, to assist anyone who has a request, with obtaining any information including the organization's governing documents, conflicts of interest policy, financial statements available to the public and, subject to privacy law, the organization's relevant public disclosure required documents.”

“No change from prior year.”