Lions Roar Foundation

“In 2015 the Foundation filed Articles of Amendment with Industry Canada to change its name to the Lions Roar Foundation, to modify the purposes of the Foundation, and to simplify its membership structure. The members also passed new by-laws at that time. The IRS was notified of these changes and provided copies of the documents in a September 29, 2015 letter.”

“The Foundation is authorized to establish one class of members with all of the rights, privileges and responsibilities required by the Canada Not-for-profit Corporations Act and any other such rights, privileges or responsibilities as may be set out in the By-laws of the Foundation.”

“Annual Meetings - Subject to the Canada Not-for-profit Corporations Act, the board shall call, at such date and time as it determines, an annual meeting of members for the purpose of considering the financial statements and reports of the Foundation pursuant to the Act, electing directors, appointing the auditor and transacting such other business as may properly be brought before the meeting.Proposals Nominating Directors at Annual Members Meetings - Subject to the Regulations under the Canada Not-for-profit Corporations Act, any proposal may include nominations for the election of directors if the proposal is signed by not less than 5% of members entitled to vote at the meeting at which the proposal is to be presented.Special Meetings - The board of directors may at any time call a special meeting of members for the transaction of any business which may properly be brought before the members. The board of directors shall call a special general meeting of members on written requisition of members carrying not less than 5% of the voting rights.”

“None other than described above.”

“The Form 990 is prepared by the Foundation's US accountant, working with the Foundation's finance staff. The completed form is reviewed by the CEO, who submits it to the Board of Directors for approval. The Board approves the filing, and authorizes the finance director to sign the form and submit it to the IRS.”

“The Foundation's policy is that compensation levels for all staff will be determined by a committee of independent members of the board, who do not have a conflict of interest with respect to the compensation arrangements. Compensation decisions will be based on the compensation levels of similar positions at similarly situated organizations, and the decisions of the compensation committee will be documented. This policy was adopted by the Board on October 22, 2008.”

“The Foundation makes its governing policy documents, policies and financial statements available to the public upon request.”

“Foreign exchange rate fluctuations = $89620”