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        <FormAndLineReferenceDesc>Form 990, Part VI, Section B, line 11b</FormAndLineReferenceDesc>
        <ExplanationTxt>IT IS THE POLICY OF SVRC INDUSTRIES INC. FOUNDATION TO REVIEW THE COMPLETED FORM 990 WITH THE BOARD OF DIRECTORS. EVERY EFFORT WILL BE MADE TO HAVE THE FORM 990 REVIEWED PRIOR TO THE FILING DEADLINE. IF THIS IS NOT POSSIBLE THEN THE 990 WILL BE REVIEWED AT THE NEXT SCHEDULED REGULAR BOARD MEETING.</ExplanationTxt>
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        <ExplanationTxt>SVRC INDUSTRIES INC. FOUNDATION FOLLOWS THE POLICIES PROVIDED BY SVRC INDUSTRIES, INC. THE POLICY IS AS FOLLOWS: TO REVIEW THE CONFLICT OFINTEREST POLICY AND CODE OF ETHICS WITH EMPLOYEES, BOARD MEMBERS, INTERNS, AND VOLUNTEERS AT LEAST ANNUALLY. THE BOARD OF DIRECTORS IS REQUIRED TO SIGN AN ANNUAL DISCLOSURE FORM LISTING ANY CONFLICTS OFINTEREST AND CERTIFYING THAT THEY HAVE READ AND UNDERSTAND THE POLICY. ENFORCEMENT OF VIOLATIONS: 1. ANY EMPLOYEE, INTERN, OR AGENT WHO VIOLATES THE PROVISIONS OF THE CODE SHALL BE SUBJECT TO DISCIPLINARY ACTION WHICH IS APPROPRIATE TO THE VIOLATION AS DETERMINDED BY THE PRESIDENT/CEO OF SVRC, WHICH MAY INCLUDE REPRIMAND, DISCIPLINARYACTION, OR TERMINATION. 2. ANY BOARD MEMBER, VOLUNTEER, OR THE PRESIDENT/CEO WHO VIOLATES THE PROVISION OF THIS CONFLICT OF INTEREST CODE SHALL BE SUBJECT TO DISCIPLINARY ACTION WHICH IS APPROPRIATETO THE VIOLATIONS AS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WITH THE INVOLVEMENT OF THE PRESIDENT/CEO.</ExplanationTxt>
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        <ExplanationTxt>SVRC DOES NOT MAKE ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC.HOWEVER, SVRC CODE OF ETHICS AND CONFLICT OF INTEREST POLICY IS AVAILABLE THROUGH THE ORGANIZATION'S WEBSITE "WWW.SVRCINDUSTRIES.COM". ALL OTHER DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION EITHER BY USING A THIRD PARTY WEBSITE, OR UPON REQUEST.</ExplanationTxt>
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