Comic Relief Inc DBA Comic Relief Us

“Governance and management disclosures the form 990 was prepared by a nationally renowned accounting firm in conjunction with the organization's finance department. The form 990 is provided to the full board of directors for their review and comment prior to its filing with the internal revenue service. In addition, the organization's outside accounting firm presents the form 990 to the full board to enable them to fulfill their due diligence and oversight responsibilities.”

“Comic relief has a robust conflict of interest procedure to ensure that all officers and directors are compliant with the organization's conflict of interest policy. All officers and directors are required to complete an annual questionnaire affirming receipt of the policy, compliance with its directives and to disclose any financial interests in any actual or contemplated transaction that may constitute a conflict of interest. The questionnaire is reviewed for any potential conflicts and should any be discovered addressed by comic relief in such a fashion as to ensure the integrity of the organization's business transactions.”

“Comic relief has a formal process in place for determining the compensation of all employees whose compensation is over $100k (including the executives and highly compensated employees reported on this form 990). In calendar year 2020, the audit and risk committee was tasked with reviewing and approving compensation and documenting such decisions as necessary (in committee minute meetings). No bonuses were issued in calendar year 2020.”

“Comic relief makes its form 990 available to the public by retaining a copy at its place of business and on its website. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy will be provided upon request and at management's discretion.”

“Our mission: to drive positive change through the power of entertainment. Our vision: a just world free from poverty.”

“On may 8, 2020 cr us received loan proceeds in the amount of $554,612 under the paycheck protection program ("ppp loan"). The ppp loan, established as part of the coronavirus aid, relief and economic security act ("cares act"), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loan and accrued interest are forgivable after eight or twenty-four weeks as long as the borrower uses the loan proceeds for eligible purposes, as described in the cares act. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the covered period. Cr us believes this loan will be fully forgiven during the year ending december 31, 2021. The unforgiven portion of the ppp loan, if any, is payable over five years at an interest rate of 1% with payments not required while forgiveness is pending.”

“Comic relief's mission is to drive positive change through the power of entertainment. Comic relief undertakes charitable and educational activities with the aim of eliminating poverty and improving conditions for children and disadvantaged persons in the united states and throughout the world. Comic relief achieves its mission by: 1. Raising awareness of poverty conditions and the issues facing the poor and disadvantaged in the united states and throughout the world. 2. Developing and distributing educational tools and initiatives for school children and teachers in the united states to understand how poverty is perpetuated and the steps that can be taken to eradicate it. 3. Making grants to organizations that are committed to the issues identified by comic relief as having a major effect on the poor and disadvantaged including: the treatment and prevention of hiv/aids and malaria; the education of children and young people; the protection of children at risk.”