Discalced Inc.

“The executive director, nancy umanoff and director of technical production, johan henckens have a family relationship.”

“Discalced, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate: when the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it's submitted electronically to members of the organization's governing body for any comments prior to its submission. The governing body is provided with one week to review the prepared form 990 and provide their comments. Any comments are then grouped, summarized and provided to the executive committee in charge of filing the return for their review. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The board of directors has adopted a conflict of interest policy applicable to all directors, officers, and key employees. All applicable individuals are required to sign a conflict of interest agreement annually, disclosing any possible conflict of interest and be given the opportunity to disclose all material facts to the board. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the meeting of the board or the relevant committee while the determination of a conflict of interest is deliberated and voted upon. The remaining directors or members of the committee decide if a conflict of interest exists by a majority vote. The interested person is not eligible to vote on matters directly pertaining to the business to be transacted. Deliberation and decisions are recorded in the minutes of the board.”

“Discalced, inc. Has a compensation policy and a compensation committee was established for determining the compensation for the executive director, cfo, and other key employees. The policy mandates that executive compensation be periodically reviewed by the compensation committee and that the committee should be free of conflicts of interest. The approving compensation committee reviews appropriate and adequate data and uses a variety of information and studies that are available to determine that the appropriate level of compensation is being paid to its executives and key employees. The comparability sources that the organization used to establish compensation are dance usa, non-profit coordinating committee of new york, and professionals for nonprofits. The compensation committee's decision on the amount of compensation paid is required to be adequately documented in a contemporaneously written format that documents the date of the decision, the members present during the decision and those who voted on it, the full terms of the compensation that was approved, and the comparable data used and relied upon to make the decision. The process was last time undertaken in fiscal year 2020.”

“Discalced, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org. In addition, forms 990 and 1023 as well as the financial statements, governing documents and conflict of interest policy are available upon written request at 3 lafayette avenue, brooklyn, ny, 11217, or by calling the organization directly at (718) 624-8400.”

“Loss on uncollectible pledge -10,500.”

“Discalced, inc. Has a committee that is responsible for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the previous year.”