Discalced Inc.

“Discalced, inc. Has its form 990 prepared by an outside accounting firm. It is then reviewed by the cfo and electronically sent to the finance/audit committee for their review and comment. A presentation by the accounting firm is made to the finance/audit commmittee. Any required updates are made, and a final complete copy is provided to the entire board of directors prior to filing with the irs.”

“The board of directors has 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 are given the opportunity to disclose all material facts to the board. After disclosure of the financial interest and all material facts, and after any needed 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. The 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 officers. 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 officers. 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 2022.”

“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, 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 -3,000.”

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