Science Friday Initiative Inc.

“The form 990 is prepared by an independent certified public accounting firm and reviewed by the executive director. A draft of the return is then emailed to the full board for review. The board of directors will contact the executive director with any questions or comments. Once the review by the board of directors is complete, the return will be filed.”

“Each person serving as a director, officer, or member of a board-delegated committee (and if determined by the board, other persons involved with the organization) shall annually complete the annual disclosure form, identifying any relationships, positions or circumstances in which the person and/or his or her immediate family is involved that he or she believes could give rise to a conflict of interest in the annual board meeting. In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest and all material facts to the directors and members of committees with board delegated powers considering the proposed transactions or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she shall leave the board meeting before the board members discuss the potential conflict of interest and decide if an actual conflict of interest exists. If conflict were to arise, board members would vote on if resignation were necessary. The annual disclosure statement was last completed at the annual board meeting in november 2013.”

“The compensation of the executive director is reviewed and determined by the board of directors thru a formal performance review. The board reviews and compares compensation packages of similar positions and reviews salary survey of similar sized organization by staff size and budget. This process is documented in the board minutes. This process was last undertaken in 2015.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on organization's website, as well as guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, form 990, form 1023, and by-laws are also available upon written request to 19 west 44th street #412, new york, ny 10036.”

“Consultant fees: program service expenses 179,649. Management and general expenses 1,800. Fundraising expenses 9,000. Total expenses 190,449. Producer fees: program service expenses 233,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 233,000. Payroll service fees: program service expenses 14,521. Management and general expenses 1,103. Fundraising expenses 2,757. Total expenses 18,381.”

“The process for selecting an independent accountant and establishing a committee that assumes responsibility for oversight of the audit has not changed from prior years.”