Inveneo Inc

“Inveneo hired a paid preparer to draft the 990. Management and a member of the Board reviewed the 990 and provided changes to the preparer, who then prepared the final 990 return and provided to the Organization to file.”

“Inveneo employees have a duty to promptly disclose any transaction they believe may involve a conflict of interest. When any Inveneo employee becomes aware of a conflict of interest transaction (whether before or after the transaction takes place) each employee is expected to disclose to the Chief Executive Officer (CEO) all material facts regarding the nature of the conflict of interest and the parties involved. When informed of the details of the transaction(s), the CEO determines if a conflict exists, and if so, the remedy to ensure the transaction is reasonable. Employees or Board members involved in the potential conflict of interest transaction are excluded from the decision-making process. At any Board of Directors meeting when a transaction involving a Board member or a person affiliated with a Board member will be considered, said Director shall disclose to the other members of the Board all material facts regarding the nature of the transaction or the Director's affiliation with any person or entity with whom the Board is considering entering into any transaction. After a conflict of interest disclosure is made by a director at a Board meeting, said Director shall leave the meeting while the implications of the affiliation are considered and voted upon. The remaining Board members shall determine whether a conflict of interest exists.”

“The Inveneo Board of Directors, excluding any person with a conflict of interest, is responsible for determining the compensation of Inveneo's Executive Director. In making its determination, the Board considers compensation information of comparable organizations in terms of size of revenues and scope of responsibilities, to ensure compensation is reasonable. Documents and other information that supported the decision-making process are kept with notes of the compensation meeting. Compensation of Inveneo's other key employees is set by the Executive Director and the Inveneo Board of Directors. The Executive Director considers compensation information of comparable organizations to ensure reasonableness. This information is shared with the Board of Directors and is kept with the notes of the meeting(s).”

“Inveneo provides copies of its governing documents, conflict of interest policy and its financial statements to the public upon request. In addition, Inveneo posts its recent Form 990 information returns on its website at www.inveneo.org”

“Technical consulting, 29,559; Deployment services, $227,820; Project Management, $28,490, and other services $29,559.”