B Lab Company

“The governing documents were updated to include revisions to expand on the organization's purpose, offices and committee concepts, update board terms, the executive director role, meeting participation, gift acceptance policy, contract and banking policies, excess benefit transactions and the fiscal year and audit process.”

“The form 990 was prepared by outside accountants and reviewed by the board prior to filing with the irs.”

“The conflict of interest applies to any director, principal officer or member of a committee with governing board delegated powers (voting and non-voting). To enforce this policy, the organization requires annual disclosure and interim monitoring throughout the year. If the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose. If, after hearing the member's response and after making further investigation as warranted by the circumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it takes appropriate disciplinary and corrective action.”

“The compensation process for the top official of the company includes a independent compensation committee that reviews that performance of the executives. Adjustments are also based on that review and by performance market surveys of compensation paid to executives of similar type and size organizations. The compensation was discussed and documented. The last compensation review took place in july 2021. The process for other officers and key employees includes the same review as the top management officials.”

“Governing documents, conflict of interest and financial statements are available to the public upon request.”

“Fundraising consulting: program service expenses 0. Management and general expenses 0. Fundraising expenses 73,679. Total expenses 73,679. Comms: program service expenses 88,558. Management and general expenses 34,000. Fundraising expenses 0. Total expenses 122,558. Executive recruiting: program service expenses 0. Management and general expenses 221,900. Fundraising expenses 42,400. Total expenses 264,300. Coaching: program service expenses 0. Management and general expenses 89,233. Fundraising expenses 0. Total expenses 89,233. Event management: program service expenses 209,073. Management and general expenses 0. Fundraising expenses 0. Total expenses 209,073. Interpreting and translation: program service expenses 81,047. Management and general expenses 0. Fundraising expenses 0. Total expenses 81,047. Media: program service expenses 90,870. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,870. Advisory fees: program service expenses 1,717,823. Management and general expenses 149,266. Fundraising expenses 1,882. Total expenses 1,868,971.”

“Loss from investment in b lab ip llc -136,744. Exchange rate loss -30,663.”