Project Apis M Inc

“During the year, the organization did not have any committees with authority to act on behalf of the governing body.”

“The organizations form 990 was prepared by the organizations cpa in consultation with the organizations operations manager and outsourced accountant. It was reviewed in detail by the organizations treasurer for accuracy and reasonability. A complete copy of the form 990 was provided to the organizations board of directors for review and approval before it was filed.”

“The organization provides a copy of its conflict of interest policy to all board members and management during onboarding. In addition, a copy is provided annually. All board members and management are required to review the policy and sign a disclosure statement, which acknowledges an understanding of the policy and discloses any potential conflicts of interest they are aware of. All potential conflicts of interest are reviewed by the executive committee to determine the appropriate action to be taken to eliminate or mitigate risks posed by the conflict. The organization requires that board members with conflict of interest be recused from the deliberation and voting related to a transaction or action in which they may have conflict.”

“On an annual basis, a committee of the board of directors establishes the executive directors compensation. The organization requires that no member of the committee have a conflict of interest related to the compensation arrangement. The committee uses salary surveys, publicly available 990s, and other information for similar positions and similar organizations within the region to establish a reasonable level of compensation. The committee contemporaneously documents its discussions and decisions in committee minutes. The organizations board members do not receive compensation from the organization.”

“The organizations governing documents, conflict of interest policy, and financial statements are available upon request to the organizations office. In addition, the organizations 990s for the past several years, and financial statements are available through guidestar.org and the organizations articles of incorporation are available through the california secretary of states office.”

“4a first accomplishment (continued) the organization funds research studies, purchases equipment for research labs, and supports graduate students through scholarships to encourage careers in pursuit of science-based solutions to honey bee challenges.”

“Cost of goods sold 226,538 cost of goods sold -226,538”