Initiative for Medicines Access & Knowledge (I-Mak) Inc

“The form 990 is presented and discussed by the board of directors before it is filed with the irs.”

“In connection with any actual or possible conflict of interest, a board member must disclose the existence of the conflict of interest and disclose all material facts. The remaining board or committee members shall decide if a conflict of interest exists. If a conflcit is found to exist, the board member takes a sabbatical, resigns or removes the conflict.”

“The board of directors work with an external compensation firm to review compensation packages of the ceo and to obtain independent comparability data every three years to ensure compensation is just and reasonable. This process occurs when the top executive is hired, when their employment terms are renewed or extended or their compensation is modified besides cost of living adjustment given to all staff. This process is documented and approved through a memorandum with the external firm and any final decisions recorded in board minutes or resolutions.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Human resources consultant: program service expenses 0. Management and general expenses 11,371. Fundraising expenses 0. Total expenses 11,371. Administrative consultant: program service expenses 0. Management and general expenses 128,700. Fundraising expenses 0. Total expenses 128,700. Development consultant: program service expenses 0. Management and general expenses 0. Fundraising expenses 892. Total expenses 892. Professional development consultant: program service expenses 10,823. Management and general expenses 402. Fundraising expenses 1,019. Total expenses 12,244. Technical consultant: program service expenses 62,490. Management and general expenses 0. Fundraising expenses 0. Total expenses 62,490. Legal/scientific consultant: program service expenses 94,807. Management and general expenses 0. Fundraising expenses 0. Total expenses 94,807. Communications consultant: program service expenses 144,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,000.”