Initiative for Medicines Access & Knowledge I-Mak Inc.

“The organization amended its bylaws and articles of incorporation to update its purpose to building a more just and equitable medicines system for all. Through research, partnerships, and education, among other methods, i-mak advances solutions to address structual inequity in the medicines system.”

“The 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 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 co-executive directors and to obtain independent comparability data in determining that the compensation is just and reasonable. This process occurs whenever a top executive is hired, when their employment terms are renewed or extended or when their compensation is modified. This process is documented and approved through memorandum with the external firm and any final decisions in board minutes/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 3,719. Fundraising expenses 0. Total expenses 3,719. Administrative consultant: program service expenses 0. Management and general expenses 3,794. Fundraising expenses 0. Total expenses 3,794. Development consultant: program service expenses 0. Management and general expenses 0. Fundraising expenses 6,950. Total expenses 6,950. Strategic planning consultant: program service expenses 4,312. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,312. Technical consultant: program service expenses 44,739. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,739. Legal/scientific consultant: program service expenses 42,980. Management and general expenses 0. Fundraising expenses 0. Total expenses 42,980. Communications conultant: program service expenses 95,848. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,848.”