World Wide Web Foundation

“Tim berners-lee and rosemary leith have a family relationship.”

“Minutes are not taken for finance committee meetings, as the cfo presents his financial report and analysis quarterly in the finance committee meetings and that report is maintained by the organization.”

“The form 990 was prepared by the organization's accountants and reviewed by the organization's finance committee in detail, and approved by them. The 990 was then made available to the full board prior to filing with the irs.”

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of his or her financial interest and all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he or she leaves the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. An interested person may make a presentation at the board or committee meeting, but after such presentation, he/she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. After exercising due diligence, the board or committee determine whether the foundation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest.”

“The ceo's compensation was determined by the board of directors. The review included the use of a compensation survey and comparable data. The ceo's compensation was last reviewed in august 2023. Other employee compensation is determined by the ceo based on comparable data and by reviewing compensation surveys conducted by third parties.”

“World wide web foundation makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Maintenance & lease accounting software: program service expenses 0. Management and general expenses 9,520. Fundraising expenses 0. Total expenses 9,520. Wf staff contractors: program service expenses 19,110. Management and general expenses 44,636. Fundraising expenses 0. Total expenses 63,746. External professional fees: program service expenses 140,629. Management and general expenses 44,813. Fundraising expenses 62,008. Total expenses 247,450.”

“The organization performed an audit for the year 2022 subsequent to the preparation and filing of the 2022 form 990. Additional expenses were accrued as part of the audit, and a receivable was reduced. As a result, we are reflecting a prior period adjustment on part xi, line 8 of (112,620) to agree to the financial statements.”