Presentense Group Inc

“The form 990 was prepared by the outside accountants and reviewed by the board of directors before it was filed.”

“The presentense group's bylaws include a clear conflict of interest policy, affirmed by the board of directors. Following a process of operational review, presentense group begins each year with a group revisiting of the policy and individual affirmation of its principles. Any director who has an interest in a matter leaves the room during any discussion regarding whether a conflict of interest exists and whether to approve the matter. Procedures for addressing the conflict of interest: (a) any director who has an interest makes a presentation at the board of directors or committee meeting, but after the presentation, the director leaves the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. (b) the chairperson of the board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the board of directors or committee determines whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (d) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors or committee determines by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it makes its decision as to whether to enter into the transaction or arrangement. The conflict of interest policy also applies to officers and key employees.”

“The executive board held a meeting on september 1, 2013 with regard to executive compensation for the ceo and determined a salary schedule for the following two years of activity. The new york non-profit survey was used for comparable data and contemporaneous substantiation of the deliberation and decision was documented in the board's minutes. The last compensation review took place in november 2014.”

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

“401k administration: program service expenses 0. Management and general expenses 1,679. Fundraising expenses 0. Total expenses 1,679. Contract services: program service expenses 11,938. Management and general expenses 2,954. Fundraising expenses 0. Total expenses 14,892. Consultant fees: program service expenses 42,853. Management and general expenses 2,363. Fundraising expenses 204. Total expenses 45,420.”

“De-obligation of grants -464,810.”