Transcend Inc

“The organization has a governance committee made up of the ceo, board chair and two board members. The governance committee regularly reviews and assesses the organization's governing documents, advises management on experiences to strengthen the knowledge, effectiveness and engagement of the board, committees and officers. The committee leads the annual performance evaluation process for the ceo and conducts assessements of the performance of the full board. The committee oversees the identification, recruitment, and onboarding of new board members, oversees board elections and annual conflict of interest reviews for all board members and officers, ensuring that potential conflicts are identified and appropriately addressed to maintain ethical standards.”

“The form 990 is drafted with the support of the tax preparer, bookkeeper and operations staff. The form 990 is then reviewed by the finance leadership team and any changes are made. Once finalized, the form 990 is forwarded to the board for review and approval prior to filing.”

“As it relates to conflicts of interest, all directors, officers and key employees have a duty to disclose the existence of any actual or possible financial interests (and all material facts) to the board as they become aware of possible conflicts of interest. In addition, each year all directors, officers, and key employees (1) sign a disclosure statement which affirms they have received a copy of the conflict of interest policy and agree to comply with the policy, and (2) disclose any potential relevant conflicts of interest, if applicable. For matters where a conflict of interest is present, only independent directors are involved in the assessment, deliberations, and final decision related to the transaction. All approved transactions must be deemed fair, reasonable, and in the best interest of the corporation.”

“The board is responsible for setting ceo compensation. The ceo and coo work in close collaboration to set employee compensation. The process takes into account these key factors: 1)the organization's overall current and anticipated financial health 2)compensation benchmarks for analogous roles in analogous organizations or those doing similar work (market-value for the role) 3) team-wide performance 4) individual performance 5) internal equity check and 6) local geography, as all compensation is set to nyc level and then adjusted by local cost of labor. A member of the board, who is an hr expert, reviews the compensation adjustments annually. All discussions and decisions were documented. The process described here was last completed in 2025.”

“The organization's documents are available upon request.”

“Consultants: program service expenses 790,372. Management and general expenses 74,392. Fundraising expenses 0. Total expenses 864,764. Contract services: program service expenses 2,739,405. Management and general expenses 60,151. Fundraising expenses 0. Total expenses 2,799,556. Honorariums: program service expenses 52,700. Management and general expenses 1,903. Fundraising expenses 0. Total expenses 54,603.”