Transcend Inc.

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

“All board members review and confirm they will uphold transcend's board of directors' conflict of interest policy annually. If a director or officer has a financial or personal interest in any matter coming before the board, the board must ensure the interest is fully disclosed. The interested person is not involved in voting on the transaction with the possible conflict.”

“The board is responsible for setting co-founder compensation. The co-founders, in close collaboration with the partner who leads finance and hr, 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 salaries are 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 for equity and fairness. All discussions and decisions were documented.”

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

“Consultants: program service expenses 788,790. Management and general expenses 5,000. Fundraising expenses 0. Total expenses 793,790. Designers: program service expenses 437. Management and general expenses 1,253. Fundraising expenses 0. Total expenses 1,690. Search firm: program service expenses 12,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,250. Contract services: program service expenses 485,324. Management and general expenses 71,101. Fundraising expenses 328. Total expenses 556,753.”

“The organization has an audit committee that assumes responsibility for the oversight of the audit and selection of an independent auditing firm.”