Visionspring Inc

“Board members kevin hassey (director) and reade fahs (chairman) have a business relationship.”

“The organization uses an outside accounting firm for the preparation of its form 990. Once the form 990 has been prepared, it is reviewed by members of the organization's management team. A copy is provided to the organization's board of directors after filing the return with the internal revenue service.”

“The conflict of interest policy covers any director, officer or committee member with powers delegated by the organization's board of directors who has a direct or indirect financial interest with respect to a given transaction or arrangement. An interested person has a financial interest with respect to a given transaction or arrangement if the person directly engages in a transaction or arrangement with the organization, or has, directly or indirectly, through business, investment or family, any of the following: i. An ownership or investment interest in which the organization has a transaction or arrangement ii. A compensation arrangement with the organization or with any entity or individual with which the foundation has a transaction or arrangement, or iii. A potential ownership or investment interest in, or compensation arrangement with any entity or individual with which the organization is negotiating a transaction or arrangement. Compensation includes direct and indirect remuneration as well as gifts or favors that are substantial in nature. An interested person is required to disclose the existence of a potential conflict of interest to the board and members of committees with board-delegated powers. The interested party leaves the room while the board or board committee reviews and discusses all material facts, and votes upon the existence of a conflict of interest. A majority vote determines if there is a conflict of interest. In addition, the president or committee chairperson may appoint a disinterested person to investigate alternatives to the proposed transaction or arrangement. Following due diligence, the board or board committee will decide if a more advantageous transaction or arrangement that does not give rise to a conflict of interest is attainable. For all actual or potential conflict of interest issues, the minutes of the board and all board committees contain the names of the interested persons, names of persons present for discussion and voting, the content of the discussion, the recording of the votes, and the action taken. Each director, officer and member of a board committee annually signs a statement that attests that the individual has received, read, understood and agrees to comply with the conflict of interest policy. A copy of the disclosure form is retained within the organization's books and records.”

“Compensation data is collected by an independent contractor who provides the organization with comparable data for the ceo and other officers. The board of directors reviews and approves all compensation arrangements for top leadership, including the ceo, founder, and coo. The ceo approves the compensation for other personnel. All board deliberations and decisions are documented in the board minutes that are kept on file with the organization's books and records. This process was last undertaken in 2021.”

“The form 990 and form 1023 are available for public inspection as required under section 6104 of the internal revenue service code as it is posted on guidestar.org and other similar websites. The organization also posts the form 990 and auduted financial statements on its website. In addition, the financial statements, articles of incorporation and bylaws are available upon written request of the organization at 30 east 60th street, suite 201, new york, new york, 10022, or by calling the organization at 212-375-2599.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Other fees: program service expenses 731,976. Management and general expenses 309,933. Fundraising expenses 294,009. Total expenses 1,335,918.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accoutant. The process has not changed from the prior year.”