Zearn

“The organization's federal form 990 was provided to and made available to its audit committee for review by its members prior to filing with the irs. Subsequent to the audit committee review, the organization made its form 990 available to all members of its board of directors for their review. The audit committee has the responsibility to oversee, revise and approve the federal form 990, including the preparation, review and filing process. As part of the tax return preparation process the organization hired a professional cpa firm with experience and expertise in not-for-profit tax return preperation to prepare the federal form 990. The cpa firm prepared a draft federal form 990 and furnished it to the organization's finance personnel and other individuals for their review. The organization's finance personnel and other individuals reviewed the draft federal form 990 where necessary and a final draft was furnished by the cpa firm to the organization's finance personnel and various other individuals for final review and approval prior to presentation of the federal form 990 to the organization's audit committee and thereafter provision to all members of the organization's board of directors.”

“The organization regularly monitors and enforces compliance with its conflict of interest policy annually. All members of the board of directors, officers and senior management personnel are required to review the existing conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to the organization's cfo for review. The organization's cfo prepares a summary of the completed questionnaires which contains information disclosed on an individual by individual basis. Thereafter, the organization's cfo presents this summary to the board of directors for its review and discussion.”

“Compensation for the chief executive officer and the chief product officer is discussed and determined by the board of directors, taking into account compensation packages of comparable organizations (e.g. Education-related nonprofit organizations and technology start-ups in new york city), using a salary study prepared by a nonprofit attorney. The board discusses compensation for the chief executive officer and the chief product officer, as well as applicable comparable salary data. The independent board members then determine the compensation without the non-independent board members present. The offers of employment for the chief executive officer and the chief product officer are formally extended by the board chair.”

“The organization makes its 990 and financial statements available to the public upon request.”

“Professional fees - product development: program service expenses 438,834. Management and general expenses 4,281. Fundraising expenses 0. Total expenses 443,115. Financial services: program service expenses 6,442. Management and general expenses 131,294. Fundraising expenses 0. Total expenses 137,736. Shared service fees - uka: program service expenses 50,000. Management and general expenses 200,000. Fundraising expenses 0. Total expenses 250,000.”

“The process is consistent with prior year”