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 and officers are required to review the existing conflict of interest policy and complete a questionnaire. The completed questionnaires are returned to the organization's general counsel for review. The organization's general counsel reviews the completed questionnaires which contains information disclosed on an individual by individual basis. Thereafter, the organization's general counsel notifies the resident and board chair of any conflicts that require further scrutiny and/or board action.”

“Compensation for the chief executive 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, as well as applicable comparable salary data. The independent board members then determine the compensation without the non-independent board members present. The offer of employment for the chief executive officer is formally extended by the board chair.”

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

“On june 30, 2020, the boards of directors of together education and zearn met to finalize the plan to remove the controlling interest under section 512(b)(13) that together education had over zearn. The boards approved zearn's amended certificate of incorporation and by-laws that would reflect that the directors of zearn are it's members and that together education is no longer the sole member of zearn. This change is effective july 1, 2020. As of june 30, 2021, there is no control based on overlapping board members of zearn and together education that exceeds 50%.”

“Professional services: program service expenses 1,375,915. Management and general expenses 92,326. Fundraising expenses 0. Total expenses 1,468,241.”

“The process is consistent with prior year”