Social Movement Technologies Foundation Inc.

“Two board members are former spouses”

“Form 990 is reviewed by board members prior to filing the return.”

“All compensation is determined through a board approval process”

“Governing documents are available to public as requested”

“Explanation for cost-sharing agreement between smt inc and smt foundation inc:1. All training receipts that are invoiced or received by check (i.e. Those of more than a few hundred dollars) are tracked based on whether they are from 501(c)(3) organizations or unions. Small amounts that are made onlinve via action network registration forms make it impractical to track. This income is dividied based on teh percentage of persons trained from unions vs 501(c)(3)s based on the regularly updated lists on the website. Currently staff from 2400 groups have been trained, of which 400 are unions, hence the figure of 83% to 17%.2. All expenses are apportioned based on the overall balance of income between 501(c)(3)s and unions (59% and 41%). Our billable rates are now the same for both.”

“Other expenses:global programming $80,217”

“Other expenses:credit card processing fees $152outreach postage $187online training $267books & publications $1277conferences $590travel $1285”

“3. Smts corp. Subsidiary has made it a priority to use staff time to serve the union community. During this fy, $35,000 of time was used for this purpose.4. Smt foundation inc is carrying substantial reserves due to the increase in contracts late in the fy (covid-related). $234,2000 is being held in reserve. This includes retainer funds for future use and registrations for the upcoming certificate program that starts in september. These have been allocated to 501(c)(3) vs benefit corpoation based on receipts.”