Biostl

“There are no applicable committees. Per the form instructions, this question is answered 'no'.”

“Biostl provides information to an outside firm for preparation of the form 990. Then, the return is provided to the president, secretary, and treasurer for review. Before the return is filed, a copy is e-mailed to the board.”

“On an annual basis, officers, directors and key employees are inquired of regarding any potential conflicts of interest.”

“End of year bonuses are paid via an end of year performance review with the employee's manager. This determines if additional compensation should be awarded in the form of merit increases and/or a bonus. Related organizations use similar procedures to determine compensation. Compensation is reviewed via market compensation for like non profit businesses. The president's compensation is reviewed by an outside party and annual increases and bonuses are approved by the board.”

“Governing documents, conflict of interest policy, and financial statements are kept in the organization's office and may be available on a case by case basis should a written request for inspection be received.”

“Effective december 2015, biostl entered into a professional employee organization (peo) arrangement with an outsourced hr provider. 47 form w-2's were issued by the peo and are not included in part v. However, employee and officer salary continue to be reported as wages in parts vii and ix as the peo agreement treats personnel as employees of biostl for certain purposes.”

“Other professional fees: program service expenses 348,163. Management and general expenses 21,839. Fundraising expenses 21,839. Total expenses 391,841. Consulting: program service expenses 1,185,110. Management and general expenses 7,000. Fundraising expenses 0. Total expenses 1,192,110. Marketing: program service expenses 138,898. Management and general expenses 6,303. Fundraising expenses 0. Total expenses 145,201. It support services: program service expenses 100,996. Management and general expenses 7,020. Fundraising expenses 9,360. Total expenses 117,376. Hr consultant: program service expenses 0. Management and general expenses 1,733. Fundraising expenses 0. Total expenses 1,733.”

“These financial statements are prepared on the modified cash basis of accounting.”