Igem Foundation Inc

“iGEM Foundation, Inc. has a conflict of interest policy in place, however, did not monitor compliance with its conflict of interest policy or require annual disclosures during the tax year. The organization plans to establish a formal monitoring process and require annual written conflict of interest disclosures from officers, directors, and key employees during 2025.”

“The organization does not compensate the President and CEO. Compensation to the President and CEO, and Executive Vice President is paid by its affiliate iGEM Europe, iGEM uses compensation committee and approval by the board or compensation committee to determine these officers compensation of which is contemporaneously documented.”

“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. The draft Form 990 was reviewed by the President and CEO, and the organization's Business Manager for accuracy and completeness, then provided to the full board prior to filing with the Internal Revenue Service.”

“Upon request, the organization will make available only those documents required to be disclosed under the public inspection laws.”

“Randall rettberg, nemanja stijepovic, and nan zhang are employees of igem europe and reside outside of the united states. Igem foundation reimburses igem europe for certain expenses, including compensation paid to employees.”

“The Jamboree event expense represents Program Service expenses for iGEM's largest and primary program, the annual iGEM Grand Jamboree. These costs include venue rental; utilities and temporary infrastructure; audiovisual equipment and technical services; event staffing and labor; construction, staging, and decorations; rental of furniture and fixtures; safety, medical, and security services; printing and signage; event merchandise and participant materials; marketing and communications; and catering and hospitality services necessary to operate and deliver this core program.”

“CONTRACTORS - Total Expense: 815413, Program Service Expense: 815413, Management and General Expenses: 0, Fundraising Expenses: 0; CONSULTANTS - Total Expense: 70000, Program Service Expense: 70000, Management and General Expenses: 0, Fundraising Expenses: 0; PAYROLL PROCESSING FEES - Total Expense: 7033, Program Service Expense: 5626, Management and General Expenses: 1407, Fundraising Expenses: 0;”