Colorofchangeorg Education Fund

“The finance staff and cfo in consultation with external legal advisors review the financial content of the 990 return to make sure the results are correctly presented and reconcile to the audited financial statements. The cfo reviews both the financial and nonfinancial content with the coo and ed for accuracy and completeness. The 990 return is then emailed to the audit committee and chairman of the board for their review and approval. Upon review and approval from the committee and chairman, the 990 return is then emailed to the entire board of directors before filing with the internal revenue service.”

“The board of directors reviews the conflict of interest policy on a yearly basis and updates disclosures. The board chair and the executive director, along with the chief operating officer and chief finance officer, track any disclosed conflicts. When a conflict arises, board members are recused from any discussion or vote.”

“All color of change.org education fund officers and executive directors are compensated by its related organization color of change.org. Independent members of the board of color of change.org's board, without the e.d.'s participation, do a compensation review as part of the e.d.'s yearly performance evaluation. They examine published data on nonprofit salaries to determine comparable compensation levels. The results of the review are then discussed with the executive director and a final compensation recommendation is approved by the board. Color of change.org reviews the written employment contracts of other organizations when determining the executive director and officers' compensation as part of the compensation procedure.”

“Documents are available upon request.”

“Communications, media, and public relations consultants: program service expenses 53,956. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,956. Program consultants: program service expenses 9,598. Management and general expenses -16,294. Fundraising expenses 7,500. Total expenses 804. Audio video media consultants: program service expenses 128,107. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,107. Strategic advisors: program service expenses 74,663. Management and general expenses 824,340. Fundraising expenses 0. Total expenses 899,003. Temporary agency services: program service expenses 118,762. Management and general expenses 347,211. Fundraising expenses 32,360. Total expenses 498,333. Payroll service fees: program service expenses 0. Management and general expenses 720. Fundraising expenses 0. Total expenses 720. Strategy & program services: program service expenses 305,593. Management and general expenses 2,450. Fundraising expenses 8,044. Total expenses 316,087. Program security services: program service expenses 0. Management and general expenses 23,395. Fundraising expenses 0. Total expenses 23,395.”

“The audited financial statements have yet to be issued as of the filing of the 2023 form 990. This form 990 has been prepared using the best estimates available at the time, and if the final audited financial statements contain material differences, appropriate action will be taken.”