Unknown Organization

“The organization by-laws provide for the board to have three standing board committees, an executive committee, an audit and finance committee, and an education equity committee. The governing body has the power to delegate powers and authority of the board in the management of the business and affairs of the corporation to the extent provided in the resolution of the board or in the bylaws.”

“The form 990 is prepared by an outside accounting firm. It is reviewed by the ceo and coo. All board members have ample time to review before filing with the irs.”

“Inbloom's conflict of interest policy covers transactions between inbloom and its officers, directors, and key employees, and between inbloom and a family member or affiliated entity of an officer, director, or key employee. Each officer, director, and key employee annually completes a conflict of interest declaration to assist the organization in identifying covered transactions. The determination of the existence of conflicts, and the review of actual conflicts, is performed by the audit and finance committee (in the case of a conflict involving a board member or the chief executive officer), or the chief executive officer (in case of a conflict involving another officer or key employee). Persons with a potential or actual conflict of interest must refrain from using personal influence to affect decisions and must physically remove themselves from participating in discussions.”

“A third party conducts benchmarking analysis that includes market data, comparative data, and an assessment of the position for compensation (components and total). That analysis is used to determine the appropriate compensation package for all employees. The organization does this on an ongoing basis. Any compensation decisions for executives are discussed with the board of directors for approval. This is also done on an ongoing basis. Additionally, an independent analysis was conducted during the summer of 2013 to evaluate the compensation for all executives in the organization. That analysis was shared with the board in a private session for their review and acceptance. The last compensation review occurred in august 2013.”

“The organization makes its form 1023 and form 990 available to the public upon request. Other company governing documents are not available to the public at this time.”

“There are six members who volunteer on the board of directors.”

“The organization decided to cease operations in april 2014 and started the process of an orderly wind down.”

“Consulting - communications: program service expenses 175,209. Management and general expenses 17,000. Fundraising expenses 0. Total expenses 192,209. Consulting - governance/planning: program service expenses 39,348. Management and general expenses 0. Fundraising expenses 0. Total expenses 39,348. Consulting - ecosystem: program service expenses 90,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,618. Consulting - data restore and reporting: program service expenses 2,798,075. Management and general expenses 21,555. Fundraising expenses 0. Total expenses 2,819,630. Consulting - consortium management: program service expenses 94,373. Management and general expenses 0. Fundraising expenses 0. Total expenses 94,373. Consulting - other: program service expenses 67,791. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,791.”