Center for Active Design Inc.

“Reena agarwal, coo, and vineet bedi, board member, have a family relationship.”

“Effective october 2017, the organization uses an outside management company, prestige employee administrators, a professional employer organization ("peo") as a co-employer. The peo was paid $1,322 in 2017 for their services. The two officers listed in part vii, joanna frank and reena agarwal are paid by the peo. Their calendar year 2017 compensation is reported in part vii, section a. Their 2017 w-2 compensation paid by the peo were as follows: -joanna frank: $32,753 base compensation and $4,645 non-taxable benefits -reena agarwal: $22,753 base compensation and $4,645 non-taxable benefits”

“The by-laws were amended in 2017. Updates include: changes in the term and removal of members, details on election of new chair and vice-chair, power to create committees, and inclusion of a confidentiality clause.”

“The center for active design, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by the president & ceo and treasurer and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“Any director, principal officer, or member of a committee with governing board delegated powers, who has a direct or indirect financial interest, is an interested person. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. Each director, principal, officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: (a) has received a copy of the conflicts of interest policy, (b) has read and understands the policy, (c) has agreed to comply with the policy, and (d) understands the corporation is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

“Salary for all positions, including that of the president & ceo, is set based on compensation research provided by payscale, which uses comparable compensation from compensation surveys. Compensation determination is approved by the board of directors and documented in writing in the board minutes. This process was last undertaken in 2017.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Payroll processing fees: program service expenses 15,528. Management and general expenses 1,002. Fundraising expenses 437. Total expenses 16,967. Experiments: program service expenses 66,777. Management and general expenses 8,624. Fundraising expenses 687. Total expenses 76,088. Graphic designer: program service expenses 8,272. Management and general expenses 1,068. Fundraising expenses 85. Total expenses 9,425. Research consultants: program service expenses 79,887. Management and general expenses 10,317. Fundraising expenses 822. Total expenses 91,026. Strategic planning consultants: program service expenses 66,815. Management and general expenses 8,629. Fundraising expenses 688. Total expenses 76,132. Fitwel certifiers: program service expenses 45,250. Management and general expenses 5,844. Fundraising expenses 466. Total expenses 51,560. Communications consulting: program service expenses 2,413. Management and general expenses 312. Fundraising expenses 25. Total expenses 2,750. Other outside services: program service expenses 10,360. Management and general expenses 1,338. Fundraising expenses 107. Total expenses 11,805.”

“The organization has changed its accounting method from cash basis to accrual basis.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”

“In 2017, the center restated certain amounts reported in the 2016 financial statements to correct errors in the recording of contributions and property and equipment.”