Corespring Inc

“At the current time, there are no committees with the authority to act on behalf of the governing body.”

“When the form 990 is complete for corespring, inc., it is sent to evan eustace, ceo, for review. If any changes are required, they are made at this time. Mr. Eustace then forwards the form 990 to the full board with his recommendation to approve. The full board does an additional review and if there are no objections or additional changes it is approved and filed.”

“On an annual basis, each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms that he/she has received a copy of, read and complied with the coi policy. In addition, the organization periodically reviews transactions for compliance with the policy. The organization may choose to use outside advisors to assist in the reviews. Upon disclosure of a possible conflict of interest and all material facts and after discussion with the interested person he or 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 determine whether a conflict of interest exists. If it is determined that a conflict of interest exists, then an interested person may make a presentation at the governing board or committee meeting, but after the presentation, he or 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 organization 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. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it shall make its decision as to whether to enter into the transaction or arrangement.”

“In prior years the board has met to discuss and vote on the compensation for the ceo basing their deliberations on comparability data (for similar sized organizations and job postings) obtained from third party independent sources. In may 2017, due to the change of focus for the organization, the ceo, who was also the only remaining employee, reduced his salary by > 50%. And at the end of may 2018, the ceo moved from employee to volunteer status. The organization presently has no employees.”

“Corespring will provide copies of its governing documents, conflict of interest policy, financial statements and form 990 upon request.”

“Technology consulting: program service expenses 79,135. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,135. Hsa fee: program service expenses 0. Management and general expenses 375. Fundraising expenses 0. Total expenses 375.”