The Character Lab Inc

“Feroz dewan and erica dewan have a family relationship.”

“Dr. Angela duckworth is employed by, and conducts research for, a lab at the university of pennsylvania that has received funds from the riverdale country school and character lab to conduct research at both riverdale where fellow board member dominic randolph is head of school, and at kipp where fellow board member dave levin is a co-founder. Mr. Dominic randolph's organization, the riverdale country school, served as a fiscal agent for the organization until it received its tax-exempt status in september 2013.”

“The organization has outsourced its business management services, including financial management and reporting, human resource management and recruiting to an outside organization.”

“The form 990 is reviewed by the organization's director of finance & operations as well as the executive director prior to its submission. The audit committee is provided with a copy of the draft form 990 prior to its submission. The form 990 is also provided to each board member prior to filing with irs.”

“The organization created a conflict of interest policy that applies to its directors, officers, key employees ("covered persons"). Per the policy, disinterested directors are responsible for reviewing any actual or potential conflict of interest between the organization and a covered person and for determining an appropriate organizational response to protect the interests of the organization. Covered persons are also under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known or reasonably should be known. When there was an actual or potential conflict of interest between the organization and a covered person with respect to a specific proposed action or transaction, the disinterested directors approved such action or transaction, as documented in board meeting minutes. However, the organization did not obtain signed conflict of interest disclosure statements from all covered persons until the end of 2014. Since then it has implemented procedures to ensure that all statements are completed, received and placed in its files annually.”

“To set compensation for the executive director, the organization used form 990 of other organizations and compensation survey or study. Written employment contract was approved by the board. This process was performed in july 2013.”

“Financial statements and governing documents are available for inspection upon request.”

“The organization has an audit committee, which is responsible for the oversight of the audit and selection of the independent auditors.”