The Character Lab Inc

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

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

“The form 990 is prepared by an independent accountant reviewed by the organization's director of operations and finance as well as the coo. Prior to its submission, the audit committee was provided with a copy of the draft form 900 prior to its submission. The form 990 was 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 or interest between the organization and a covered person and for determing an appropriate organizational repsonse 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.”

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

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

“Consulting fees - business programs: program service expenses 124,128. Management and general expenses 67,706. Fundraising expenses 33,853. Total expenses 225,687. Consulting fees - fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 7,514. Total expenses 7,514. Consulting fees - program design: program service expenses 134,064. Management and general expenses 0. Fundraising expenses 0. Total expenses 134,064. Consulting fees - program research: program service expenses 380,365. Management and general expenses 0. Fundraising expenses 0. Total expenses 380,365. Consulting fees - program education: program service expenses 139,101. Management and general expenses 0. Fundraising expenses 0. Total expenses 139,101.”