The Character Lab Inc

“Feroz dewan, chair, and erica dewan, board member, 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. 4th sector solutions was engaged from july 2019 - april 2020 and was paid $33,556 during this fiscal year. Rsm us llc was engaged from may 2020 - current and was paid $40,263 during the fiscal year.”

“The form 990 is prepared by an independent accounting firm and then reviewed by the organization's director of operations and finance as well as the executive director. Prior to its submission, the audit committee was provided with a copy of the draft form 990. The form 990 was also provided to each board member prior to filing with irs.”

“The organization has 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 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.”

“To set compensation for the executive director, the organization employed an external consultancy in 2019 who completed a market scan of peer organizations. The resulting comparison was shared with the governance committee of the board, who have responsibility for approving and monitoring compensation for executive leadership. The deliberation and final decision are timely documented in minutes.”

“The governing documents, conflict of interest policy and financial statements are available for inspection upon request.”

“Consulting fees: program service expenses 394,058. Management and general expenses 171,557. Total expenses 565,615. Core products service contract: program service expenses 382,000. Total expenses 382,000. Program research: program service expenses 302,054. Total expenses 302,054. Custom engineering: program service expenses 199,088. Total expenses 199,088.”