Innovateedu Inc.

“The organization did not have any committees in place in fiscal year 2022.”

“The form 990 is prepared by an independent accounting firm and reviewed by the executive director. A complete copy is provided to all members of the board of directors for review, and any issues are documented and addressed prior to filing.”

“The organization shares its conflict of interest policy with board members, officers and key employees through regular meetings. All such covered persons are expected to declare if at any point a conflict of interest arises and are required to sign an annual conflict of interest disclosure form. If a potential conflict arises, the interested person must recuse themselves from any related board discussion and abstain from voting on the potential conflict. Deliberation and decisions are documented in the minutes of the meeting.”

“The board of directors reviews and approves the compensation of the executive director on an annual basis. This review includes benchmarking of compensation data at comparable nonprofits, based on organization size and geographic area, obtained through independent third parties. The board has the opportunity to discuss the compensation before approving the compensation and authorizing a letter of agreement for the upcoming fiscal year, which is countersigned by a voting member of the board. The process is documented in the minutes and last occured in 2022”

“The form 990 is available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org, and the form 990, form 1023, financial statements, conflict of interest policy, articles of incorporation, and bylaws are available upon written request to the organization at p.o. Box 25796, brooklyn, ny 11202, or by calling the organization directly (347) 593-8369.”

“Payroll fees: program service expenses 13,869. Management and general expenses 1,563. Fundraising expenses 196. Total expenses 15,628. Program consultants: program service expenses 83,320. Management and general expenses 0. Fundraising expenses 0. Total expenses 83,320. Recruiting: program service expenses 13,435. Management and general expenses 1,514. Fundraising expenses 190. Total expenses 15,139. Adult learning & credentials: program service expenses 93,145. Management and general expenses 11,810. Fundraising expenses 0. Total expenses 104,955. Development resources: program service expenses 161,628. Management and general expenses 20,493. Fundraising expenses 0. Total expenses 182,121. Communication consultants: program service expenses 79,680. Management and general expenses 0. Fundraising expenses 0. Total expenses 79,680. Other consulting: program service expenses 119,356. Management and general expenses 28,220. Fundraising expenses 7,580. Total expenses 155,156.”