Rapid Science Inc.

“Prior to filing, a draft of form 990 is provided to the executive director, finance director, and members of the board of directors for review. The finance committee conducts a detailed review of the return, focusing on the accuracy of financial information, program descriptions, governance disclosures, and compensation reporting. Board members are given adequate time to ask questions and request clarification. Once all comments are addressed and any necessary revisions are made, the final version is approved for submission. A copy of the completed form 990 is provided to the full board prior to filing with the irs, and this review process is documented in the organizations meeting minutes.”

“The organization maintains a written conflict of interest policy that requires all directors, officers, and key employees to disclose any actual or potential conflicts annually and as they arise. The policy is reviewed regularly by the board of directors or a designated committee. When a conflict is identified, the individual involved is required to recuse themselves from discussions and decision-making related to the matter. The board ensures that conflicts are evaluated objectively and that decisions are made in the best interest of the organization. All disclosures and related actions are documented in the meeting minutes, and adherence to the policy is consistently monitored and enforced as part of the organizations governance practices.”

“The organization follows a formal and objective process to determine the compensation of the ceo, executive director, and other top management officials. The process includes a review and approval by the board of directors or a designated compensation or executive committee, composed of individuals without a conflict of interest. In setting compensation, the organization relies on comparable compensation data from similar organizations, including irs form 990 filings, salary surveys, and other relevant benchmarks. Meeting minutes are maintained to document the deliberation and approval process, including the data reviewed and any decisions made. This process is conducted annually and complies with irs guidelines for establishing reasonable compensation.”

“The organization establishes compensation for officers and key employees through a process that is consistent with best practices and irs guidelines for reasonableness. Compensation is reviewed and approved by the board of directors or an authorized committee composed of individuals with no conflicts of interest. The organization uses appropriate comparability data, such as salary surveys, compensation studies, and publicly available form 990 filings from similar nonprofit organizations, to inform its decisions. All discussions, supporting documentation, and final approvals are thoroughly documented in meeting minutes. This review is conducted on an annual basis or as needed to ensure compensation remains fair, competitive, and aligned with the organizations mission and financial position.”

“No documents available to the public”

“We are amending the tax return to correct a classification of government grants in the amount of 110,219. The funds received were grants, though not from a government entity”

“The rapid science mission is to accelerate the pace and accuracy of scientific discovery through open, equitable and collaborative practices. As a 501(c)(3) fiscal sponsor, to connect and strategize with organizations offering real world solutions that transform vision to policies and practices.”