Economic Inequality Video Project

“Form 990 will be reviewed by the ceo, treasurer and the organization's outside legal counsel. The form 990 will be shared with all members of the board before it is submitted.”

“At the first annual board meeting each year, the officers and members of the board of directors are provided with conflict of interest disclosure forms to complete. The executive director reviews the organization's conflicts of interest disclosure forms to ensure that any actual or potential conflicts of interest are properly handled in accordance with the organization's conflicts of interest policy. If further information is required, the executive director speaks with the individual director, officer, or employee involved, as appropriate. Im will also document, through well-kept minutes, any decisions related to transactions involving an actual or possible conflict of interest. Finally, im will be diligent in taking appropriate disciplinary and corrective action if a person who is covered by the conflicts of interest policy fails to disclose an actual or possible conflict of interest.”

“The board of directors decides and approves as fair and reasonable to the organization, the total salary and benefits of the executive director. The board, which consists of independent members, has determined fair and equitable compensation based on compensation of executive directors of agencies of similar size, field and location.”

“The executive director determines the salary and/or wages of all other staff, based on current market compensation practices. The board approves the compensation of the finance director/treasurer.”

“Documents are available upon request.”

“Inequality media and inequality media civic action have a cost-sharing agreement in place for educational video production services and were previously related organizations, and reported as such on the annual 990 reports. As of the calendar year 2020, the imca board has been diversified, as was intended over time, and they are no longer related. ---------------------------------------------------------------- inequality media had its financial statements audited for the year ended december 31, 2020. An adjustment was made to exclude inequality media civic action expenses of 592,164 and related service contract revenue/reimbursement billed to imca of 592,164 since those expenses are reported independently in imca's financials and tax returns. There was no net effect on im's net assets. This is reflected on the 990s of both organizations, which represents a new process.”

“Prior year expense reversal 6,311”