Prpl Foundation Inc

“The organization delegates the majority of operations duties to the management company, virtual inc, including but not limited to administration of the majority of meetings, assistance with membership duties and all financial duties.”

“The foundation shall initially have four classes of membership: platinum members, gold members, silver members, and individual/academia members. The number of platinum members shall be limited to eight members. The number of gold members, sliver members and individual/academia members are unlimited.”

“Subject to the provisions of section 4.3, the board shall establish reasonable nomination and election procedures for the directors elected by any class of members, given the nature, size, and operations of the foundation, including a reasonable means for members of appropriate classes to nominate a person for election as a director, a reasonable opportunity for a nominee to communicate to the members the nominee's qualifications and the reasons for the nominee's candidacy (if requested by such nominee), a reasonable opportunity for all nominees to solicit votes (if requested by any such nominee), and a reasonable opportunity for all members entitled to vote thereon to choose among the nominees.”

“The completed form 990 is provided to the president to approve prior to filing.”

“Directors shall not receive any stated salary or reimbursements for their services as directors; provided that, by resolution of a majority of the board, the foundation may reimburse directors for expenses incurred while acting on behalf of the foundation and/or expenses incurred in attending meetings of the board, in such amounts as the board may determine to be appropriate.”

“Prpl publicly shares their tax information and financial statements.”

“The 2021 form 990 is being amended due to a correction of membership dues being recognized. This affects page 2 program service revenue, page 9 program service revenue, and page 10 balance sheet.”