Techbridge Inc.

“In june 2020, the organization's bylaws were updated to include a termination date for all board members. Additionally, the organization's board approved the creation of a national board. Part vi, line 8b committees with authority to act on behalf of the governing body the committees of the board function as review committees and do not have independent "authority to act on its behalf." recommendations for decisions come out of the committee for board approval. The compensation committee was formed to handle ceo compensation issues and there is documentation for those meetings.”

“The techbridge management (ceo and controller) worked with the accounting firm, smith & howard, p.c., to prepare and review the 990. This process began in july 2020 and continued until the final 990 was submitted. Upon the completion of the form 990, it was sent in its entirety to the finance committee for review prior to submission to the irs. A copy was distributed to the entire board prior to filing.”

“How the organization monitors its conflict of interest policy per the conflict of interest policy: "it is the policy of techbridge, inc. ("techbridge") that each member of the board of directors discloses to the board all actual and potential conflicts of interest. Disclosure will be made by submitting to the executive director a list of all business or other organizations of which the director or his or her spouse or minor children is an officer, member, more than 10% stockholder, director, director, owner, partner, or employee or for which he or she acts as an agent, with which techbridge has done business in the last five (5) years or is likely to do business with in the future. An updated statement will be submitted each year. A director will be deemed to have an interest in any transaction involving a business or organization which is or should be included in his or her written notice. The chairman or the executive committee of the board of directors will be responsible for becoming familiar with the statements of all board members. If any matter comes before the board of directors concerning a business relationship between techbridge and any party in which a director or the spouse or minor children of such director has an interest or which otherwise may give rise to a conflict of interest between the director and techbridge, the affected director will disclose the potential conflict, whether listed in his or her written statement or not. The director will answer any questions other directors may have and then withdraw from any meeting and will not participate in any vote on any matter that implicates the disclosed conflict of interest. If the director fails to withdraw voluntarily, the board chair is empowered to require and will require that the director withdraw during both the discussion and the vote on the matter. If the potential conflict of interest affects the chair, then the vice chair is empowered to require and will require that the chair withdraw in the same manner. For the duration of discussion and action on the matter, the vice chair will preside. If the matter is the item of business for which a special meeting of the board of directors was called, the affected director will not be counted to establish a quorum, nor will he or she participate in the deliberations or vote on it." board questionnaires are sent once a year to the board members.”

“Process for determining ceo compensation - the executive committee is responsible for overseesng the ceo's compensation. The ceo, in conjunction with the executive committee and board, developed a plan of initiatives and reported against that plan (with its changes based on experience) in the monthly report. In addition, the ceo provided the executive committee a summary of accomplishments. A board compensation committee exists to oversee ceo compensation. For the annual reporting periods, ceo reported accomplishments vs plan for the organization. Bonus recommendations were made based upon accomplishments and techbridge's finanical performance. These were reviewed and approved by the compensation committee. The ceo's salary continues to be within the nonprofit range for ceo's, even given the fact that techbridge is in the technology sector and requires specific technology experience and expertise.”

“How the organization makes documents available to the public information is made available on request.”

“Adoption of New Accounting Standards Effective July 1, 2019, the Organization adopted ASU 2014-09, "Revenue from Contracts with Customers" (Topic 606) and the related ASUs, which provided new guidance for revenue recognized from contracts with customers and replaced the previously existing revenue recognition guidance. ASU 2014-09 requires that revenue be recognized at an amount the Organization is entitled to upon transferring control of goods or services to customers, as opposed to when risks and rewards transfer to a customer. The Organization adopted the ASU as of July 1, 2019, using the modified retrospective method. This method allows the standard to be applied retrospectively through a cumulative catch up adjustment to retained earnings recognized upon adoption. The ASU changed the methodology for how the Organization recognizes revenues from program services. The cumulative effect of this change resulted in a decrease to net assets without donor restrictions as of July 1, 2019 of $537,174.”