Grants Managers Network Inc

“The organization has a single class of voting members.”

“The organization's members have the right to elect the organization's board of directors.”

“The decision to approve the amendment of the organization's bylaws is reserved to the organization's members.”

“The organization's form 990 is prepared by an outside accounting firm. It is reviewed by the chief operating officer, and presented to the finance committee of the board for review. A complete copy of the return is provided to all members of the organization's governing body for their review prior to filing with the irs.”

“The organization has a conflicts of interest policy which applies to directors, officers, and employees (interested persons). Such persons, in connection with any actual or possible conflict of interest, must disclose all material facts to board members and members of committees with powers delegated by the board to consider the proposed transaction or arrangement. An interested person who is in doubt as to the existence of a conflict of interest is requested to disclose all facts pertaining to the transaction or arrangement before undertaking the transaction or arrangement or making any decision in the matter. It is the responsibility of the board, or a delegated commitee thereof, to determine whether a possible conflict of interest is in fact a conflict, as well as to review the proposed transaction or arrangement. The interested person is not permitted to vote on whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable.”

“The organization's process for determining the compensation of the president and ceo and the chief operating officer uses benchmarkng data from compensation surveys/studies, and form 990s of peer organizations. Their compensation is then approved by the organization's executive committee after conversation and review of comparable data. Decisions are internally documented by the organization and the process last occurred in 2021.”

“The organization makes its form 990, financial statements, and conflicts of interest policy available to the public by posting on their website. These documents, as well as the organization's bylaws, are also available upon request to the organization.”

“Graphic design: program service expenses 21,613. Management and general expenses 10,928. Fundraising expenses 18,408. Total expenses 50,949. Hr services: program service expenses 28,113. Management and general expenses 14,214. Fundraising expenses 23,944. Total expenses 66,271. Event management: program service expenses 35,499. Management and general expenses 17,949. Fundraising expenses 30,235. Total expenses 83,683. Consultants: program service expenses 78,012. Management and general expenses 39,444. Fundraising expenses 66,444. Total expenses 183,900. Communications: program service expenses 79,449. Management and general expenses 40,172. Fundraising expenses 67,668. Total expenses 187,289.”

“The organization has an audit committee which is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”