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 board of directors of the corporation has the authority to amend or repeal the corporation's bylaws without approval of the corporation'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 and audit committees 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 conflict 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. The process last occurred in 2023.”

“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.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Graphic design: program service expenses 84,071. Management and general expenses 58,462. Fundraising expenses 0. Total expenses 142,533. Hr services: program service expenses 172,101. Management and general expenses 119,676. Fundraising expenses 0. Total expenses 291,777. Event management: program service expenses 79,731. Management and general expenses 55,444. Fundraising expenses 0. Total expenses 135,175. Consultants: program service expenses 83,683. Management and general expenses 61,783. Fundraising expenses 0. Total expenses 145,466. Communications: program service expenses 55,182. Management and general expenses 38,372. Fundraising expenses 0. Total expenses 93,554. Global market development consulting: program service expenses 10,805. Management and general expenses 7,514. Fundraising expenses 0. Total expenses 18,319.”

“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.”