Movember Foundation

“The sole member of movember is the australia based charity movember group pty ltd as trustee for the movember.”

“The irs form 990 is reviewed by senior management of movember. After management is satisfied that the 990 is accurate and complete, the 990 is made available to the directors prior to filing the forms.”

“The movember group pty ltd maintains a "conflicts register" that is regularly reviewed and approved by the board of directors. Every effort is made to identify potential areas of conflict and where they are identified action is taken to remove the conflict. This would normally result in exclusion of the conflictee from deliberations around operational areas where the conflict arises.”

“The salaries of the ceo, officers and key employees form part of a company-wide annual compensation review process. This is carried out by the board's remuneration committee, which comprises three independent non-executive directors (andrew gibbins, nick reece and katherine howard). Upon resignation of katherine howard on the 15th of february 2020, the remuneration committee comprised of andrew gibbins and nick reece until the end of the financial year. Movember uses third-party data to appropriately benchmark compensation for each role.”

“The organization will make its governing documents, conflict of interest policy and financial statements available on request.”

“Movember group pty ltd may be reached at the following telephone number, +61 3 8416 3900. The organization's phone number was used at section c line 20 in order to electronically file the return to the irs.”

“John hughes, board member, received compensation for services from a related party for serving as interim executive chairman before the new ceo began with the organization. Simon traynor, board member, received compensation for services from a related party for serving as interim executive director from july 2019 through january 2020 before the new ceo began with the organization. The organization did not incur any costs nor directly reimburse the related party for compensation related to john hughes nor simon traynor.”

“Mission statement movember is the leading global charity raising funds and awareness for men's health. We want to help men live longer, healthier and happier lives through investing in these key areas: mental health and suicide prevention, prostate cancer and testicular cancer. The annual movember campaign - results we seek to achieve for the month of movember, we challenge men to grow a moustache, move by walking or running 60 miles over the course of the month, or hosting a mo-ment. All will raise funds and awareness for men's health that will result in: - funding for the movember foundation's research and support programs - conversations about men's health that lead to: o awareness and understanding of the health risks men face o men taking action to remain well prostate and testicular cancer - results we seek to achieve - our programs contribute to less men dying from prostate and testicular cancer and that those living with these diseases have greatly improved quality of life, both physically and mentally mental health results we seek to achieve - programs that assist men and boys in being comfortable discussing the impact of significant life events and that they remain connected to those that can positively influence their lives.”

“Movember group pty ltd charged the organization for its share of certain costs for central services. These services are conducted centrally to achieve economies of scale for movember's global programs, thereby resulting in lower costs in each country. The services carried out centrally include: website development; hosting and maintenance; campaign theme design and related materials; financial & accounting services; human resources legal services and general management which includes program implementation and beneficiary partner management services. The charge from mgpl is significantly less than if movember foundation were to conduct all of these activities on a stand-alone local basis. As of april 30, 2020, the organization's receivable from mgpl for the cross charges totaled $490,208. This balance of related party receivable is included in the net party receivable balance in the amount of $669,090.”

“Of the total $22,487,437 of total net assets, $15,189,203 has been designated by the board of directors to fund specific men's health programs. The remaining balance of net assets, the undesignated reserves, are to cover future campaigns and ensure the long-term continuity of the organization. The organization's undesignated reserves are allocated in line with the board-approved reserves policy, which sets an acceptable level of reserves for the organization (and similarly for other movember entities overseas) to maintain. This is currently set at between 9 and 12 months of operating costs, and the organization's reserves are compliant with this position.”

“The organization has a separate audit committee, which is responsible for engaging independent auditors and monitoring the audit process. This committee is comprised fully of independent directors. The ceo attends the committee meetings but is not a member. This structure has been in effect in prior years and was not changed in 2019.”

“Subsequent events management has evaluated subsequent events through september 10, 2020, the date the financial statements were available to be issued. In december 2019, an outbreak of a novel strain of coronavirus (covid-19) spread to a number of countries worldwide, including the u.s. On march 11, 2020, the world health organization characterized covid-19 as a pandemic. In addition, several states in the u.s., including california, where the foundation is headquartered, have declared a state of emergency. Covid-19 is likely to have an impact on movember's operations and activities subsequent to the end of the fiscal year. While management has approved a comprehensive set of plans to mitigate some risks arising from the impact of covid-19, it is not possible to accurately determine the nature or extent of the impacts or the time over which the foundation will be impacted. On may 13, 2020, movember received a loan from sunwest bank totaling $633,400, pursuant to the paycheck protection program (ppp) under division a, title i of the cares act, which was enacted on march 27, 2020. The loan, which was in the form of a note dated may 13, 2020, matures on may 13, 2022 and bears interest at a rate of 1% per annum, payable monthly commencing on november 13, 2020. The note may be prepaid by the foundation at any time prior to maturity with no prepayment penalties. Funds from the loan may only be used for payroll costs, mortgage interest payments, lease payments, rent, utilities, and interest on other debt obligations incurred. Under the terms of the ppp, the foundation intends to use the entire loan amount for qualifying expenses. Certain amounts of the loan may be forgiven if they are used for qualifying expenses as described in the cares act.”