Credential Engine Inc.

“The organization amended its bylaws in october 2023. Significant changes made include: --expanded the purpose of the organization --number of board members increased to at least 9 and no more than 15 --expanded and defined officer and board member term periods”

“The organization has no committee with the authority to act on behalf of the governing body.”

“The director of finance and administration and the executive director/ceo review the form 990 draft. A draft is sent to the full board for review before it is signed and filed with the irs.”

“Disclosure by board members is updated at least annually. The director of finance monitors the disclosures for compliance and possible conflicts of interest. Disclosure of all facts pertaining to potential conflict shall be made to the board. Fact gathering and review by the board determines if a conflict exists. While the potential for conflict of interest is under review, all persons under review will be prohibited from participating in the governing body's deliberations and decisions. The board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Credential engine, inc. Undertook a new program service during the year that was not previously listed on form 990: policy - as requested, credential engine educates and supports policy makers at institution, system, state, federal, and national levels so they can craft guidance, regulation, funding, procurement, or legislative actions to advance credential transparency”

“Consultants: program service expenses 888,537. Management and general expenses 20,337. Fundraising expenses 0. Total expenses 908,874. Professional fees: program service expenses 111. Management and general expenses 16,430. Fundraising expenses 0. Total expenses 16,541. Payroll fees: program service expenses 0. Management and general expenses 40,517. Fundraising expenses 0. Total expenses 40,517.”

“The organization's board of directors is responsible for oversight of the audit and selection of independent accountants. These processes have not changed from the prior year.”