Painted Brain Inc.

“A draft tax return is provided to the executive director for review. Copies of the tax return is made available to the board.”

“Painted brain regularly and consistently monitors and enforces compliance with our written conflict of interest policy. It is the responsibility of all trustees and employees of the organization to familiarize themselves with this policy, to comply, and to ensure compliance of related parties. In addition to the disclosure required by this policy, annually each board member and employee will be provided with a statement to complete and return indicating that they read, understand and are in compliance. If the board has reasonable cause to believe a trustee or employee has failed to comply, approved corrective and/or disciplinary action will be made.”

“Ceo and executive director compensation decisions regarding the executive director compensation are made by the board of directors. Specifically, the board approves the executive director's and top management officials salary based on comparable industry salaries and organization budget. Before making an offer, research is done on what rates are competitive in the field for the position being offered, and the leadership assesses what the company can offer based off projected net income. Once a number is established and approved by the board, the board enters negotiations with individuals to arrive at a rate. Painted brain board members annually review the executive leaderships compensation and approve it for the next year of operation.”

“Other officer or key employees of the compensation decisions regarding key employee's compensation are made in collaboration with the board of directors, executive director and chief operating officer. Specifically, the board and executive director approves the key employee salary based off comparable industry salary and organization budget. For key employee salaries-before making an offer, research is done on what rates are competitive in the field for the position being offered, and leadership assess what the company can offer based on projected net income. Once a number is established and approved by the board, the coo enters negotiations with individuals to arrive at a rate. Painted brain board members annually review other officer or key employees' compensation and approve it for the next year of operation.”

“The organization makes available three years worth of the following disclo sures on its website: 1) financial statements 2) governing documents 3) conflicts of interest policy”

“Line 2b: the organization has engaged a cpa firm to perform an audit for 2024, and it is currently in progress.”