Painted Brain Inc.

“At the end of the fiscal year the coo and the accountant in collaboration with a certified tax preparer/accountant prepare all other appropriate government filings including those required by the federal (990), state tax board and attorney general's office. The coo and the executive director then present the draft tax filing including copies of the statement of financial position and the statement of activites and the functional expenses to the board for their review and approval. Upon approval the coo then approves the filing of the return with the internal revenue service by the annual deadline.”

“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 compensationdecisions 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 compensationdecisions 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 disclosures on its website:1) financial statements2) governing documents3) conflicts of interest policy”