Catalyst Foundation for Universal Education Inc

“The tax return was provided to the members of the board for their review and comments prior to the filing.”

“A conflict of interest policy was drafted in 2016 and adopted by the board at its march 2017 meeting. All members of the board and management completed and signed the conflict of interest policy statement at the march 2017 board meeting and will be asked on an annual basis to report any conflict. The board and catalyst conducted their affairs in accordance with the policy prior to its formal adoption.”

“The compensation committee reviews the compensation package provided to catalyst's chief executive officer, using various benchmarks. The compensation review for all other staff is conducted by the chief executive officer and is then presented to the board for approval with the annual budget.”

“The financial statements and form 990 are available to the public upon request.”

“HISTORY OF CATALYST TRUST: The Catalyst Foundation for Universal Education, Inc. ("Catalyst") was originally incorporated as a private limited company in August 2016 in the United Kingdom ("U.K."), as The Catalyst Trust for Universal Education, a U.K. charity. On October 6, 2016, Catalyst was incorporated as a Delaware not-for-profit organization and, in September 2017, Catalyst was granted tax exempt status under Section 501(c)(3) of the U.S. Internal Revenue Code and is also exempt from state and local taxes under comparable laws. During 2017, Catalyst's Board sought to dissolve the U.K. charity. In October 2017, Catalyst received notice that the dissolution had been approved and becAme effective February 1, 2018.”

“Catalyst was formed in 2016 exclusively for charitable and educational purposes. In furtherance of such purposes, Catalyst works to (i) foster, support, promote, and conduct activities designed to provide and expand access to safe, high-quality education worldwide, particularly for those populations of children and youth affected by war, conflict, prejudice, poverty, or isolation, and (ii) to increase global understanding of the critical lack of education facing such populations around the globe. Catalyst is currently focused on initiatives addressing the educational challenges in the Middle East and North Africa, including the educational needs of Syrian and other refugees. IN ADDITION, IT ALSO CONSIDERS AND FUNDS INITIATIVES WHICH ADDRESS EDUCATIONAL ISSUES IN OTHER PARTS OF THE WORLD.”

“Catalyst was in its formative stages in 2016 and had yet to create an audit/finance committee. At its june 2017 board meeting, catalyst created the audit/finance committee, which is charged with the oversight process and selection of an independent auditor, among other governance and finance related tasks as outlined in the committee charter.”

“Description:program consultants total fees:381250”

“Description:grant technology consultant total fees:32000”

“Description:program and grant consultant total fees:25000”

“Description:other services total fees:7680”