Recoded Co

“The founders of re:coded, chief executive officer alexandra clare and chief operating officer marcello bonatto have been married since august 2016, before the establishment of the organization.”

“Once form 990 has been prepared and approved by the ceo, a copy of the form 990 is forwarded to all seated board members prior to filing with the irs.”

“N connection with any actual or possible conflict of interest, any director, officer, key employee, or member of the governing board must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of the governing board. The conflict of interest policy is a mandatory read for all employees at re:coded. Each employee shall confirm that they:a. Have received a copy of the conflict of interest policyb. Have read and understood the conflict of interest policyc. Have agreed to comply with the conflict of interest policyd. Understand the organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purpose in addition, upon the start of employment and at any point during employment, employees shall disclose or update their interests that could give rise to a conflict of interest, such as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations and those of family members. F the governing board determines that there is a conflict of interest, the governing board shall follow the procedures outlined below:a. The chairperson of the governing board shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement.b. After exercising due diligence, the governing board shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. C. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the organizations best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.”

“The process includes the following steps:(1) advance approval by the independent board of directors(2) use of appropriate comparability data1. Advance review - the board of directors shall review and approve compensation arrangements in advance, provided that persons with a conflict of interest with respect to a given compensation arrangement do not participate in the review or approval of such compensation arrangement. Additionally, the chair of the board signs the employement agreement and its amendments of all c-level employees.”

“Comparability data - to determine reasonable compensation, the board shall obtain and rely on appropriate comparability data, including, but not limited to:(a) compensation levels paid by similarly situated organizations, both taxable and tax-exempt, for functionally comparable positions;(b) the availability of similar services in the geographic area of the organization; and(c) current compensation surveys compiled by the independent firms.”

“Form 990, part vi, line 19 - governing documents disclosure explanation re:codeds governing documents and conflict of interest policy are available to the public upon request by emailing [email protected]. The form 990, audit reports, and financial statements are available online at www.re-coded.com.”

“Re:coded has previously reported the use of accrual accounting method to prepare the form 990 for fy 18/19 and earlier. For fy 19/20, upon review by finance staff, it was determined the process was mostly following a cash accountinng method. Re:coded therefore reported a change in accounting method for fy 19/20. From fy 20/21 onwards, re:coded implemented a robust accrual accounting method.”

“Overseas workers $1,321,775Participants stipends $1,605Program consultants $12,580”

“Part iii - organizations missionwe believe that anyone, anywhere should have the opportunity to pursue a career in technology. Our programs include coding and design bootcamps, workshops, and events.”