Hacker Initiative

“Section a, line 8b: the board delegated to the programming committee, the review of all grant applications for eligibility and compliance with the board's mission, exclusions and allows each year's programming committee to set guidance on review, discussion and recommendation of grant recipients. The board delegated to the mentorship committee, the review of all grant recipients and the mentorship of each grant recipients for compliance with the grant terms and conditions. The mentorship committee is delegated the oversight of the grant recipients in the use of funds, compliance with the use of funds, reporting of the use of funds by the grant recipients. Line 13: the foundation's whistle blower policy is compliant with federal and state guidance and policies and provides anyone to contact either the foundation anonymously, the attorney general of california or any regulatory or administrative body. Additional information line 15: record retention and destruction policy. All records pursuant to the foundation's policy is retained for 10 years and thereafter destroyed by shredding and only upon board notice and resolution. All records include board and committee minutes and as to the programming and mentorship committees, working documents for grant applicant review, discussion and recommendations.”

“All members of the board of directors are provided a complete copy of form 990 and schedules, including schedule a and schedule o prior to filing. The form 990 and schedules are circulated to all members of the board of directors via email for review, discussion, and approval. The board of directors meets monthly and discusses substantive issues, expressly the foundation's finances, significant transactions, commitment of funds, and fundraising. A quorum must be met pursuant to the foundation's bylaws for each board meeting and the form 990, schedules, and attachments are approved at either at the regular board meetings, if further discussion is to be had at special board meetings, or if amendments need to made as such amendments are prior approved by the board without further discussion and review by written unanimous written consent.”

“Each board member completes an annual disclosure questionnaire. Any conflicts of interest are discussed and voted on by the board (without the presence of interested party).”

“Executive compensation is reviewed in accordance with compensation review policy. The policy outlines compensation agreements will be based on (a) information about compensation paid by tax-exempt or taxable organizations of comparable size, purpose, and resources (taking into account adjustments due to location and other specific conditions); (b) recent compensation surveys compiled by independent firms; and/or (c) actual written offers from other tax-exempt or taxable organization of comparable size, purpose, and resources (taking into account adjustments due to location and other specific conditions).”

“Officer and key employee compensation is reviewed in accordance with compensation review policy. The policy outlines compensation agreements will be based on (a)information about compensation paid by tax-exempt or taxable organizations of comparable size, purpose, and resources (taking into account adjustments due to location and other specific conditions); (b) recent compensation surveys compiled by independent firms; and/or (c) actual written offers from other tax-exempt or taxable organization of comparable size, purpose,and resources (taking into account adjustments due to location and other specific conditions).”

“The governing documents specifically the articles of incorporation and bylaws as restated and amended are available at all times on the foundation's website. All policies, financial statements (except the account numbers of the foundation) and form 990, schedules and attachments are available at all times upon written request to the foundation provided a photocopy or usb purchase charge is paid for at cost to the foundation.”

“Ali jones bey was hired part time to assist with administrative duties. The foundation will engage future temporary and part time employees to assist the foundation.”