Hello Future Inc

“The organization reviewed the 990 form at a board meeting prior to submitting to the IRS”

“The organization determined compensation for its CEO/Executive Director wherein the board reviewed compensation using independent compensation survey data and comparability studies for similar nonprofit organizations in terms of size, budget, and mission and duly approved by the board through an independent review process.”

“Yes, the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.”

“- The organization enforced compliance with its conflict of interest policy by reviewing it periodically at board meeting”

“The organization maintains its books and records on the cash basis of accounting. Form 990 reflects only cash receipts and cash disbursements during the calendar year.”

“The organization has an administrative services arrangement with Duolingo, Inc. in which it receives funds to distribute stipends and supplies to scholars in the Kurdistan Region of Iraq as part of Duolingo's University Access Program. The organization acts as a fiscal agent and does not retain variance power over these assets. During the year, the organization received cash of $21112, disbursed cash of $17674 to scholars, and retained $3438 as commission income for administering the program. The pass-through disbursements are not included in contribution revenue or grant expenses on Form 990. Only the commission retained for administrative services is reported as other revenue on Part VIII, Line 11”

“Other Professional Services. Other professional services expenses paid during the year include: operations management, marketing and fundraising consulting services, background research and program evaluation, curriculum development consulting, and leadership development.”

“The organization reports its balance sheet on the cash basis of accounting and that is reflected on the Form 990 balance sheet.”

“The reconciliation of net assets reflects the change in cash-based net assets during the year.”

“Cash basis. The organization maintains its books and records on the cash basis of accounting for purposes of preparing Form 990.”

“During the year, the organization received cash contributions from seven members of its board of directors totaling approximately $187000 representing approximately 44% of total cash contributions received. These contributions were made without conditions and support the organization's general operations and programmatic activities. Board members receive no compensation for their service and are not reimbursed for donations made to the organization.”