Kultivate Labs

“The form 990 was prepared by an outside accountant. The governing body was given a copy of the form 990 for them to review and approve before it was filed with irs.”

“The board regularly reviews the compliance and enforcement of the policy regarding disclosure of conflict of interest with its members.”

“The compensation is determined by market research and reviewed by the board”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public, upon request.”

“Direct program: program service expenses 249,715. Management and general expenses 0. Fundraising expenses 0. Total expenses 249,715. Consultants: program service expenses 11,210. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,210. Other professional services: program service expenses 4,177. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,177. Program consults: program service expenses 71,943. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,943. Coaching: program service expenses 3,819. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,819.”

“As per the audited financial statements of kultivate labs for tax year 2021, a decrease in net assets has been recorded as there are certain costs that have been allocated among the programs and supporting services benefited. Therefore, a correction was made to reflect the change in net assets as seen in the prior period adjustments line.”

“The audit by an independent accountant of the organization's 2022 accompanying financial statements is still in progress. It is expected to be completed after november 15, 2023, the organization's filing deadline for the 2022 tax year. Thus, the organization's 2022 return has been prepared using its unaudited 2022 financial statements.”