Zero Abuse Project

“The prepared form 990 is reviewed and approved by the members of the governing body before the return is filed with the irs.”

“All officers and directors are required to annually execute an annual statement that provides that such officer and director has read the conflict of interest policy, and that such officer and director will comply with all requirements of the conflict of interest policy. Article iii, section 1, of the conflict of interest policy requires that any interested person (defined in the conflict of interest policy) must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. By signing the annual statement, all officers and directors of the organization agree to comply with article iii, section 1. The organization uses the execution of the annual statement to monitor and enforce compliance with the organization's conflict of interest policy. Whenever the organization's board of directors reviews and analyzes proposed projects or agreements, the board of directors refers to the conflict of interest policy to determine if there would be any potential conflicts that may arise by entering into such proposed project or agreement.”

“In 2018 a compensation consultant was hired to help determine the compensation of the chief executive officer.”

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

“As of december 31, 2020, zap determined that the information technology (ai) that had previously been included in work in process, no longer was sustainable for the organization to continue developing. The asset was not functioning as originally intended and would need further additional costs and resources to fully develop. The asset in its current state had little or no value to outside parties. No additional costs were paid for development of the information technology in 2020 by zap, therefore, zap recorded a loss on impairment totaling $2,667,839 as of december 31, 2020. In september 2021, zap transferred the information technology to an organization that can maintain the costs associated with the information technology and continue development of the asset.”

“Consulting: program service expenses 371,698. Management and general expenses 89,785. Fundraising expenses 15,995. Total expenses 477,478. Payroll fees: program service expenses 3,936. Management and general expenses 655. Fundraising expenses 295. Total expenses 4,886. Hr fees : program service expenses 6,706. Management and general expenses 1,116. Fundraising expenses 502. Total expenses 8,324.”

“Loss on impairment of ai work in process -2,667,839.”