Prince'S Trust America Inc

“The sole member of the corporation is the king's trust group company, a company incorporated in england and wales with company number 14142157 having as its registered address south london centre, 8 glade path, london se1 8eg united kingdom.”

“The sole member of the organization has the right to elect members of the board of trustees. The member shall elect the members of the corporation's board at the annual meeting of the member's governing board, at any regular or special meeting of the member's governing board called for this purpose, or via unanimous consent of the governing board.”

“The sole member has the power to remove board members, approve any dissolution or to amend any governing document.”

“The king's trust usa, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“The conflict of interest policy applies to directors, officers or key persons of the organization. Annually, all applicable persons are required to complete an annual disclosure statement. These individuals have a duty to disclose any actual or possible conflict of interest and give all material facts to the board. After disclosure the interested person shall leave the board meeting while the determination of a conflict of interest is discussed and voted upon by the remaining board members. The remaining board members decision will be documented in the board minutes.”

“The compensation of the ceo and key employee are reviewed and approved by the executive committee. The organization engages an independent compensation consultant to conduct an independent salary review and uses various compensation data for ceos and other persons of functionally comparable positions for similarly qualified persons at similarly situated organizations. The organization maintains contemporaneous documentation of its proceedings, deliberations and supporting decisions in its board minutes. The process was last undertaken during the year 2023.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the form 1023, financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“The organization has an audit committee which is responsible for the oversight of the audit of its financial statements and the selection of an independent accountant. The process has not changed from the prior year.”