Digitalis Commons Inc.

“Relationships: all three directors of digitalis commons, inc. Are also involved in digitalis ventures, llc and the funds that it manages. Therefore, mr.smith, mr. Wilbanks and mr. Nguyen all have a business relationship with each other.”

“Review of form 990: the form 990 is prepared by the organization's accountants and e-mailed to the board for review before filing.”

“Conflict of interest policy: if a related party acquires any financial interest or when any matter for decision or approval comes before the board or authorized committee in which a related party has a financial interest, that financial interest or potential related party transaction must be promptly disclosed in writing to each member of the board. Failure to disclose may be grounds for removal of such person from the board and/or termination from the corporation. All transactions which may involve a potential conflict of interest,shall be reviewed by the board, or an authorized committee thereof. All related parties with a financial interest shall not participate in such deliberations. The board or authorized committee will then determine whether the contemplated related party transaction is fair, reasonable and in the best interests of the corporation at the time of such determination.”

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

“Other professional fees: program service expenses 0. Management and general expenses 3275. Fundraising expenses 0. Total expenses 3275. Consultant: program service expenses 157490. Management and general expenses 13200. Fundraising expenses 0. Total expenses 170690.”

“In 2020, the organization changed tax preparers.”