First Draft News Inc

“In november 2021, amendments were made to the organization's bylaws. Per the amendments, eyewitness media hub ltd resigned as the sole member of first draft news, inc. Those individuals who are the members of the board from time to time will be the members of the corporation, and will have the powers and authority reserved to "members" under the delaware general corporation law, as amended from time to time. No separate meetings or vote of the members are required or necessary. Amendments were also made to the organization's mimimum number of directors and the minimum term of office in which all directors serve.”

“The organization had a sole member, eyewitness media hub, ltd, a non-for-profit organization in the united kingdom, through november 16, 2021. As of november 16, 2021, those individuals who are the members of the board from time to time will be the members of the corporation, and will have the powers and authority reserved to "members."”

“Prior to the amendments to the organization's bylaws in november 2021, the board of directors of the organization were elected by the sole member. As of november 16, 2021, no separate meeting or vote of the members are required or necessary.”

“Prior to the amendments made to the organization's bylaws in november 2021, the decision to remove a member of the board of directors, or to amend the bylaws of the organization is reserved to the sole member of the organization. As of november 16, 2021, no separate meetings or vote of the members are required or necessary.”

“The organization did not have any committees with authority to act on behalf of the board.”

“Form 990 is prepared by an outside accounting firm and reviewed by the operations director for approval. If changes are required, the organization will forward these changes to the accounting firm and a final version will be distributed to all board members prior to submission to the irs.”

“The organization currently has in place a conflict of interest policy that applies to any director, officer, committee member (if any), or employee, which it annually monitors and enforces. Each must annually sign a statement affirming that he/she has: received a copy of the conflict of interest policy, read and understands the policy, and has agreed to comply with the policy. The policy requires such persons to disclose any transactions which may potentially be a conflict of interest, and the board determines whether or not a conflict of interest exists. If a conflict of interest exists, the transaction must be approved in advance by only those board members who do not have a conflict with respect to the transaction. Any interested person therefore must recuse him- or herself from consideration of the transaction. He or she may not vote on the transaction or be present when the vote is taken. The minutes of any meeting at which a conflict of interest transaction is considered must reflect that the interested person made adequate disclosures, withdrew from consideration of the transaction, and abstained from voting. The minutes must detail the terms of the transaction, the date the transaction was approved, the board members present during the debate, who voted on the transaction, any data the board relied upon in determining that the transaction was reasonable and in the best interests of the corporation, how such data was obtained, the disclosures made by the interested person, and whether the interested person otherwise participated in any discussions or proceedings (i.e., to answer questions).”

“In january 2021, the board of directors determined and approved the executive director's salary following a survey of publicly available salary information for comparable roles at comparable organizations. This decision was documented in the board meeting minutes.”

“The organization makes its financial statements, governing documents, and conflict of interest policy available upon written request or by calling the organization directly.”

“Payroll services: program service expenses 3,506. Management and general expenses 851. Fundraising expenses 388. Total expenses 4,745. Project management services: program service expenses 156,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 156,000. Research assistance consulting: program service expenses 36,200. Management and general expenses 4,496. Fundraising expenses 0. Total expenses 40,696. Social media consulting: program service expenses 29,015. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,015. Copy editing: program service expenses 14,220. Management and general expenses 0. Fundraising expenses 0. Total expenses 14,220. Staff development: program service expenses 4,000. Management and general expenses 66,433. Fundraising expenses 0. Total expenses 70,433. Website: program service expenses 6,205. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,205. Communications: program service expenses 0. Management and general expenses 33,850. Fundraising expenses 0. Total expenses 33,850. Graphic design: program service expenses 2,486. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,486.”

“The organization's governing body assumed responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. This process was not changed from the prior year.”