Griptape Org Inc

“The organization engaged an outside consulting firm to provide financial management as well as accounting services in 2024. The organization incurred $87,870 for the services in 2024, of which 25% was allocable to management duties.”

“The organization did not have any committees with authority to act on behalf of the governing body in 2024.”

“The form 990 is prepared by an outside accounting firm and is reviewed by the organization's financial consultant and management. A complete copy is provided to all members of the organization's governing body for their review prior to filing.”

“The organization has a conflict of interest policy which covers all directors, officers, and employees of the organization, in which they must annually disclose any actual or possible conflict of interest. They are given the opportunity to disclose all material facts to the board of directors. The board reviews all potential conflicts of interest and determines whether a conflict exists and whether to approve the corresponding matter. The person with whom the conflict or potential conflict involves is recused from the deliberations and voting on the matter. Any conflicts are documented contemporaneously in the minutes.”

“The process for determining the compensation of the organization's ceo and coo includes three elements: (1) review and approval by the organization's board of directors (2) use of data as to comparable compensation (3) contemporaneous documentation and recordkeeping the process was last conducted in december 2024 and the decision was documented in the board minutes.”

“The organization makes its financial statements, conflict of interest policy, articles of incorporation, and bylaws available upon request.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“Temporary services: program service expenses 224,806. Management and general expenses 0. Fundraising expenses 0. Total expenses 224,806. Development: program service expenses 0. Management and general expenses 0. Fundraising expenses 29,636. Total expenses 29,636. Hr and payroll fees: program service expenses 16,523. Management and general expenses 5,084. Fundraising expenses 3,813. Total expenses 25,420. Fellowships: program service expenses 1,490. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,490.”