Griptape Org Inc

“The organization engaged an outside consultant firm to perform management duties during fy2021. The outside consultant firm is responsible to provide certain outsourced chief financial officer type services including overseeing the books and records, financial reporting and interacting with griptape auditors and vendors.”

“The organization did not have any committees with authority to act on behalf of the governing body in 2021.”

“The form 990 is prepared by an outside accounting firm, and is reviewed by management and the board of directors for approval. A complete copy is provided to all members of the board of directors 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 compensation for griptape employees applies to the organization's ranking executives, key employees, and all employees who are compensated more than $150,000 per year. The process 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 this process was last conducted in 2021.”

“The form 990 is available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar websites. In addition, forms 990 and 1023, as well as the financial statements, conflict of interest policy, articles of incorporation and bylaws are available upon written 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.”

“The organization's board of directors is responsible for the oversight of the organization's financial statements and the selection of an independent accountant.”