Citiesrise Inc

“The form 990 is prepared by an outside accounting firm. The form 990 is then reviewed by chief executive officer (ceo). A copy of the form 990 is provided to the entire board for review prior to filing with the irs.”

“Each director, corporate officer, top management official, top financial official, and each key employee of the corporation signs a statement annually by the end of january of that year acknowledging that they have read and understood the conflict of interest policy. The board shall determine if a conflict of interest exists in relation to one or more insiders. Insider(s) and any other interested person(s) involved in the transaction shall not be present during the discussion or determination, by the board, of whether a conflict of interest exists except as provided below. The board shall follow the procedures set forth below in order to decide what measures are needed to protect the corporation's interests in light of the nature and seriousness of the conflict, to decide whether to enter into the transaction and, if so, to ensure that the terms of the transaction are reasonable and appropriate. The board may ask questions of and receive presentation(s) from the insider(s) and any other interested person(s), but shall deliberate and vote on the transaction in their absence. The board [or a committee of the board] shall ascertain that all material facts regarding the transaction and the insider's conflict of interest have been disclosed to it and shall compile appropriate data, such as comparability studies, to determine the fair market value for the transaction or the appropriateness or reasonableness of the selection of the project or vendor. After exercising due diligence, which may include appointing disinterested persons or a committee of the board to investigate alternatives that present no conflict, the board shall determine whether the transaction is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable to the corporation. The majority of disinterested members of the board then in office may approve the transaction. If the board has reasonable cause to believe that an insider of the corporation has failed to disclose actual or possible conflicts of interest, including those arising from a transaction with a related interested person, it informs the insider of the basis for this belief and afford the insider an opportunity to explain the alleged failure to disclose. If, after hearing the insider's response and making further investigation as warranted by the circumstances, the board determines that the insider has failed to disclose an actual or possible conflict of interest, the board takes appropriate disciplinary and corrective action.”

“The ceo's compensation is reviewed and approved by independent persons. Surveys are used in the process, and it is discussed and documented. The last compensation review took place in october 2020.”

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

“Consultants: program service expenses 385,781. Management and general expenses 0. Fundraising expenses 0. Total expenses 385,781. Contractors: program service expenses 144,396. Management and general expenses 0. Fundraising expenses 0. Total expenses 144,396. Other professional fees: program service expenses 59,673. Management and general expenses 0. Fundraising expenses 0. Total expenses 59,673.”

“Foreign exchange gain 686.”