American Compass Inc.

“The organization has a single class of members.”

“The organization's members have the power to elect the directors of the organization.”

“The decisions to amend the organization's bylaws, amend the organization's certificate of incorporation, or to dissolve the organization are reserved to the members of the organization.”

“The organization does not have any committee with authority to act on behalf of the governing body.”

“American compass has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the board for approval. Once the board has approved the return it is filed with the internal revenue service.”

“The organization has a written conflict of interest policy. The conflict of interest policy applies to all board members and officers. Each board member and officer is required to submit a statement upon assuming his role and then on an annual basis thereafter. The board members and officers appointed in february 2020 submitted their initial statements in february 2020 and will submit updated statements in 2021. Where a director or officer identifies a potential conflict with respect to a transaction under consideration, that person recuses himself from deliberations, discussion, and voting.”

“Compensation of the executive director is determined by a vote of the board of directors, with the executive director (who sits on the board) recused from deliberation and voting. Prior to voting, the board reviews publicly disclosed compensation for people in comparable roles at a number of comparable organizations in recent years. In 2020, the first year of operation, the board of directors set the executive director's initial salary. That approval is documented in the board minutes for the meeting of february 2020.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is also posted on guidestar.org and other similar types of websites. In addition, the form 1023, financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

“Compensation reported in part vii for julius krein was for essay-writing services provided to the organization rather than for his services as a board member.”

“Communications: program service expenses 68,186. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,186. Payroll processing fee: program service expenses 0. Management and general expenses 1,383. Fundraising expenses 0. Total expenses 1,383. Writers: program service expenses 53,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 53,000.”