American Compass Inc.

“In february 2021, the organization amended its bylaws. The amendments include the following significant changes: 1) the duties of the treasurer include responsibility for the organization's annual audit. 2) the authority of the board includes the determination of what activities the corporation should undertake provided those activities are in compliance with the terms and conditions of the organization's bylaws. 3) the duties of the organization's secretary include the approval of expenditures over $25,000.”

“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.”

“American compass has its form 990 prepared by an outside accounting firm. It is reviewed by management and sent to the audit committee for approval. A complete copy is provided to all members of the organization's governing body prior to filing with the irs.”

“The organization has a written conflict of interest policy which applies to all board members and officers of the organization. Such persons are required to submit a statement upon assuming their roles, and then on an annual basis thereafter, whereby any existing potential conflicts of interest are disclosed. Disclosures are reviewed by organization's board of directors who determines if a conflict exists, and if so, whether to proceed with the transaction or arrangement.”

“The compensation of the executive director is determined by a vote of the governance committee, which has the responsibility for reviewing the compensation program of the organization on an annual basis, and approving any changes to the president's compensation. The committee reviews publicly disclosed compensation for persons in comparable roles at comparable organizations. Documentation of the compensation decision is retained in the organization's electronic files. The process last occurred in 2021.”

“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 organization's financial statements, conflict of interest policy, articles of incorporation and by-laws are available upon written request.”

“Compensation reported in part vii for david azerrad was an honorarium for written work provided to the organization rather than for his services as a board member.”

“Communications: program service expenses 38,844. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,844. Writers: program service expenses 119,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,000. State fundraising compliance services: program service expenses 0. Management and general expenses 2,117. Fundraising expenses 0. Total expenses 2,117. Other fees for service: program service expenses 0. Management and general expenses 212. Fundraising expenses 0. Total expenses 212.”

“In october 2021, the organization established an audit committee with responsibility for the audit of the organization's financial statements and the selection of an independent accoutant.”