Project Guardianship Inc.

“The organization has a sole member, vera institute of justice, inc.”

“The sole member has the power to elect or appoint all members of the organization's board of trustees.”

“The decision to amend article ii or article x of the bylaws is reserved to the organization's sole member.”

“The organization has its form 990 prepared by an outside accounting firm. It is reviewed by the finance and audit committee and distributed to all members of the organization's board of trustees for their review and approval prior to filing.”

“The organization has a written conflict of interest policy which applies to its officers, trustees, and key employees. Such persons are required to disclose annually, and as they may arise, any interest that could give rise to a conflict. Disclosures are reviewed by the organization's board of directors who makes the determation as to whether the transaction involves a substantial financial interest and whether to approve the transaction. The interested person must abstain from the discussion and vote on the transaction, agreement or arrangement.”

“The executive committee of the board of directors determines the compensation of the president and ceo on an annual basis. The committee, which is comprised of independent persons, reviews comparability data from comparable nonprofit organizations. The compenstaion is approved by the executive committee, and the deliberation and decision are contemporaneously documented. The process was last undertaken in 2020.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“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.”

“Transfer of net assets from sole member, vera institute of justice, inc. 952,360.”

“The organization has a finance and audit committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant.”