Julian

“JULIAN delegated the management of its finance and accounting functions, specifically limited to accounting and bookkeeping tasks, to Quattro Financial Advisors LLC through June 2024. Beginning in July 2024, MQ360 Consulting LLC assumed these responsibilities. However, JULIAN's officers and key employees retained direct oversight and decision-making authority over financial matters.”

“Currently, the organization's Form 990 is not reviewed by a committee, as this is not required by our existing bylaws. However, we are in the process of updating our bylaws to include a formal review of the Form 990 by a board of directors before it is filed. This change is being implemented to enhance our governance and ensure greater oversight of our financial reporting. At present, the preparation of the Form 990 is handled by an external accountant. Once the form is prepared, it is reviewed by the organization's President to ensure that all information is accurate and properly reflects the organization's activities. The President's review focuses on the completeness and accuracy of both financial and programmatic details.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy through annual disclosures and by reviewing contracts that may produce a conflict of interest on an ongoing basis.”

“The compensation was approved by the board, but it was based on the available budget and is below industry standards for similar organizations. The process did not include a formal review by independent persons or the use of comparability data, and there is no contemporaneous substantiation of the deliberation and decision process.”

“The organization makes its governing documents, conflict of interest policy, and financial statements and Form 990 available to the public upon request and on GuideStar.org.”

“Fees for services - other of $181,018 consists of: Filing fees $432, Web Design Consultant $18,510, Communications Consultant $18,180, Brigade $57,150, Recruiting $95., IT $404, Interns & Externs $33,336, Program & Event $850, Payroll Services $3,947, Audit $12,000, and Other $36,114.”

“During Fiscal Year 2024, JULIAN's financial activities were still transitioning from its fiscal sponsorship arrangement with Open Collective. As a result, certain revenues and expenses related to this period were recorded on the books of Open Collective. These adjustments reflect JULIAN's ongoing efforts to incorporate financial activities that occurred under the fiscal sponsorship into its own accounting system. All such activities were reviewed and reconciled as part of this transition.”

“At the time of filing this Form 990, the organization's financial statements for the fiscal year ending 4/30/24, had not yet been audited by an independent accountant. However, the organization has scheduled an independent audit to be conducted following the submission of this Form 990. The audit will be performed by a qualified independent accounting firm, and the audited financial statements will be made available upon completion.”