Ars Empirica

“Ars empirica shall submit the form 990 to its board of directors before the filing of the form 990. While neither the approval of the form 990 nor a review of the 990 is required under federal law, the corporation's form 990 shall be submitted to each member of the board of directors via (hard copy or email) at least 10 days before the form 990 is filed with the irs, or the board of directors confirms their review is complete.”

“The company's conflict of interest policy requires periodic reviews to ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status. The periodic reviews shall, at a minimum, include the following subjects: (a) whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. (b) whether partnerships, joint ventures, and arrangements with management corporations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or excess benefit transaction.”

“The company's key organizations and operating documents, including its articles of incorporation, by-laws, code of ethics, whistle-blower policy, conflict of interest policy, and public irs filings, are available upon request or at the company's website.”

“During the tax year ended November 30, 2024, the organization conducted no program service activities and had no program service revenue or grants. All revenue ($17) was interest on cash, and expenses ($24,920) consisted of federal taxes/penalties ($22,820), tax preparation/accounting fees ($2,000), and miscellaneous filing and fees ($100). See Part VIII, Line 3 (interest income) and Part IX, Lines 11c & 24 (accounting fees; taxes/penalties/fees).”