Careerrise Inc

“In august 2024, the organization discovered unauthorized access to their email accounts and that payments to vendors had been diverted to incorrect bank accounts. Upon discovering this error, careerrise inc immediately began to take steps toward developing a response plan. Cyber attack reports have been filed with the fbi and gbi. The impact of this unauthorized access led to $155,504 in illegitimate invoice payments, net of insurance recoveries, and $37,500 in misappropriated deposits. To mitigate risk going forward, the organization has enhanced it security protocols and authentication tools, implemented additional security protocols for financial transactions, and have an ongoing security audit to review and update policies and identify potential weaknesses.”

“The accounting team and operations reviews the form 990 and requests any changes before submitting to the internal affairs committee and board for review and approval to file.”

“The organization's conflict of interest policy is included in the employee handbook. Each individual must sign an acknowledgement statement indicating that they have read and are in compliance with the policy.”

“The annual process for determining compensation is as follows: the board of directors shall annually evaluate management on their performances and ask for their input on matters of performance and compensation. The board will obtain research and information to make a recommendation for the compensation (salary and benefits) of the management (and other highly compensated employees or consultants) based on a review of comparability data. For example, secure data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This data may include the following: 1. Salary and benefit compensation studies by independent sources. 2. Written job offers for positions at similar organizations. 3. Documented communication regarding similar positions at both nonprofit and for-profit organizations. 4. Information obtained from the irs form 990 filings of similar organizations. To approve the compensation for management (and other highly compensated employees and consultants) the board must document how it reached its decisions, including the data on which it relied upon, in minutes of the meeting during which the compensation was approved.”

“AVAILABLE UPON REQUEST.”

“Other professional fees: program service expenses 28,210. Management and general expenses 21,462. Fundraising expenses 0. Total expenses 49,672. Trainers & facilitators: program service expenses 915,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 915,618. Advisement, writing and assessment: program service expenses 168,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 168,500.”

“There has been no change to the organization's oversight or selection process.”