Allied Climate Partners Inc

“Chief executive officer ahmed saeed and chairman mark gallogly have a business relationship.”

“The organization's board of directors had no committees with authority to act on behalf of the governing body.”

“The organization has its form 990 prepared by an outside accounting firm. Once the form 990 is completed, it is reviewed by the organization's chief executive officer and director of finance and operations and discussions take place with the tax preparer regarding any questions before it is finalized.”

“Allied climate partners, inc. Currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all directors and officers annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is submitted to the board secretary who reviews the signed attestations for potential or actual conflicts. If a potential or actual conflict exists, the board or committee will inform the member of the basis of such belief and afford the member an opportunity to respond. The board or committee will disclose the conflict of interest and how the conflict was handled. The person with the actual conflict of interest will be prohibited from voting on the matter that gives rise to the conflict. If there has been substantial and repeated failures to disclose actual conflicts of interest, the board may take appropriate disciplinary and corrective action, including removal of the member.”

“A compensation consultant was hired in 2023 to review and establish the chief executive officer's compensation. The consultant conducted a study of similar size organizations to determine a reasonable compensation total for the ceo and the recommendation is presented to the board of directors for approval.”

“The organization makes its governing documents available upon request.”

“Outside consultants: program service expenses 510,822. Management and general expenses 7,591. Fundraising expenses 0. Total expenses 518,413. Payroll processing fees: program service expenses 5,862. Management and general expenses 100. Fundraising expenses 0. Total expenses 5,962. Hr related expense: program service expenses 20,945. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,945.”

“During the current fiscal year, the company underwent its first financial statement audit. As part of the audit process, management and the auditors identified certain adjustments necessary to correct previously recorded balances and to ensure compliance with generally accepted accounting principles (gaap). These adjustments account for less 1% of the organization's inception to date revenue.”

“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.”