On Lok Inc

“From september 2022 through august 2023, the organization engaged with carl gerlach, a consultant with korn ferry, to fulfill the duties of interim cfo; compensation paid to korn ferry in exchange for these services totaled $607,138 for the 2023 calendar year and $165,700 for the fiscal year-ending june 30, 2024. Effective august 2023, carl gerlach transitioned from interim cfo to cfo.”

“The form 990 is prepared by an independent tax accountant in conjunction with the organization's accounting and finance department and reviewed by management; adjustments are made, as necessary. A complete copy of the form 990 is then made available to all members of the board of directors prior to filing with the internal revenue service.”

“The organization has a written conflict of interest policy which requires disclosure at least annually by all directors and officers of the corporation, and other key staff who are in a position to influence corporate decisions, of actual and potential conflicts of interest. The chair, with the assistance of the corporation's compliance officer and/or outside counsel, if necessary, will resolve any conflicts in accordance with the adopted conflicts policy. Any director who has a conflict of interest may be counted in order to qualify a quorum, and may participate in the discussion of the issue, motion or resolution to the extent permitted by the chair in accordance with the conflict of interest policy or as otherwise directed by the board. If the chair is the director with the reported conflict, then the vice chair shall execute the duties of the chair under this section. If both the chair and vice chair have reported conflicts, then the remaining board members without any conflicts on the matter at hand shall vote to determine how to handle the conflict in accordance with the conflict of interest policy.”

“The executive committee determines the compensation of the ceo, cfo, as well as other top management officials of the organization based on comparability data provided a firm specializing in compensation. In addition, the executive committee may also establish incentive compensation at a pre-determined level based-on specific goals to be achieved by year-end.”

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

“Other contractual services: program service expenses 2,573,919. Management and general expenses 284,453. Fundraising expenses 182,943. Total expenses 3,041,315. Payroll processing: program service expenses 310,061. Management and general expenses 0. Fundraising expenses 0. Total expenses 310,061. Translators: program service expenses 51,062. Management and general expenses 0. Fundraising expenses 430. Total expenses 51,492. Security services: program service expenses 3,979. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,979.”