Science Philanthropy Alliance Inc

“The science philanthropy alliance's board of directors adopted revised by-laws, a delegation of authority policy, an audit committee charter, and a nominating and governance committee charter on november 25, 2024. The board adopted a code of conduct, a whistleblower policy, a revised conflict of interest policy, and a record retention policy on february 5, 2025. The board subsequently adopted an anti-fraud, anti-bribery, and anti-corruption policy on may 5, 2025.”

“A complete copy of this form 990 was distributed by email to all members of its board of directors. Directors were given at least 10 business days for review and comment.”

“The science philanthropy alliance provides its conflict of interest policy to directors, officers, and all staff. The policy clearly sets forth the requirement for directors and officers to disclose conflicts, procedures for the board of directors to approve conflicts, and recordkeeping requirements for any such consideration. Directors and officers (and key employees, in the revised policy adopted on february 5, 2025) annually complete an annual disclosure statement.”

“The compensation of the president of the science philanthropy alliance is deliberated and determined by the board of directors following a thorough written performance assessment and discussion. The directors consider performance and comparability data, and document their compensation decision. The organization's officers and key employees complete written performance assessments and receive written and verbal performance reviews that reflect input from their supervisors and the president. The president reviews compensation recommendations with the chair of the board of directors and they consider performance and comparability data to determine compensation. The organization's compensation budget is also discussed by the board of directors in their december board meeting. The date of the last compensation review was december 2024. During 2024, all compensation was donated in-kind by rockefeller philanthropy, who was the organzation's fiscal sponsor.”

“The governing documents, conflict of interest policy, and financial statements of the science philanthropy alliance are available to the public by request. A contact form, phone number and email address are all available on the organization's website.”

“Consultants: program service expenses 314. Management and general expenses 13,651. Fundraising expenses 20. Total expenses 13,985. Other professional fees: program service expenses 39. Management and general expenses 1,698. Fundraising expenses 2. Total expenses 1,739.”

“2024 was the organization's first full year of activity, therefore there was a large amount of start up costs. However, going forward the organization will have more programmatic activity.”