Initiative Dot Global

“There were no active committees with authority to act on behalf of the governing board.”

“This Form 990 was distributed to all directors via email for review and approval at a board meeting.”

“The Organization's conflict of interest policy applies to all interested persons, defined as any director, officer, trustee, key employee, or member of a committee with governing board delegated powers who has a direct or indirect financial interest. Each interest person has a duty to disclose any actual or possible conflict of interest to the directors or members of committees with governing board delegated powers considering the proposed transaction or arrangement. Each interest person shall annually complete and sign an Annual Conflict of Interest Disclosure Statement to assist with this, and appropriate disciplinary and correction action shall be taken for failure to disclose. After disclosure of the interest and all material facts, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon by the remaining board or committee members. If a conflict of interest is determined to exist, the interested person may make a presentation at the governing board or committee meeting but shall afterward leave the meeting. The governing board or committee shall, if appropriate, investigate alternatives to the proposed transaction or arrangement and shall, after exercising due diligence, determine whether the Organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the Organization's best interest, for its own benefit, and fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. Periodic Reviews shall be conducted to ensure that the Organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status.”

“Though Dong Wang served as an unpaid member of the board of directors, he was compensated for his translation services and fundraising services. The amount of compensation was determined after reviewing comparable wage data published by ZipRecruiter and the U.S. Bureau of Labor Statistics and upon approval by the other board members, as documented in the minutes. This process was last undertaken in 2024.”

“These are made available upon request.”