SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

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Form 990 or 990-EZ or to provide any additional information.
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OMB No. 1545-0047
2022
Open to Public
Inspection
Name of the organization
SPECIES360
 
Employer identification number

41-1637575
Return Reference Explanation
FORM 990, PART III, LINE 2 AT THE END OF 2022, SPECIES360 EXPANDED ITS MISSION TO INCLUDE RECORDS KEEPING AND DATA COLLECTION FOR BOTANICAL GARDENS AND RELATED BOTANICAL ORGANIZATIONS. THE NEW SOLUTION, HORTIS, WAS ACQUIRED IN DECEMBER 2022. GROWING THE REVENUE AND ADOPTION OF THIS TOOL WILL BE AN ORGANIZATION PRIORITY FOR THE NEXT SEVERAL YEARS.
FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF FOUR TRUSTEES; THE CHAIR, THE VICE-CHAIR, THE CHIEF EXECUTIVE OFFICER AND AT LEAST ONE OTHER TRUSTEE. MEETINGS OF THE EXECUTIVE COMMITTEE ARE DOCUMENTED.
FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS INSTITUTIONAL MEMBERS AND ASSOCIATION MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION'S MEMBERS HAVE THE POWER TO ELECT BOARD MEMBERS.
FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY ACCOUNTING FIRM WITH INFORMATION PROVIDED BY SPECIES360 AS WELL AS INDEPENDENTLY AUDITED FINANCIAL STATEMENT. THE DIRECTOR OF FINANCE, AND THE BOARD FINANCE & AUDIT COMMITTEE REVIEWS THE FORM 990.
FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DOCUMENT FOR EACH YEAR OF SERVICE. IN ADDITION, ALL EMPLOYEES AT TIME OF HIRE ARE REQUIRED TO REVIEW AND SIGN THE EMPLOYEE HANDBOOK WHICH INCLUDES A CONFLICT OF INTEREST CLAUSE. CONFLICTS ARE DETERMINED TO EXIST WHEN EMPLOYEES OR RELATED PARTIES HAVE ANY DIRECT INTEREST OR INDIRECT INTEREST IDENTIFIED IN THE ORGANIZATION'S RELATED PARTY QUESTIONNAIRE. CONFLICTS OF INTERESTS ARE THEN REVIEWED BY THE CEO AND DIRECTOR OF FINANCE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST, RESTRICTIONS PLACED ON EMPLOYEE VARIES BASED ON THE SITUATION. THERE IS NO FORMAL DOCUMENTATION PROCESS SURROUNDING THIS DISCUSSION; HOWEVER, A BOARD MEMBER'S CONFLICT OF INTEREST IS DOCUMENTED IN THE BOARD MINUTES.
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO IS DETERMINED BY THE BOARD OF TRUSTEES BASED ON A REVIEW OF PERFORMANCE AGAINST GOALS. COMPARABILITY DATA HAS NOT BEEN USED IN DETERMINING CEO COMPENSATION SINCE THE FIRST YEAR OF INCEPTION. THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES CEO'S COMPENSATION. RESULTS ARE DOCUMENTED IN A EMPLOYEE ACTION FORM SIGNED BY THE BOARD CHAIR AND RETAINED IN CEO'S EMPLOYEE FILE. THIS PROCESS LAST OCCURRED IN 2022.
FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 773,796. MANAGEMENT AND GENERAL EXPENSES 252,455. FUNDRAISING EXPENSES 7,463. TOTAL EXPENSES 1,033,714.
FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990) 2022


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