TY 2023 Form 990 Schedule O

efile Public Visual Render ObjectId: 202423179349305227 - Submission: 2024-11-12 TIN: 45-5081795

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2023

Open to Public
Inspection

Name of the organization

WORTHWHILE WEAR INC

Employer identification number

45-5081795

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD FOR A SPECIFIC PERIOD OF TIME. AFTER THE 990 IS APPROVED, IT IS FILED WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF FINANCIAL INTEREST AND MUST GIVE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING ANY PROPOSED TRANSACTION OR ARRANGEMENT. AFTER ALL FACTS ARE PRESENTED, THE REMAINING BOARD DISCUSSES AND VOTES ON THE CONFLICT OF INTEREST. THE CHAIRPERSON MAY APPOINT A DISINTERESTED PARTY TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THERE IS NO OTHER REASONABLE ALTERNATIVE THE BOARD WILL VOTE WHETHER TO ACCEPT THE ARRANGEMENT IF IT IS WITHIN THE BEST INTEREST OF THE ORGANIZATION. THE POLICY IS PRESENTED ANNUALLY BY THE BOARD OF DIRECTORS AND IS MONITORED ON AN ONGOING BASIS.
FORM 990, PART VI, SECTION B, LINE 15A	THE ORGANIZATIONS USES THE IRS' THREE STEP SAFE HARBOR PROCEDURES TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. THIS INCLUDES HAVING A NON-COMPENSATED, INDEPENDENT BOARD OF DIRECTORS TO REVIEW AND APPROVE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BOARD DOES NOT HAVE ANY INDIVIDUALS THAT WOULD POSE AS A CONFLICT OF INTEREST. THEY ALSO USE APPROPRIATE DATA AS TO COMPARABILITY OF COMPENSATION OBTAINED THROUGH AN INDEPENDENT SURVEY OF LIKE SIZED ORGANIZATIONS, THEIR EXPERIENCE, DEGREES, AND REPORTING DUTIES THROUGH COMPARABLE SALARY CALCULATORS. THE BOARD MAINTAINS BOARD MINUTES AS CONCURRENT DOCUMENTATION OF THE DECISIONS AND DELIBERATIONS WITH RESPECT TO COMPENSATION DECISIONS OF THE EXECUTIVE DIRECTOR.
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 XII, LINE2C	THERE WERE NO CHANGES IN THE AUDIT OVERSIGHT PROCESS FROM THE PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOARD FOR A SPECIFIC PERIOD OF TIME. AFTER THE 990 IS APPROVED, IT IS FILED WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF FINANCIAL INTEREST AND MUST GIVE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING ANY PROPOSED TRANSACTION OR ARRANGEMENT. AFTER ALL FACTS ARE PRESENTED, THE REMAINING BOARD DISCUSSES AND VOTES ON THE CONFLICT OF INTEREST. THE CHAIRPERSON MAY APPOINT A DISINTERESTED PARTY TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THERE IS NO OTHER REASONABLE ALTERNATIVE THE BOARD WILL VOTE WHETHER TO ACCEPT THE ARRANGEMENT IF IT IS WITHIN THE BEST INTEREST OF THE ORGANIZATION. THE POLICY IS PRESENTED ANNUALLY BY THE BOARD OF DIRECTORS AND IS MONITORED ON AN ONGOING BASIS.

FORM 990, PART VI, SECTION B, LINE 15A

THE ORGANIZATIONS USES THE IRS' THREE STEP SAFE HARBOR PROCEDURES TO DETERMINE THE EXECUTIVE DIRECTOR'S COMPENSATION. THIS INCLUDES HAVING A NON-COMPENSATED, INDEPENDENT BOARD OF DIRECTORS TO REVIEW AND APPROVE THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BOARD DOES NOT HAVE ANY INDIVIDUALS THAT WOULD POSE AS A CONFLICT OF INTEREST. THEY ALSO USE APPROPRIATE DATA AS TO COMPARABILITY OF COMPENSATION OBTAINED THROUGH AN INDEPENDENT SURVEY OF LIKE SIZED ORGANIZATIONS, THEIR EXPERIENCE, DEGREES, AND REPORTING DUTIES THROUGH COMPARABLE SALARY CALCULATORS. THE BOARD MAINTAINS BOARD MINUTES AS CONCURRENT DOCUMENTATION OF THE DECISIONS AND DELIBERATIONS WITH RESPECT TO COMPENSATION DECISIONS OF THE EXECUTIVE DIRECTOR.

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 XII, LINE2C

THERE WERE NO CHANGES IN THE AUDIT OVERSIGHT PROCESS 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) 2023

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