2024-11-15T13:32:06-07:00 2023-12-31 262176601 EASY OFFICE DBA JITASA 1120 S RACKHAM WAY SUITE 300 MERIDIAN ID 83642 990 2023-01-01 822842970 FINREGLAB INC FINR 2029514088 1701 K ST NW STE 1150 WASHINGTON DC 20006 MELISSA KOIDE CEO 7039394594 2024-11-14 1 1 JEREMY CORK P01544850 2082874777 2024-11-14 2023 2024-10-15 13:58:12Z X MELISSA KOIDE 1701 K STREET NW SUITE 1150 WASHINGTON DC 20006 3438618 0 X FINREGLAB.ORG X 2017 DC THE ORGANIZATION'S MISSION IS TO TEST NEW TECHNOLOGIES AND DATA TO INFORM PUBLIC POLICY AND DRIVE THE FINANCIAL SECTOR TOWARD A RESPONSIBLE AND INCLUSIVE FINANCIAL MARKETPLACE. 11 10 14 10 0 0 2440140 3235817 423035 202801 1225 0 1500 0 2865900 3438618 0 0 0 0 1354780 1846949 0 0 7593 546009 1111535 1900789 2958484 965111 480134 1456609 2334531 130650 539087 1325959 1795444 THE ORGANIZATION'S MISSION IS TO TEST NEW TECHNOLOGIES AND DATA TO INFORM PUBLIC POLICY AND DRIVE THE FINANCIAL SECTOR TOWARD A RESPONSIBLE AND INCLUSIVE FINANCIAL MARKETPLACE. 0 0 805962 0 0 AI IN FINANCIAL SERVICES: THE ORGANIZATION CONDUCTS EMPIRICAL RESEARCH AND FACILITATES DIALOGUE ACROSS THE PUBLIC POLICY, FINANCIAL, TECHNOLOGY, ADVOCACY, AND ACADEMIC SECTORS TO EXAMINE THE POTENTIAL OF ARTIFICIAL INTELLIGENCE (AI)/MACHINE LEARNING (ML) TO IMPROVE FINANCIAL INCLUSION AND FINANCIAL WELL-BEING. THE WORK ALSO INCLUDES EXAMINING AI/ML ACROSS A VARIETY OF FINANCIAL SECTOR USE CASES TO EVALUATE CUSTOMER IMPACT, MARKET PRACTICES, AND PUBLIC POLICY 547305 0 0 PROGRAM RESEARCH - THIS PROGRAM INCLUDES EXPLORATORY AND PLANNING WORK FOR FUTURE EMPIRICAL PROJECT OPPORTUNITIES AND SMALLER PROGRAM INITIATIVES THAT ADVANCE THE ORGANIZATION'S MISSION OF INTERROGATING TECHNOLOGY AND DATA FOR FINANCIAL INCLUSION AND FINANCIAL WELL-BEING. 468922 0 0 SMALL BUSINESS RESEARCH: THE ORGANIZATION IS CONDUCTING RESEARCH INTO THE VALUE OF BANK ACCOUNTS AND OTHER NON-TRADITIONAL DATA FOR INCREASING CREDIT ACCESS TO MINORITY BUSINESS ENTERPRISES AND OTHER SMALL COMPANIES. THE PROGRAM IS ALSO FOCUSED ON HELPING MISSION-BASED LENDERS INCREASE THE SCALE OF THEIR OPERATIONS. 190150 0 0 OTHER PROGRAMS: PROGRAM RESEARCH AND BORROWER RISK ASSESSMENT WITH CASH FLOW DATA. 190150 0 0 2012339 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 CA KY MD NY VA WA X X EASY OFFICE DBA JITASA 2082874777 1120 S RACKHAM WAY MERIDIAN ID 83642 MELISSA KOIDE CEO 40 X X 275140 0 0 KELLY THOMPSON COCHRAN SECRETARY & TREASURER 40 X X 224668 0 0 ZIHSUN ZHAO SENIOR DATA SCIENTIST 40 X X 179144 0 0 KERRIGAN B MOLLAND EMPLOYEE 40 X 134456 0 0 NATALIA BAILEY EMPLOYEE 40 X 124845 0 0 NANCY CASTILLO CHIEF OPEARTING OFFICER 40 X X 118634 0 0 SARAH DAVIES CHIEF ANALYTICS OFFICER 30 X X 116706 0 0 AMY FRIEND BOARD CHAIR 1 X 0 0 0 JO ANN BAREFOOT BOARD MEMBER 1 X 0 0 0 MARLA BLOW BOARD MEMBER 1 X 0 0 0 ALEXANDER ACREE BOARD MEMBER 1 X 0 0 0 MIKE CALHOUN BOARD MEMBER 1 X 0 0 0 KAREN CROXSON BOARD MEMBER 1 X 0 0 0 COURTNEY HODAPP BOARD MEMBER 1 X 0 0 0 KABIR KUMAR BOARD MEMBER 1 X 0 0 0 CANTWELL FAULKNER MUCKENFUSS III BOARD MEMBER 1 X 0 0 0 LISA RICE BOARD MEMBER 1 X 0 0 0 1173593 0 0 7 0 1 1 0 0 0 0 0 884559 2351258 0 3235817 PROGRAM REVENUE 900099 202801 202801 0 0 0 0 0 0 202801 0 0 0 0 0 0 3438618 202801 0 0 X 215983 153243 61849 891 1409347 999954 403581 5812 100314 72607 27345 362 121305 83404 37373 528 6075 5595 480 32398 32398 692766 535428 157338 19710 2670 17040 63818 1794 62024 52111 2566 49545 183820 131340 52480 15115 14210 905 11959 11959 12549 12549 5387 5387 EVENTS & CONVENTIONS 12971 6672 6299 0 REIMBURSEMENT 2856 2856 0 0 2958484 2012339 938552 7593 510311 980021 884559 6300 1031608 38833 24577 379197 80872 16606 298325 1456609 2334531 130650 539087 0 0 130650 539087 X 441400 572992 884559 1222452 1325959 1795444 1456609 2334531 480134 0 0 0 -10649 0 X 0 1 X 1 0 X 201000 1200000 1038007 2440140 3235817 8114964 201000 1200000 1038007 2440140 3235817 8114964 3569346 4545618 1225 1225 1500 1500 8117689 748838 0.55996 0.47171 X Schedule A, Part II, Line 10 OTHER MISCELLANEOUS REVENUE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 328485 54210 274275 0 50712 26662 24050 0 0 0 0 298325 0 0 X 3438618 0 0 0 0 0 3438618 0 0 0 3438618 2969134 0 10650 0 0 10650 2958484 0 0 0 2958484 Schedule D, Part X, Line 2 THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THAT POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL 2023 OR 2022. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2020. 0 0 0 0 0 0 0 0 0 MELISSA KOIDE CEO 275140 0 0 0 0 0 0 0 0 0 275140 0 0 0 KELLY THOMPSON COCHRAN SECRETARY & TREASURER 224668 0 0 0 0 0 0 0 0 0 224668 0 0 0 ZIHSUN ZHAO SENIOR DATA SCIENTIST 179144 0 0 0 0 0 0 0 0 0 179144 0 0 0 KERRIGAN B MOLLAND EMPLOYEE 134456 0 0 0 0 0 0 0 0 0 134456 0 0 0 NATALIA BAILEY EMPLOYEE 124845 0 0 0 0 0 0 0 0 0 124845 0 0 0 NANCY CASTILLO CHIEF OPEARTING OFFICER 118634 0 0 0 0 0 0 0 0 0 118634 0 0 0 SARAH DAVIES CHIEF ANALYTICS OFFICER 116845 0 0 0 0 0 0 0 0 0 116845 0 0 0 Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. Form 990, Part VI, Section B, Line 12c TO ENSURE FINREGLAB OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEW SHALL BE CONDUCTED. FINREGLAB REGULARLY COMMUNICATES WITH THE OFFICES, DIRECTORS AND TRUSTEES (A "INTERESTED PERSON") OF THE ORGANIZATION TO MONITOR COMPLIANCE WITH FINREGLAB'S CONFLICT OF INTEREST POLICY. EACH INTERESTED PERSON SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON (A) HAS RECEIVED A COPY OF THE POLICY; (B) HAS READ AND UNDERSTANDS THE POLICY; (C) HAS AGREED TO COMPLY WITH THE POLICY; AND (D) UNDERSTANDS THE COMPANY IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. EACH INTERESTED PERSON HAS A DUTY TO DISCLOSE A CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST IN A PROPOSED TRANSACTION OR ARRANGEMENT. (A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, THE INTERESTED PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE PROPOSED TRANSACTION. (B) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE COMPANY 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. (D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE PROPOSED TRANSACTION IS IN THE COMPANY'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE PROPOSED TRANSACTION. Form 990, Part VI, Section B, Line 15 A MEETING OF THE DISINTERESTED, NON-EMPLOYEE MEMBERS OF THE BOARD OF DIRECTORS OF FINREGLAB, INC. (THE "INDEPENDENT DIRECTORS") WAS HELD TO REVIEW AND DETERMINE THE CEO'S COMPENSATION. THE CEO DID NOT ATTEND THE MEETING OF THE INDEPENDENT DIRECTORS. THE INDEPENDENT DIRECTORS REVIEWED DATA ON COMPARABLE POSITIONS AT SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS AND COMPENSATION INFORMATION PROVIDED BY AN INDEPENDENT THIRD-PARTY NON-PROFIT CONSULTANT. THE INDEPENDENT DIRECTORS REVIEWED THE COMPENSATION INFORMATION, CONSIDERED THE FINDINGS, AND THEN DETERMINED THE COMPENSATION PACKAGE FOR THE CEO, WHICH WAS THEN VOTED ON AND APPROVED UNANIMOUSLY BY THE INDEPENDENT DIRECTORS. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE 990 FORM IS MADE AVAILABLE TO THE PUBLIC VIA GUIDESTAR.ORG AND IRS.GOV WEBSITES. Form 990, Part IX, Line 11g OTHER FEES WHICH INCLUDE CONTRACTORS, MARKETING CONSULTANTS AND PROGRAM CONTRACTORS.