Cristosal Inc.

“Upon receipt from the independent accountants, copies of the 990 are distributed electronically to the board of directors. The finance committee is responsible to address any needed policy changes. Once the board has approved the form 990, it is filed with the irs.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by requiring all board members and employees to complete and sign a declaration of conflicts on an annual basis. The treasurer reviews these annual disclosures. Individuals with conflicts are required to abstain from any vote that may be a conflict of interest.”

“The executive director's compensation is reviewed by the board of directors at their annual meeting. The deliberation and decision is documented in the minutes of the annual meeting. Several members of the board of directors are employed in the non-profit sector and are familiar with compensation for executive staff. Review of form 990s of similar organizations is used for additional comparability data. The organization has no other compensated officers or key employees. The process last occurred in 2022.”

“Economic and impact reports are available to the public through our website, the governing documents, conflict of interest policy, and financial statements are available to the public upon request of the treasurer.”

“Program consultants: program service expenses 50,957. Management and general expenses 0. Fundraising expenses 0. Total expenses 50,957. Internship consultants: program service expenses 10,926. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,926. Graphic design consultants: program service expenses 64,530. Management and general expenses 0. Fundraising expenses 0. Total expenses 64,530. Contractual fees: program service expenses 298,526. Management and general expenses 0. Fundraising expenses 0. Total expenses 298,526. Interpreters: program service expenses 1,130. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,130. Professional development: program service expenses 10,977. Management and general expenses 87,337. Fundraising expenses 5,072. Total expenses 103,386.”

“The organization has an audit committee which is responsible for oversight of the audit and selection of the independent accountant. The process has not changed from the prior year.”

“During the year ended december 31, 2023, cristosal restated certain amounts reported on the december 31, 2022 financial statements to correct leases and account receivables. Summarized below are the corresponding prior period adjustments: (a) cristosal had previously recorded unconditional contributions and grants as conditional. These amounts were adjusted to the corresponding accounts receivable and related net assets. (b) cristosal had previously recorded a multiyear lease as a year-to-year lease. These amounts were adjusted in the corresponding right of use asset, lease liability and related net assets. These changes resulted in a $1,648,256 prior period adjustment.”

“The organization has offices in el salvador, guatamala and with around 120 employees. These individuals do not receive a form w-2 from the organization as they are not required to be issued one as their payroll is not u.s. Sourced. Therefore, they are not being included in the number of employees reported on part i, line 5 and part v, line 2a.”