Enlace USA

“THE FORM 990 WAS PREPARED BY A SUBCONTRACTED TAX PROFESSIONAL. PRIOR TO FILING, THE RETURN WAS REVIEWED AND APPROVED BY TWO BOARD MEMBERS on the Audit Committee. ONE OF THE REVIEWING BOARD MEMBERS IS AN ATTORNEY, WHO REVIEWED ALL LEGAL OR COMPLIANCE ISSUES.”

“If a conflict of interest has been discovered, the Chief Governance Officer will include the issue on the next schedule board meeting, or if necessary, call an extraordinary meeting.”

“SEE LINE 15b RESPONSE”

“ENLACE USA adopted an Executive Compensation Policy (the "Policy") in 2008. The Policy requires the board of directors (the "Board") to make every effort to comply with the "rebuttable presumption of reasonableness" under Internal Revenue Code 4958 and its supporting Treasury Regulations 53.4958-6. The Policy also directs the Board to adopt procedures for reviewing and approving new or materially modified compensation arrangements between ENLACE USA and its executives and senior managers that, among other things, include the following:a.Reviewing the compensation arrangement or the terms of the transaction. The body deciding on the compensation arrangement must be composed entirely of persons who do not have a conflict of interest with respect to the compensation arrangement or transaction under review. b.In making its determination of reasonableness, the Board should obtain and rely upon appropriate data as to comparability from internal or external sources to help it make its determination. c.The Board will ultimately decide (on the basis of the Compensation Committee's recommendation, if any) whether to approve the compensation arrangement or not. Only Board members who have no conflict of interest with respect to the compensation arrangement may participate in the decision-making process. The person who is the subject of the compensation arrangement and any director who has a conflict of interest with respect to the compensation arrangement may answer questions regarding the compensation arrangement but otherwise must recuse themselves from the meeting during deliberation on the compensation arrangement. Additionally, if the Board or the Compensation Committee obtained a compensation study or opinion letter, the Board should be provided an opportunity to ask questions of person who prepared the study or opinion letter. d.The Board should document the basis for its decision the later of the Board's next meeting or 60 days after the Board's decision. And within a reasonable time after the decision is documented, the Board should review and approve the documentation as reasonable, accurate, and complete. The documentation should include, at minimum:(i)The terms of the approved compensation arrangement and the date the Board approved it; (ii)The persons who were present during the deliberation and vote on the compensation arrangement and the names of the persons who voted for it or against it;(iii)The comparability data obtained and relied upon and how the data was obtained; and(iv)The actions any director who has a conflict of interest with respect to the compensation arrangement took during the Board's decision-making process.”

“Annual FINANCIAL STATEMENTS are posted ON OUR WEBSITE AND a financial summary is INCLUDED IN OUR ANNUAL REPORT. CURRENTLY WE ARE NOT POSTING OUR GOVERNING POLICIES AND RELATED DOCUMENTS ON OUR WEBSITE.”

“ENLACE implemented a new micro finance loan program in 2020, which as continued through 2024.Some donors elected to provide capital to be used to provide micro loans in El Salvador via an afflicted financing organization, Credatec. Three year promissory notes with a 3% annually compounded interest were issued and $57,500 was raised. In December 2020, one participate forgave their $10,000 loan and corresponding interest, leaving $47,500 of outstanding loans payable. During 2023, the two remaining notes were rolled over for another three years at the same interest rate and the previous accrued interest was added to the loans balances resulting in loans payable liability of $51,905. Accrued interest on the new notes totaled to $1,833 as of the end of 2024.The original principal of $57,500 was then loaned to the Credatec via a three year promissory note with a 5% annual compounded interest. During 2023, this note also rolled over for another five years at the same interest rate and the previous accrued interest was added to the loan balance resulting in a loan receivable asset of $66,563. Accrued interest on the new note totaled to $4,352 as of the end of 2024.”