Village Initiative Project Inc.

“The executive director mrs teresa wilson is married to the treasurer of the organization mr. Samuel wilson”

“Upon completion of the 990 by the accountant, a copy is given to the executive director for review and approval. The executive director upon receipt of the tax form then schedules a meeting with members of the organizations board of directors to reviewthe form. Questions if any are then presented to the accountant for clarification. Upon satisfactory clarification of all questions, the 990 is approved by the board and the accountant is instructed to finalize the return.”

“The issue of whether a conflict of interest exist is routinely considered during board meetings wheneverthe board is engaged in discussion relating to activities conducted by the organization, entering into contracts,hiring personnel, etc”

“In determining the compensation for the organizations executive director and key employees, the organizations board considersthe following factors:1) level of education.2) experience.3) compensation paid by other similar organizations.4) financial status of the orghanization.the board also consults with an outside personnel agency. All discussions pertaining to the decision reached is documented.”

“The organization follows the same procedure used for ceo, executive dir and top management. See write-up of procedurein attachement.”

“The organizations governing documents, conflict of interest policy and financial statements are maintained at the organizations headquarters and are available to the public upon request.”

“See attached schedule of expenses.”