Accion International

“The executive committee has been delegated authority to act on behalf of the board of directors subject to subsequent ratification by the board of directors.”

“Prior to the filing of the form 990, the finance committee of the board of directors receives the form 990 for review. Each member of the board of directors subsequently receives a copy of the reviewed form 990 before Accion files it with the internal revenue service.”

“"ACCION international's conflict of interest policy requires annual disclosure of actual or potential conflicts of interest, including all transactions, financial interests, contracts, or positions, conducted or held by the officer, director, or key employee or immediate member of his/her family, with any businesses, corporations, partnerships, proprietorships that carry out any business activities with ACCION international or any of its subsidiaries, investees, affiliates or other persons or institutions in any related to ACCION international. In addition to the annual disclosure requirement, officers, directors, and key employees must also disclose any potential or real conflict of interest as they arise. Each real or potential conflict must be evaluated by independent, disinterested directors serving on the audit & governance committee of the board of directors, and if a real or potential conflict of interest is determined to exist, that conflict situation must be determined to be fair and reasonable to the corporation and thus waived before the affected officer, director, or key employee may proceed."”

“Compensation for officers (including the CEO) and key employees must be approved by the appropriate Committee of the Board of Directors after consideration of data provided by third party experts which indicates comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. The Board Committee will maintain contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangements.”

“ACCION International's audited financial statements, governing documents, and conflict of interest policy are available to the public upon request.”

“"Education and Communications: The Communications Department supports Accion's strategic objectives by promoting awareness of Accion's work around the globe and educating the public about its mission." Expenses $1,859,861. Including grants of $36,842. Revenue $0.”

“ACCION International's financial statements are audited and presented on a consolidated basis, including foreign entities in Colombia, India, China, Brazil and Mauritius. The U.S. organization's financials as reflected for tax purposes on a stand-alone basis are not separately audited.”

“Dividend Distribution AIMCO $41,380. Equity in income of equity investments 970,323. Currency (gain) loss on consolidation (109,523.) Rounding 4. Total Other changes to Line 9: $902,184.”

“There was no change in the audit oversight process from the prior year.”