Catholic Medical Mission Board Inc

“Cmmb's form 990 is prepared by the organization's internal accounting department in conjunction with a nationally recognized accounting firm. Upon completion, the form 990 is distributed to senior management and to the audit committee of the board of directors. The 990 is presented to the audit committee and subjected to a detailed review before it is approved for filing. A copy of the final form 990 is distributed to the entire board of trustees for review and comment prior to submission with the internal revenue service.”

“The conflict-of-interest policy is included in the employee handbook and is posted on the employee intranet. All staff sign when they have read and understood the employee handbook. All cmmb executive staff and board members are required to complete a conflict-of-interest disclosure form on an annual basis.”

“The executive committee approves the compensation of the ceo based on comparative data in a formal, deliberate, contemporaneous substantiated decision-making process. The chairman of the board reviews the ceo's fiscal year performance results with the ceo, followed by the chairman's presentation and sharing of the data with other members of the cmmb executive committee. The executive committee reviews the fiscal year performance plan, success measures, and the results, plus detailed, relevant ceo salary survey data to support the decision-making process. The final decision is subsequently relayed to the ceo. Form 990, part vi, section b, line 15b: the officers/executive team members have individual performance reviews with their supervisor, the ceo. The review entails a mutual analysis of the fiscal year performance plans, success measures, and actual results. The ceo is provided with detailed, relevant salary survey data as additional material for any planned salary actions. The approved salary adjustments for the key employees/executive team members are forwarded to the executive committee of the board of directors to verify compliance with the cmmb salary program, to confirm the ceo's verification of the individual performance results, and to confirm adherence to the current cmmb budget plans and constraints. The organization last commissioned an independent compensation study in calendar year 2023.”

“Cmmb's form 990 is available on its website (http://www.cmmb.org) as is cmmb's audited financial statements. The form 990 is available at guidestar.com. Cmmb's governing documents and conflict of interest policy are available upon written request and at management's discretion.”

“Without discrimination, to people affected by poverty. For over a century, and with a special focus on women and children, we have strengthened and supported communities through the distribution of medicines and medical supplies, the delivery of healthcare programs, and the placement of skilled volunteers. Our vision: a world in which every human life is valued, and health and human dignity are shared by all. Our mission: inspired by the example of jesus, cmmb works in partnership globally to deliver locally sustainable, quality health solutions to women, children, and their communities. Our core values collaboration: to work in partnership for locally sustainable solutions love: to embrace and be compassionate towards all people excellence: to deliver sustainable, quality, and impactful results accountability: to hold ourselves and each other to high ethical standards and practices that maintain the good name of cmmb around the world respect: to act always with integrity, and to value and honor the dignity of all”

“Foreign currency loss -127,962. Change in valuation of gift annuity payable 7,158.”

“The organization's audited financial statements for the year ended september 30, 2023 were restated to correct certain omissions in reporting. Rather than adjust the prior year balance sheet to reflect these adjustments (and to keep the presentation consistent with last year's 990), the organization is reporting the net change from the restatement in part xi, line 8. The net change from the restatement resulted in a $610,316 increase in its net assets.”